American Century Companies Inc. Purchases 19,988 Shares of Paysafe Limited (NYSE:PSFE)

American Century Companies Inc. grew its stake in shares of Paysafe Limited (NYSE:PSFE - Free Report) by 37.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 73,541 shares of the company's stock after acquiring an additional 19,988 shares during the quarter. American Century Companies Inc. owned about 0.12% of Paysafe worth $1,258,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PSFE. Spire Wealth Management acquired a new stake in shares of Paysafe during the fourth quarter valued at about $26,000. Bfsg LLC acquired a new stake in shares of Paysafe in the 4th quarter valued at about $78,000. Quantbot Technologies LP bought a new stake in shares of Paysafe during the fourth quarter valued at approximately $169,000. SG Americas Securities LLC grew its position in Paysafe by 5.7% in the 4th quarter. SG Americas Securities LLC now owns 13,903 shares of the company's stock valued at $238,000 after purchasing an additional 754 shares during the period. Finally, Verition Fund Management LLC bought a new stake in Paysafe during the 3rd quarter valued at $254,000. Institutional investors own 54.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PSFE shares. Susquehanna cut their price target on Paysafe from $21.00 to $17.00 and set a "neutral" rating for the company in a research note on Wednesday, March 5th. UBS Group upped their price objective on shares of Paysafe from $17.00 to $17.50 and gave the stock a "sell" rating in a research report on Wednesday, February 12th. Finally, Bank of America cut their price objective on Paysafe from $18.00 to $16.00 and set an "underperform" rating on the stock in a research report on Monday, March 10th.

Paysafe Stock Performance

Paysafe stock traded down $0.32 during midday trading on Wednesday, reaching $14.53. The stock had a trading volume of 9,908 shares, compared to its average volume of 327,647. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.76. The firm has a market capitalization of $882.73 million, a PE ratio of -38.37, a P/E/G ratio of 0.48 and a beta of 1.91. Paysafe Limited has a 12 month low of $13.01 and a 12 month high of $26.25. The firm's 50-day moving average price is $17.13 and its 200 day moving average price is $18.81.

Paysafe (NYSE:PSFE - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.17). Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. The company had revenue of $420.07 million for the quarter, compared to analysts' expectations of $437.40 million. As a group, research analysts predict that Paysafe Limited will post 1.87 earnings per share for the current fiscal year.

Paysafe 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.