Principal Financial Group Inc. Has $608,000 Stock Position in Paysafe Limited (NYSE:PSFE)

Principal Financial Group Inc. raised its holdings in Paysafe Limited (NYSE:PSFE) by 2.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,769 shares of the company’s stock after buying an additional 1,042 shares during the quarter. Principal Financial Group Inc. owned 0.06% of Paysafe worth $608,000 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 the business. Topline Capital Management LLC acquired a new stake in shares of Paysafe during the 4th quarter worth approximately $34,481,000. Dimensional Fund Advisors LP grew its holdings in shares of Paysafe by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,851,402 shares of the company’s stock worth $31,659,000 after purchasing an additional 75,677 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Paysafe by 15.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 694,079 shares of the company’s stock worth $11,869,000 after purchasing an additional 91,592 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in Paysafe by 2.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 469,504 shares of the company’s stock valued at $8,029,000 after buying an additional 12,156 shares in the last quarter. Finally, Foundry Partners LLC boosted its stake in Paysafe by 39.8% in the 4th quarter. Foundry Partners LLC now owns 339,696 shares of the company’s stock valued at $5,809,000 after buying an additional 96,708 shares in the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

Paysafe Price Performance

Paysafe stock opened at $13.77 on Monday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $824.69 million, a P/E ratio of -688.50, a P/E/G ratio of 0.38 and a beta of 1.79. The business’s fifty day moving average is $12.83 and its two-hundred day moving average is $15.60. Paysafe Limited has a 52 week low of $11.60 and a 52 week high of $26.25.

Analysts Set New Price Targets

PSFE has been the topic of several recent analyst reports. Bank of America raised Paysafe from an “underperform” rating to a “neutral” rating and set a $14.30 price target on the stock in a research note on Friday, May 16th. Susquehanna decreased their price target on Paysafe from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd.

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.