Great Lakes Advisors LLC Sells 210,819 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Great Lakes Advisors LLC lessened its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 25.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 603,009 shares of the company's stock after selling 210,819 shares during the quarter. Great Lakes Advisors LLC owned 0.17% of Payoneer Global worth $6,054,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of Payoneer Global by 21.2% during the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock valued at $54,000 after acquiring an additional 940 shares during the period. Fifth Third Bancorp lifted its holdings in Payoneer Global by 29.3% during the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock valued at $45,000 after purchasing an additional 1,016 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Payoneer Global by 1.0% in the fourth quarter. State of Alaska Department of Revenue now owns 145,923 shares of the company's stock valued at $1,465,000 after buying an additional 1,498 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Payoneer Global by 1.4% during the fourth quarter. Louisiana State Employees Retirement System now owns 124,100 shares of the company's stock worth $1,246,000 after buying an additional 1,700 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Payoneer Global by 1.2% during the third quarter. The Manufacturers Life Insurance Company now owns 165,996 shares of the company's stock worth $1,250,000 after buying an additional 1,907 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on PAYO shares. Citigroup boosted their target price on Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research note on Monday, February 3rd. They issued a "buy" rating and a $13.00 price objective on the stock. Wolfe Research lowered Payoneer Global from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Northland Securities upped their price target on shares of Payoneer Global from $13.00 to $14.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Payoneer Global from $11.00 to $10.00 and set a "market perform" rating for the company in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $13.07.

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Payoneer Global Trading Down 1.8 %

Shares of NASDAQ:PAYO opened at $7.10 on Friday. Payoneer Global Inc. has a 1-year low of $4.22 and a 1-year high of $11.29. The stock has a market capitalization of $2.55 billion, a P/E ratio of 20.29, a P/E/G ratio of 2.88 and a beta of 0.97. The business has a 50-day moving average price of $9.82 and a two-hundred day moving average price of $9.27.

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 analysts' consensus estimates of $0.06 by ($0.01). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.14 million. During the same period last year, the firm earned $0.05 earnings per share. As a group, equities analysts predict that Payoneer Global Inc. will post 0.34 EPS for the current year.

Insider Transactions at Payoneer Global

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 completion of the sale, the chief financial officer now owns 2,305,245 shares of the company's stock, valued at approximately $23,974,548. This represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tsafi Goldman sold 96,350 shares of Payoneer Global stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total transaction of $970,244.50. Following the transaction, the insider now directly owns 741,748 shares in the company, valued at approximately $7,469,402.36. This represents a 11.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.57% of the stock is owned by corporate insiders.

Payoneer Global 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.

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