Sunriver Management LLC Purchases New Position in Paysafe Limited $PSFE

Key Points

• Sunriver Management LLC acquired a new stake in Paysafe Limited (PSFE) by purchasing 1,205,649 shares, valued at approximately $18.9 million, making it the 20th largest holding in their investment portfolio.
• Several hedge funds have increased their positions in Paysafe, with Mirae Asset Global Investments growing its stake by 1,385.5% in the first quarter.
• Paysafe reported earnings per share of $0.46, exceeding expectations, while its revenue for the quarter was $428.22 million, showing a year-over-year decline of 2.7%.

Sunriver Management LLC bought a new stake in Paysafe Limited (NYSE:PSFE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,205,649 shares of the company's stock, valued at approximately $18,917,000. Paysafe comprises about 2.3% of Sunriver Management LLC's investment portfolio, making the stock its 20th largest position. Sunriver Management LLC owned about 2.01% of Paysafe at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PSFE. Invesco Ltd. increased its holdings in Paysafe by 2.2% in the 4th quarter. Invesco Ltd. now owns 95,381 shares of the company's stock valued at $1,631,000 after purchasing an additional 2,050 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Paysafe in the 4th quarter valued at approximately $1,944,000. Barclays PLC increased its holdings in Paysafe by 14.9% in the 4th 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 last quarter. Dimensional Fund Advisors LP increased its holdings in Paysafe by 4.3% in the 4th 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 last quarter. Finally, MetLife Investment Management LLC increased its holdings in Paysafe by 11.0% in the 4th 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 last quarter. Institutional investors and hedge funds own 54.39% of the company's stock.

Wall Street Analyst Weigh In

PSFE has been the subject of several recent research reports. Bank of America raised shares of Paysafe from an "underperform" rating to a "neutral" rating and set a $14.30 price target for the company in a research report on Friday, May 16th. BTIG Research reissued a "buy" rating on shares of Paysafe in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $16.95.

Paysafe Stock Up 1.3%

PSFE stock traded up $0.18 during midday trading on Wednesday, hitting $14.12. The company's stock had a trading volume of 192,398 shares, compared to its average volume of 395,157. The firm has a market capitalization of $845.53 million, a P/E ratio of 10.40 and a beta of 1.78. The firm has a 50-day simple moving average of $13.02 and a 200-day simple moving average of $14.56. Paysafe Limited has a 52-week low of $10.63 and a 52-week high of $26.25. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 3.15.

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, topping the consensus estimate of $0.45 by $0.01. The business had revenue of $428.22 million during the quarter, compared to analysts' expectations of $424.11 million. Paysafe had a negative net margin of 2.93% and a positive return on equity of 9.64%. The company's revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 EPS. Paysafe has set its FY 2025 guidance at 2.210-2.510 EPS. As a group, equities analysts forecast that Paysafe Limited will post 1.87 EPS for the current 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.