Raymond James Financial Inc. Makes New $1.94 Million Investment in Paysafe Limited (NYSE:PSFE)

Raymond James Financial Inc. bought a new stake in Paysafe Limited (NYSE:PSFE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 113,709 shares of the company's stock, valued at approximately $1,944,000. Raymond James Financial Inc. owned 0.19% of Paysafe at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Renaissance Technologies LLC increased its stake in Paysafe by 10.4% in the 4th quarter. Renaissance Technologies LLC now owns 280,889 shares of the company's stock valued at $4,803,000 after buying an additional 26,400 shares during the period. Invesco Ltd. raised its holdings in Paysafe by 2.2% during the fourth quarter. Invesco Ltd. now owns 95,381 shares of the company's stock worth $1,631,000 after purchasing an additional 2,050 shares in the last quarter. Polymer Capital Management US LLC acquired a new stake in Paysafe in the fourth quarter valued at about $381,000. Dynamic Technology Lab Private Ltd purchased a new stake in Paysafe in the 4th quarter valued at approximately $240,000. Finally, Foundry Partners LLC increased its position in Paysafe by 39.8% during the 4th quarter. Foundry Partners LLC now owns 339,696 shares of the company's stock worth $5,809,000 after purchasing an additional 96,708 shares during the period. Hedge funds and other institutional investors own 54.39% of the company's stock.

Paysafe Trading Down 0.1 %

PSFE traded down $0.01 during trading on Wednesday, hitting $14.93. The company's stock had a trading volume of 255,958 shares, compared to its average volume of 325,272. Paysafe Limited has a twelve month low of $13.01 and a twelve month high of $26.25. The firm's 50 day moving average price is $15.51 and its 200-day moving average price is $18.06. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $894.13 million, a PE ratio of -39.29, a PEG ratio of 0.48 and a beta of 1.90.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Bank of America reduced their price target on Paysafe from $18.00 to $16.00 and set an "underperform" rating for the company in a report on Monday, March 10th. UBS Group raised their target price on shares of Paysafe from $17.00 to $17.50 and gave the company a "sell" rating in a report on Wednesday, February 12th. Finally, Susquehanna cut 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.

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.