Empowered Funds LLC Has $5.35 Million Position in Paysafe Limited (NYSE:PSFE)

Empowered Funds LLC boosted its stake in shares of Paysafe Limited (NYSE:PSFE) by 5.3% in the third quarter, HoldingsChannel reports. The firm owned 238,448 shares of the company’s stock after purchasing an additional 12,060 shares during the quarter. Empowered Funds LLC’s holdings in Paysafe were worth $5,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Paysafe by 24.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company’s stock worth $28,876,000 after buying an additional 324,207 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Paysafe by 39.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 302,765 shares of the company’s stock worth $4,781,000 after acquiring an additional 85,170 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Paysafe during the second quarter worth approximately $3,702,000. Renaissance Technologies LLC boosted its holdings in shares of Paysafe by 31.8% during the second quarter. Renaissance Technologies LLC now owns 204,287 shares of the company’s stock worth $3,612,000 after acquiring an additional 49,300 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Paysafe by 14.3% in the first quarter. Russell Investments Group Ltd. now owns 186,811 shares of the company’s stock valued at $2,950,000 after purchasing an additional 23,353 shares during the last quarter. 54.39% of the stock is currently owned by institutional investors and hedge funds.

Paysafe Stock Down 2.3 %

Shares of NYSE PSFE opened at $17.67 on Monday. The stock has a market capitalization of $1.07 billion, a P/E ratio of -46.50, a PEG ratio of 0.44 and a beta of 1.91. The stock’s fifty day moving average is $22.03 and its 200 day moving average is $20.07. Paysafe Limited has a 52 week low of $10.05 and a 52 week high of $26.25. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.15 and a current ratio of 1.14.

Analyst Upgrades and Downgrades

PSFE has been the subject of several recent research reports. UBS Group boosted their price target on Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a research note on Wednesday, August 14th. Royal Bank of Canada reduced their target price on shares of Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday. Bank of America raised their price target on shares of Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 27th. Finally, Susquehanna dropped their price objective on shares of Paysafe from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $18.00.

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.