Strs Ohio Makes New $289,000 Investment in Paysafe Limited $PSFE

Strs Ohio bought a new position in Paysafe Limited (NYSE:PSFE) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,400 shares of the company’s stock, valued at approximately $289,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of Paysafe by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 38,769 shares of the company’s stock valued at $608,000 after buying an additional 1,042 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Paysafe by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,315 shares of the company’s stock valued at $193,000 after buying an additional 1,237 shares in the last quarter. Spire Wealth Management lifted its position in shares of Paysafe by 87.8% during the 1st quarter. Spire Wealth Management now owns 2,845 shares of the company’s stock valued at $45,000 after buying an additional 1,330 shares in the last quarter. State of Wyoming lifted its position in shares of Paysafe by 38.2% during the 4th quarter. State of Wyoming now owns 7,162 shares of the company’s stock valued at $122,000 after buying an additional 1,980 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Paysafe by 1,385.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,075 shares of the company’s stock valued at $48,000 after buying an additional 2,868 shares in the last quarter. 54.39% of the stock is owned by hedge funds and other institutional investors.

Paysafe Stock Down 3.0%

NYSE PSFE opened at $13.26 on Wednesday. The stock’s 50 day moving average is $13.44 and its 200 day moving average is $13.86. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 3.15. Paysafe Limited has a 12 month low of $10.63 and a 12 month high of $26.25. The stock has a market cap of $793.84 million, a PE ratio of -15.59 and a beta of 1.79.

Paysafe (NYSE:PSFE) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Paysafe had a positive return on equity of 9.64% and a negative net margin of 2.93%.The company had revenue of $428.22 million for the quarter, compared to analysts’ expectations of $424.11 million. During the same period in the previous year, the firm earned $0.59 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. Paysafe has set its FY 2025 guidance at 2.210-2.510 EPS. Research analysts predict that Paysafe Limited will post 1.87 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, BTIG Research reaffirmed a “buy” rating on shares of Paysafe in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $16.95.

About Paysafe

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.