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

AustralianSuper Pty Ltd bought a new position in shares of Paysafe Limited (NYSE:PSFE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 287,420 shares of the company's stock, valued at approximately $4,510,000. AustralianSuper Pty Ltd owned approximately 0.48% of Paysafe at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Spire Wealth Management lifted its position in shares of Paysafe by 87.8% during the first quarter. Spire Wealth Management now owns 2,845 shares of the company's stock valued at $45,000 after purchasing an additional 1,330 shares in the last quarter. GAMMA Investing LLC increased its stake in Paysafe by 10,940.7% in the 1st quarter. GAMMA Investing LLC now owns 2,981 shares of the company's stock valued at $47,000 after buying an additional 2,954 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Paysafe by 1,385.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,075 shares of the company's stock valued at $48,000 after buying an additional 2,868 shares during the last quarter. State of Wyoming lifted its position in shares of Paysafe by 38.2% during the 4th quarter. State of Wyoming now owns 7,162 shares of the company's stock worth $122,000 after buying an additional 1,980 shares in the last quarter. Finally, Bfsg LLC boosted its stake in shares of Paysafe by 113.9% in the 1st quarter. Bfsg LLC now owns 9,700 shares of the company's stock worth $152,000 after buying an additional 5,165 shares during the last quarter. Institutional investors and hedge funds own 54.39% of the company's stock.

Paysafe Price Performance

Shares of NYSE PSFE opened at $13.77 on Friday. The stock's 50-day simple moving average is $12.83 and its two-hundred day simple moving average is $15.61. Paysafe Limited has a twelve month low of $11.60 and a twelve month high of $26.25. The firm has a market capitalization of $824.66 million, a P/E ratio of -688.50, a P/E/G ratio of 0.38 and a beta of 1.79. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.75.

Wall Street Analysts Forecast Growth

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

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.

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