18,409 Shares in Paysafe Limited (NYSE:PSFE) Purchased by Sei Investments Co.

Sei Investments Co. acquired a new stake in shares of Paysafe Limited (NYSE:PSFE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,409 shares of the company’s stock, valued at approximately $325,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. CWM LLC lifted its position in shares of Paysafe by 596.7% in the 2nd 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 last quarter. Nisa Investment Advisors LLC boosted its stake in Paysafe by 2,613.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock valued at $37,000 after acquiring an additional 2,012 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in Paysafe in the second quarter valued at approximately $222,000. Gamco Investors INC. ET AL grew its holdings in shares of Paysafe by 16.7% during the first quarter. Gamco Investors INC. ET AL now owns 20,650 shares of the company’s stock valued at $326,000 after purchasing an additional 2,950 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Paysafe during the 4th quarter worth approximately $366,000. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PSFE. UBS Group boosted their price target on shares of Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a report on Wednesday, August 14th. Bank of America boosted their target price on shares of Paysafe from $16.20 to $19.00 and gave the company an “underperform” rating in a research note on Tuesday, August 27th. Royal Bank of Canada raised their price target on shares of Paysafe from $20.00 to $25.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 14th. Finally, Susquehanna boosted their price objective on Paysafe from $16.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.00.

Paysafe Stock Performance

PSFE opened at $21.25 on Friday. Paysafe Limited has a 1-year low of $9.25 and a 1-year high of $23.50. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -96.59, a price-to-earnings-growth ratio of 0.57 and a beta of 1.92. The business has a 50 day moving average price of $21.42 and a two-hundred day moving average price of $18.77. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.15 and a quick ratio of 1.15.

Paysafe (NYSE:PSFE) last announced its earnings results on Tuesday, August 13th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.07). Paysafe had a negative net margin of 0.78% and a positive return on equity of 14.42%. The firm had revenue of $439.92 million for the quarter, compared to the consensus estimate of $428.40 million. Research analysts predict that Paysafe Limited will post 1.92 EPS for the current fiscal year.

Paysafe Company Profile

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.