Paysafe Limited (NYSE:PSFE) Shares Bought by Barclays PLC

Barclays PLC grew its position in Paysafe Limited (NYSE:PSFE) by 273.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 42,167 shares of the company’s stock after acquiring an additional 30,881 shares during the period. Barclays PLC’s holdings in Paysafe were worth $946,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PSFE. Creative Planning grew its position in Paysafe by 2.4% in the 2nd quarter. Creative Planning now owns 22,063 shares of the company’s stock valued at $390,000 after acquiring an additional 508 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Paysafe by 4.2% in the second quarter. Rhumbline Advisers now owns 55,108 shares of the company’s stock valued at $974,000 after purchasing an additional 2,226 shares in the last quarter. American Century Companies Inc. increased its stake in Paysafe by 18.1% during the 2nd quarter. American Century Companies Inc. now owns 42,897 shares of the company’s stock worth $758,000 after buying an additional 6,579 shares during the period. SG Americas Securities LLC lifted its holdings in Paysafe by 107.7% during the 3rd quarter. SG Americas Securities LLC now owns 13,149 shares of the company’s stock worth $295,000 after buying an additional 6,817 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in Paysafe in the 3rd quarter valued at approximately $176,000. Hedge funds and other institutional investors own 54.39% of the company’s stock.

Paysafe Stock Performance

NYSE:PSFE opened at $17.12 on Tuesday. The firm has a market capitalization of $1.04 billion, a PE ratio of -45.05, a price-to-earnings-growth ratio of 0.61 and a beta of 1.86. 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 business’s fifty day moving average price is $19.84 and its 200 day moving average price is $20.29. Paysafe Limited has a 12 month low of $11.94 and a 12 month high of $26.25.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PSFE. Royal Bank of Canada reduced their price objective on Paysafe from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Susquehanna reduced their price target on Paysafe from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Paysafe currently has an average rating of “Hold” and an average price target of $19.40.

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.