Nuveen LLC Invests $1.44 Million in Paysafe Limited $PSFE

Key Points

• Nuveen LLC has invested approximately $1.44 million in Paysafe Limited, acquiring 91,695 shares, indicating growing institutional interest in the company.
• Paysafe reported a quarterly earnings per share of $0.46, slightly exceeding analyst expectations, despite a revenue decline of 2.7% year-over-year.
• The stock currently holds an average rating of "Hold" with a consensus price target of $16.95, suggesting mixed sentiment among analysts.

Nuveen LLC bought a new stake in Paysafe Limited (NYSE:PSFE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 91,695 shares of the company's stock, valued at approximately $1,439,000. Nuveen LLC owned 0.15% of Paysafe as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PSFE. Barclays PLC raised its position in Paysafe by 14.9% in the fourth quarter. Barclays PLC now owns 48,451 shares of the company's stock valued at $829,000 after purchasing an additional 6,284 shares during the period. Dimensional Fund Advisors LP raised its position in Paysafe by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,851,402 shares of the company's stock valued at $31,659,000 after purchasing an additional 75,677 shares during the period. MetLife Investment Management LLC raised its position in Paysafe by 11.0% in the fourth quarter. MetLife Investment Management LLC now owns 20,078 shares of the company's stock valued at $343,000 after purchasing an additional 1,990 shares during the period. Price T Rowe Associates Inc. MD raised its position in Paysafe by 16.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,207 shares of the company's stock valued at $209,000 after purchasing an additional 1,709 shares during the period. Finally, Northern Trust Corp raised its position in Paysafe by 6.7% in the fourth quarter. Northern Trust Corp now owns 215,839 shares of the company's stock valued at $3,691,000 after purchasing an additional 13,626 shares during the period. Hedge funds and other institutional investors own 54.39% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PSFE. Bank of America raised Paysafe from an "underperform" rating to a "neutral" rating and set a $14.30 target price on the stock in a research report on Friday, May 16th. BTIG Research reaffirmed a "buy" rating on shares of Paysafe in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $16.95.

Paysafe Stock Performance

NYSE PSFE traded down $0.13 during trading hours on Thursday, hitting $13.24. The company had a trading volume of 71,786 shares, compared to its average volume of 387,572. The company has a debt-to-equity ratio of 3.15, a quick ratio of 1.20 and a current ratio of 1.20. Paysafe Limited has a 1-year low of $10.63 and a 1-year high of $26.25. The company has a market cap of $793.16 million, a PE ratio of -15.58 and a beta of 1.79. The business has a 50 day moving average of $13.21 and a 200-day moving average of $14.34.

Paysafe (NYSE:PSFE - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. Paysafe had a negative net margin of 2.93% and a positive return on equity of 9.64%. The company had revenue of $428.22 million during the quarter, compared to the consensus estimate of $424.11 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Paysafe's revenue for the quarter was down 2.7% on a year-over-year basis. Paysafe has set its FY 2025 guidance at 2.210-2.510 EPS. As a group, equities research analysts expect that Paysafe Limited will post 1.87 EPS for the current 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.