Payoneer Global Inc. (NASDAQ:PAYO) Stock Position Raised by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 200.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,470,347 shares of the company's stock after purchasing an additional 2,313,481 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.97% of Payoneer Global worth $34,842,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. American Century Companies Inc. boosted its stake in Payoneer Global by 24.8% during the 4th quarter. American Century Companies Inc. now owns 8,166,652 shares of the company's stock valued at $81,993,000 after purchasing an additional 1,624,948 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Payoneer Global by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,428,185 shares of the company's stock valued at $24,379,000 after buying an additional 91,029 shares during the period. Norges Bank bought a new position in Payoneer Global during the fourth quarter valued at about $18,130,000. Principal Financial Group Inc. boosted its stake in Payoneer Global by 5.9% during the fourth quarter. Principal Financial Group Inc. now owns 1,549,388 shares of the company's stock valued at $15,556,000 after buying an additional 86,620 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Payoneer Global by 414.4% during the fourth quarter. JPMorgan Chase & Co. now owns 1,162,304 shares of the company's stock worth $11,670,000 after acquiring an additional 936,345 shares during the period. Institutional investors and hedge funds own 82.22% of the company's stock.

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Insider Buying and Selling

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer now owns 2,305,245 shares in the company, valued at approximately $23,974,548. This represents a 3.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.57% of the stock is currently owned by corporate insiders.

Payoneer Global Trading Down 0.5 %

NASDAQ:PAYO traded down $0.03 during trading hours on Monday, hitting $6.18. 6,992,922 shares of the stock traded hands, compared to its average volume of 2,940,436. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 2.88 and a beta of 1.02. The firm has a 50 day moving average price of $8.80 and a 200 day moving average price of $9.30. Payoneer Global Inc. has a fifty-two week low of $4.69 and a fifty-two week high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share 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 for the quarter, compared to analyst estimates of $242.14 million. During the same period in the previous year, the firm posted $0.05 earnings per share. Research analysts predict that Payoneer Global Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PAYO shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Payoneer Global in a research report on Monday, February 3rd. They set a "buy" rating and a $13.00 price objective for the company. Citigroup raised 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. Wolfe Research lowered shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods cut their price objective on Payoneer Global from $10.00 to $8.00 and set a "market perform" rating for the company in a research report on Monday, March 31st. Finally, The Goldman Sachs Group decreased their target price on Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $12.36.

About Payoneer Global

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.