34,076 Shares in Paysafe Limited (NYSE:PSFE) Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. acquired a new position in shares of Paysafe Limited (NYSE:PSFE) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 34,076 shares of the company’s stock, valued at approximately $764,000.

Several other large investors have also recently added to or reduced their stakes in the stock. CWM LLC boosted its position in shares of Paysafe by 596.7% during the second quarter. CWM LLC now owns 1,470 shares of the company’s stock worth $26,000 after buying an additional 1,259 shares during the period. Nisa Investment Advisors LLC boosted its position in Paysafe by 2,613.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock worth $37,000 after acquiring an additional 2,012 shares during the period. State of New Jersey Common Pension Fund D bought a new position in shares of Paysafe in the second quarter worth $222,000. SG Americas Securities LLC increased its holdings in shares of Paysafe by 107.7% during the third quarter. SG Americas Securities LLC now owns 13,149 shares of the company’s stock valued at $295,000 after purchasing an additional 6,817 shares during the period. Finally, Sei Investments Co. bought a new stake in shares of Paysafe during the second quarter valued at about $325,000. 54.39% of the stock is owned by institutional investors and hedge funds.

Paysafe Stock Up 0.5 %

PSFE stock opened at $17.58 on Friday. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $1.07 billion, a PE ratio of -46.26, a P/E/G ratio of 0.44 and a beta of 1.91. Paysafe Limited has a 12 month low of $10.05 and a 12 month high of $26.25. The firm has a 50 day simple moving average of $21.55 and a 200 day simple moving average of $20.12.

Analyst Ratings Changes

PSFE has been the subject of a number of recent analyst reports. Royal Bank of Canada decreased their target price on shares of Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. UBS Group raised their price objective on shares of Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a research note on Wednesday, August 14th. Bank of America upped their target price on Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 27th. Finally, Susquehanna lowered their price target on Paysafe from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Paysafe presently has an average rating of “Hold” and an average target price of $18.00.

About Paysafe

Paysafe Limited provides end-to-end payment solutions in the United States, Germany, the United Kingdom, and internationally. Its payments platform offers a range of payment solutions comprising credit and debit card processing, digital wallet, eCash, and real-time banking solutions for entertainment verticals, such as iGaming, including online betting related to sports, e-sports, fantasy sports, poker, and other casino games, as well as travel, streaming/video gaming, retail/hospitality, and digital assets.