Paysafe Limited (NYSE:PSFE) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lessened its holdings in shares of Paysafe Limited (NYSE:PSFE - Free Report) by 22.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 399,412 shares of the company's stock after selling 117,679 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.66% of Paysafe worth $6,830,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PSFE. Spire Wealth Management bought a new position in Paysafe in the fourth quarter worth $26,000. Bfsg LLC bought a new position in Paysafe in the fourth quarter worth $78,000. Quantbot Technologies LP bought a new position in Paysafe in the fourth quarter worth $169,000. Graham Capital Management L.P. bought a new position in Paysafe in the fourth quarter worth $193,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Paysafe by 25.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,078 shares of the company's stock worth $194,000 after purchasing an additional 2,215 shares in the last quarter. Institutional investors own 54.39% of the company's stock.

Paysafe Stock Up 2.0%

Shares of PSFE traded up $0.25 during trading hours on Friday, hitting $12.74. The company had a trading volume of 556,393 shares, compared to its average volume of 323,909. The company has a market capitalization of $762.97 million, a PE ratio of -33.53, a price-to-earnings-growth ratio of 0.48 and a beta of 1.90. 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 one year low of $12.38 and a one year high of $26.25. The company's fifty day moving average price is $15.26 and its two-hundred day moving average price is $17.68.

Paysafe (NYSE:PSFE - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.32). Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. The business had revenue of $401.00 million for the quarter, compared to analyst estimates of $404.45 million. As a group, equities analysts forecast that Paysafe Limited will post 1.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PSFE. Susquehanna reduced their price target on Paysafe from $17.00 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Bank of America upgraded Paysafe from an "underperform" rating to a "neutral" rating and set a $14.30 price target for the company in a report on Friday. Finally, UBS Group raised their price target on Paysafe from $17.00 to $17.50 and gave the company a "sell" rating in a report on Wednesday, February 12th.

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.