Hsbc Holdings PLC Has $160,000 Stock Holdings in Paysafe Limited (NYSE:PSFE)

Hsbc Holdings PLC boosted its holdings in Paysafe Limited (NYSE:PSFE – Get Rating) by 45.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 113,128 shares of the company’s stock after acquiring an additional 35,523 shares during the quarter. Hsbc Holdings PLC’s holdings in Paysafe were worth $160,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PSFE. Raymond James Financial Services Advisors Inc. increased its stake in shares of Paysafe by 21.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 33,200 shares of the company’s stock worth $113,000 after purchasing an additional 5,911 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Paysafe during the 1st quarter worth $122,000. Cetera Advisor Networks LLC boosted its position in Paysafe by 96.0% during the first quarter. Cetera Advisor Networks LLC now owns 105,560 shares of the company’s stock worth $358,000 after purchasing an additional 51,699 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of Paysafe in the first quarter worth about $469,000. Finally, Vanguard Group Inc. lifted its stake in shares of Paysafe by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 1,042,147 shares of the company’s stock valued at $3,534,000 after buying an additional 23,942 shares in the last quarter. 47.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PSFE has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $36.00 target price on shares of Paysafe in a report on Friday. Credit Suisse Group upped their target price on Paysafe from $18.60 to $19.00 and gave the stock an “underperform” rating in a research note on Friday. Susquehanna reiterated a “neutral” rating and set a $24.00 price target on shares of Paysafe in a research report on Friday. Finally, BMO Capital Markets decreased their price target on shares of Paysafe from $84.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Paysafe presently has an average rating of “Hold” and an average target price of $40.50.

Paysafe Price Performance

PSFE stock opened at $18.92 on Tuesday. The firm has a 50-day moving average of $20.18 and a 200 day moving average of $18.15. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.09 and a quick ratio of 1.06. The company has a market cap of $1.14 billion, a P/E ratio of -0.62, a PEG ratio of 3.21 and a beta of 1.89. Paysafe Limited has a 1 year low of $11.29 and a 1 year high of $45.00.

Paysafe (NYSE:PSFE – Get Rating) last posted its quarterly earnings data on Thursday, March 9th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.24. Paysafe had a positive return on equity of 12.91% and a negative net margin of 122.68%. The business had revenue of $383.60 million during the quarter, compared to the consensus estimate of $375.27 million. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, sell-side analysts forecast that Paysafe Limited will post 0.49 EPS for the current year.

Paysafe Company Profile

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Paysafe Limited provides digital commerce solutions to online businesses, small and medium-sized business merchants, and consumers through its Paysafe Network worldwide. The company operates in two segments, US Acquiring and Digital Commerce. It provides PCI-compliant payment acceptance and transaction processing solutions for merchants and integrated service providers, including merchant acquiring, transaction processing, online solutions, fraud and risk management tools, data and analytics, and point of sale systems and merchant financing solutions under the Paysafe and Petroleum Card Services brands.