Mitsubishi UFJ Asset Management Co. Ltd. Grows Stake in Paysafe Limited (NYSE:PSFE)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Paysafe Limited (NYSE:PSFE) by 11.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,315 shares of the company’s stock after acquiring an additional 1,237 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Paysafe were worth $193,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Spire Wealth Management boosted its position in shares of Paysafe by 87.8% during the first 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 during the period. GAMMA Investing LLC boosted its position in shares of Paysafe by 10,940.7% during the first quarter. GAMMA Investing LLC now owns 2,981 shares of the company’s stock valued at $47,000 after buying an additional 2,954 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Paysafe by 1,385.5% during the first 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 during the period. State of Wyoming boosted its position in shares of Paysafe by 38.2% during the fourth 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 during the period. Finally, Bfsg LLC boosted its position in shares of Paysafe by 113.9% during the first quarter. Bfsg LLC now owns 9,700 shares of the company’s stock valued at $152,000 after buying an additional 5,165 shares during the period. Hedge funds and other institutional investors own 54.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PSFE shares. Bank of America upgraded Paysafe from an “underperform” rating to a “neutral” rating and set a $14.30 target price for the company in a research report on Friday, May 16th. BTIG Research restated a “buy” rating on shares of Paysafe in a research report on Tuesday. Finally, Susquehanna dropped their target price on Paysafe from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Paysafe presently has an average rating of “Hold” and a consensus target price of $16.95.

Paysafe Stock Down 4.6%

Shares of NYSE PSFE opened at $13.83 on Friday. The company has a debt-to-equity ratio of 3.15, a quick ratio of 1.16 and a current ratio of 1.20. The firm has a market capitalization of $828.28 million, a price-to-earnings ratio of -16.27, a PEG ratio of 0.40 and a beta of 1.78. The stock has a 50 day moving average price of $12.85 and a 200 day moving average price of $14.96. Paysafe Limited has a 52-week low of $10.63 and a 52-week high of $26.25.

Paysafe (NYSE:PSFE) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $428.22 million during the quarter, compared to analyst estimates of $424.11 million. Paysafe had a positive return on equity of 9.64% and a negative net margin of 2.93%. Paysafe’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 earnings per share. Sell-side analysts expect that Paysafe Limited will post 1.87 earnings per share for the current year.

Paysafe Company 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.