Mackenzie Financial Corp Makes New Investment in Paysafe Limited (NYSE:PSFE)

Mackenzie Financial Corp acquired a new stake in Paysafe Limited (NYSE:PSFE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 25,253 shares of the company's stock, valued at approximately $432,000.

Several other hedge funds have also modified their holdings of PSFE. Spire Wealth Management acquired a new stake in shares of Paysafe in the fourth quarter valued at $26,000. Bfsg LLC acquired a new stake in shares of Paysafe in the fourth quarter valued at $78,000. State of Wyoming raised its stake in shares of Paysafe by 38.2% in 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 in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Paysafe in the fourth quarter valued at $169,000. Finally, Graham Capital Management L.P. acquired a new stake in shares of Paysafe in the fourth quarter valued at $193,000. 54.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PSFE shares. Bank of America upgraded Paysafe from an "underperform" rating to a "neutral" rating and set a $14.30 price objective on the stock in a research note on Friday, May 16th. Susquehanna reduced their price objective on Paysafe from $17.00 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Finally, UBS Group increased their price objective on Paysafe from $17.00 to $17.50 and gave the company a "sell" rating in a research note on Wednesday, February 12th.

Paysafe Stock Up 1.4%

NYSE:PSFE traded up $0.18 during trading hours on Friday, hitting $12.64. The company's stock had a trading volume of 389,829 shares, compared to its average volume of 334,439. The stock has a market capitalization of $756.74 million, a P/E ratio of -33.25, a price-to-earnings-growth ratio of 0.48 and a beta of 1.79. The stock has a fifty day moving average of $13.98 and a 200-day moving average of $16.76. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.76. Paysafe Limited has a 52-week low of $11.60 and a 52-week high of $26.25.

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

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.