Paysafe Limited (NYSE:PSFE) Shares Sold by Cannae Holdings Inc.

Cannae Holdings Inc. decreased its stake in shares of Paysafe Limited (NYSE:PSFEFree Report) by 27.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,462,237 shares of the company’s stock after selling 917,650 shares during the period. Paysafe makes up 3.4% of Cannae Holdings Inc.’s holdings, making the stock its 3rd biggest holding. Cannae Holdings Inc.’s holdings in Paysafe were worth $42,104,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Paysafe during the third quarter worth approximately $176,000. State of New Jersey Common Pension Fund D bought a new position in Paysafe in the 2nd quarter worth approximately $222,000. Oppenheimer Asset Management Inc. acquired a new position in Paysafe during the 3rd quarter worth $225,000. Verition Fund Management LLC acquired a new stake in shares of Paysafe in the 3rd quarter valued at $254,000. Finally, SG Americas Securities LLC raised its position in shares of Paysafe by 107.7% during the third quarter. SG Americas Securities LLC now owns 13,149 shares of the company’s stock worth $295,000 after acquiring an additional 6,817 shares during the last quarter. Institutional investors own 54.39% of the company’s stock.

Paysafe Stock Up 0.1 %

Shares of Paysafe stock opened at $18.00 on Tuesday. Paysafe Limited has a 1 year low of $11.94 and a 1 year high of $26.25. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.14. The business has a 50-day moving average of $18.27 and a two-hundred day moving average of $20.26.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PSFE. Royal Bank of Canada lowered their price target on shares of Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Susquehanna dropped their target price on shares of Paysafe from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th.

View Our Latest Analysis on PSFE

Paysafe Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PSFE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paysafe Limited (NYSE:PSFEFree Report).

Institutional Ownership by Quarter for Paysafe (NYSE:PSFE)

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