American Century Companies Inc. Buys 1,624,948 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

American Century Companies Inc. increased its position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 24.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,166,652 shares of the company's stock after buying an additional 1,624,948 shares during the period. American Century Companies Inc. owned 2.29% of Payoneer Global worth $81,993,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. bought a new stake in Payoneer Global in the 4th quarter valued at $1,233,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Payoneer Global during the fourth quarter worth approximately $1,276,000. FMR LLC lifted its stake in shares of Payoneer Global by 17.2% during the third quarter. FMR LLC now owns 1,129,312 shares of the company's stock valued at $8,504,000 after acquiring an additional 165,913 shares during the period. Entropy Technologies LP acquired a new stake in shares of Payoneer Global during the 4th quarter worth approximately $540,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Payoneer Global by 133.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 97,538 shares of the company's stock valued at $990,000 after purchasing an additional 55,766 shares during the period. Institutional investors and hedge funds own 82.22% of the company's stock.

Analyst Ratings Changes

PAYO has been the subject of several recent analyst reports. Wolfe Research downgraded Payoneer Global from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Citigroup boosted their target price on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods dropped their price target on Payoneer Global from $11.00 to $10.00 and set a "market perform" rating on the stock in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research note on Monday, February 3rd. They set a "buy" rating and a $13.00 target price on the stock. Finally, Northland Securities raised their price target on Payoneer Global from $13.00 to $14.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $13.07.

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Payoneer Global Stock Performance

Shares of PAYO stock traded down $0.18 on Friday, hitting $7.25. The company had a trading volume of 1,745,689 shares, compared to its average volume of 2,887,311. Payoneer Global Inc. has a twelve month low of $4.69 and a twelve month high of $11.29. The stock's 50-day moving average is $9.28 and its two-hundred day moving average is $9.30. The firm has a market cap of $2.61 billion, a P/E ratio of 20.71, a P/E/G ratio of 2.88 and a beta of 0.97.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business had revenue of $261.74 million during the quarter, compared to analyst estimates of $242.14 million. During the same period last year, the firm posted $0.05 earnings per share. Equities research analysts predict that Payoneer Global Inc. will post 0.34 EPS for the current year.

Insider Transactions at Payoneer Global

In other news, insider Tsafi Goldman sold 96,350 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total value of $970,244.50. Following the transaction, the insider now owns 741,748 shares in the company, valued at $7,469,402.36. The trade was a 11.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Beatrice Ordonez sold 85,000 shares of the company's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total value of $884,000.00. Following the completion of the transaction, the chief financial officer now owns 2,305,245 shares of the company's stock, valued at $23,974,548. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. 5.57% of the stock is owned by insiders.

Payoneer Global Company Profile

Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.