Empowered Funds LLC Boosts Holdings in Paysafe Limited (NYSE:PSFE)

Empowered Funds LLC increased its holdings in Paysafe Limited (NYSE:PSFE) by 5.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 250,604 shares of the company’s stock after purchasing an additional 12,156 shares during the period. Empowered Funds LLC owned approximately 0.41% of Paysafe worth $4,285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Private Management Group Inc. purchased a new stake in Paysafe during the fourth quarter valued at about $8,489,000. Spire Wealth Management purchased a new stake in Paysafe during the 4th quarter valued at about $26,000. SG Americas Securities LLC grew its position in Paysafe by 5.7% during the 4th quarter. SG Americas Securities LLC now owns 13,903 shares of the company’s stock worth $238,000 after acquiring an additional 754 shares during the last quarter. JPMorgan Chase & Co. grew its position in Paysafe by 5.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,183 shares of the company’s stock worth $341,000 after acquiring an additional 835 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new position in Paysafe in the 3rd quarter worth approximately $764,000. Institutional investors own 54.39% of the company’s stock.

Wall Street Analyst Weigh In

PSFE has been the topic of several recent analyst reports. Susquehanna cut their target price on shares of Paysafe from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Royal Bank of Canada cut their price target on shares of Paysafe from $25.00 to $21.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th.

Paysafe Trading Down 16.5 %

NYSE PSFE opened at $19.03 on Wednesday. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.14. Paysafe Limited has a fifty-two week low of $11.94 and a fifty-two week high of $26.25. The stock has a market cap of $1.16 billion, a P/E ratio of -50.07, a price-to-earnings-growth ratio of 0.57 and a beta of 1.89. The stock has a 50 day simple moving average of $18.52 and a two-hundred day simple moving average of $20.26.

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.