Private Management Group Inc. lifted its stake in Paysafe Limited (NYSE:PSFE – Free Report) by 60.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,384,594 shares of the company’s stock after buying an additional 897,103 shares during the period. Private Management Group Inc.’s holdings in Paysafe were worth $19,291,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Paysafe by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,439,793 shares of the company’s stock valued at $31,522,000 after buying an additional 82,440 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Paysafe by 2.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 516,289 shares of the company’s stock valued at $6,670,000 after buying an additional 9,947 shares during the period. Geode Capital Management LLC lifted its stake in shares of Paysafe by 1.8% in the second quarter. Geode Capital Management LLC now owns 399,449 shares of the company’s stock valued at $5,041,000 after buying an additional 7,155 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Paysafe by 10.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 393,291 shares of the company’s stock valued at $4,963,000 after buying an additional 36,994 shares during the period. Finally, CSM Advisors LLC lifted its stake in shares of Paysafe by 13.8% in the third quarter. CSM Advisors LLC now owns 313,648 shares of the company’s stock valued at $4,051,000 after buying an additional 38,145 shares during the period. Institutional investors own 54.39% of the company’s stock.
Insider Activity
In other news, insider Richard Swales sold 18,849 shares of Paysafe stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $6.87, for a total value of $129,492.63. Following the completion of the transaction, the insider owned 24,291 shares in the company, valued at approximately $166,879.17. The trade was a 43.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Paysafe Stock Performance
Paysafe (NYSE:PSFE – Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Paysafe had a negative net margin of 11.44% and a positive return on equity of 11.32%. The company had revenue of $442.72 million during the quarter, compared to analysts’ expectations of $424.41 million. As a group, sell-side analysts anticipate that Paysafe Limited will post 1.6 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the stock. Susquehanna reiterated a “neutral” rating and issued a $10.00 target price (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th. Weiss Ratings cut shares of Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. UBS Group reiterated a “sell” rating and issued a $7.50 target price (up from $6.75) on shares of Paysafe in a research note on Thursday, May 14th. Zacks Research cut shares of Paysafe from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $11.00 price target (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $10.13.
Get Our Latest Stock Report on PSFE
Paysafe Profile
Paysafe is a global payments provider that delivers a comprehensive suite of online and offline payment solutions. The company operates a diverse portfolio of products, including digital wallets under the Skrill and Neteller brands, prepaid voucher services through paysafecard, and integrated payment processing solutions for merchants. Paysafe’s platform is designed to serve a wide range of industries, from e-commerce and digital goods to gaming, financial services, and regulated verticals, offering tailored risk and compliance management alongside its core transaction capabilities.
Founded through a series of mergers and strategic acquisitions, Paysafe traces its origins to the launch of paysafecard in 2000 and the establishment of Optimal Payments in 1996.
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