AustralianSuper Pty Ltd Takes $4.51 Million Position in Paysafe Limited (NYSE:PSFE)

AustralianSuper Pty Ltd bought a new position in Paysafe Limited (NYSE:PSFE - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 287,420 shares of the company's stock, valued at approximately $4,510,000. AustralianSuper Pty Ltd owned about 0.48% of Paysafe as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Spire Wealth Management increased its stake in shares of Paysafe by 87.8% in the first quarter. Spire Wealth Management now owns 2,845 shares of the company's stock worth $45,000 after acquiring an additional 1,330 shares during the period. GAMMA Investing LLC increased its position in Paysafe by 10,940.7% during the first quarter. GAMMA Investing LLC now owns 2,981 shares of the company's stock worth $47,000 after purchasing an additional 2,954 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Paysafe by 1,385.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,075 shares of the company's stock worth $48,000 after purchasing an additional 2,868 shares during the period. State of Wyoming increased its position in shares of Paysafe by 38.2% during the fourth quarter. State of Wyoming now owns 7,162 shares of the company's stock valued at $122,000 after acquiring an additional 1,980 shares during the last quarter. Finally, Bfsg LLC increased its position in shares of Paysafe by 113.9% during the first quarter. Bfsg LLC now owns 9,700 shares of the company's stock valued at $152,000 after acquiring an additional 5,165 shares during the last quarter. 54.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PSFE shares. Bank of America raised shares of Paysafe from an "underperform" rating to a "neutral" rating and set a $14.30 price target on the stock in a research note on Friday, May 16th. Susquehanna lowered their price objective on shares of Paysafe from $17.00 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd.

Paysafe Stock Up 0.9%

PSFE stock traded up $0.12 during trading on Wednesday, reaching $13.85. 71,162 shares of the stock were exchanged, compared to its average volume of 348,865. The firm has a market cap of $829.45 million, a P/E ratio of -692.50, a price-to-earnings-growth ratio of 0.38 and a beta of 1.79. Paysafe Limited has a twelve month low of $11.60 and a twelve month high of $26.25. The firm's 50 day moving average is $12.83 and its 200 day moving average is $15.60. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.75.

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.