Russell Investments Group Ltd. Has $588,000 Position in Paysafe Limited (NYSE:PSFE)

Russell Investments Group Ltd. reduced its stake in Paysafe Limited (NYSE:PSFE) by 21.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,045 shares of the company’s stock after selling 9,105 shares during the period. Russell Investments Group Ltd. owned about 0.06% of Paysafe worth $588,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new position in Paysafe in the 1st quarter valued at approximately $709,000. Los Angeles Capital Management LLC raised its holdings in Paysafe by 16.7% in the 1st quarter. Los Angeles Capital Management LLC now owns 66,352 shares of the company’s stock valued at $1,146,000 after buying an additional 9,487 shares during the last quarter. Strs Ohio raised its holdings in Paysafe by 437.3% during the 1st quarter. Strs Ohio now owns 31,700 shares of the company’s stock worth $547,000 after purchasing an additional 25,800 shares during the last quarter. ETF Managers Group LLC bought a new position in Paysafe during the 1st quarter worth approximately $5,271,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Paysafe by 62.4% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 52,394 shares of the company’s stock worth $73,000 after purchasing an additional 20,127 shares during the last quarter. Institutional investors own 51.84% of the company’s stock.

Paysafe Stock Performance

NYSE PSFE opened at $13.61 on Friday. The company has a fifty day simple moving average of $11.73 and a 200 day simple moving average of $13.87. Paysafe Limited has a 12-month low of $9.34 and a 12-month high of $24.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 2.90. The company has a market cap of $827.34 million, a P/E ratio of -20.94, a PEG ratio of 0.55 and a beta of 1.90.

Paysafe (NYSE:PSFE) last posted its quarterly earnings results on Tuesday, August 15th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.20. Paysafe had a negative net margin of 2.49% and a positive return on equity of 14.97%. The business had revenue of $402.30 million during the quarter, compared to the consensus estimate of $394.16 million. During the same quarter last year, the firm posted $0.60 EPS. Paysafe’s revenue was up 6.2% compared to the same quarter last year. Sell-side analysts predict that Paysafe Limited will post 2.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PSFE. BMO Capital Markets lowered their price target on shares of Paysafe from $80.00 to $64.00 and set an “outperform” rating for the company in a report on Wednesday, August 16th. Susquehanna raised their price objective on shares of Paysafe from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 16th. Royal Bank of Canada raised their price objective on shares of Paysafe from $17.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 16th. Bank of America reduced their price objective on shares of Paysafe from $17.00 to $13.70 in a research report on Tuesday, May 23rd. Finally, Credit Suisse Group raised their price objective on shares of Paysafe from $14.50 to $15.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 16th.

Paysafe Profile

Paysafe Limited provides digital commerce solutions to online businesses, small and medium-sized merchants and consumers through its Paysafe Network in the United Kingdom, the united States, Germany, and internationally. The company operates through two segments, Merchant Solutions and Digital Wallets.