Integrated Quantitative Investments LLC Acquires Shares of 104,709 Payoneer Global Inc. (NASDAQ:PAYO)

Integrated Quantitative Investments LLC purchased a new stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 104,709 shares of the company's stock, valued at approximately $1,051,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in Payoneer Global by 21.2% in the 4th quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock valued at $54,000 after acquiring an additional 940 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in Payoneer Global by 1.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 86,467 shares of the company's stock worth $868,000 after buying an additional 1,002 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Payoneer Global by 29.3% during the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock worth $45,000 after buying an additional 1,016 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Payoneer Global by 1.0% in the 4th quarter. State of Alaska Department of Revenue now owns 145,923 shares of the company's stock valued at $1,465,000 after acquiring an additional 1,498 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Payoneer Global by 1.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 124,100 shares of the company's stock valued at $1,246,000 after acquiring an additional 1,700 shares during the last quarter. 82.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in 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 shares of Payoneer Global in a research report on Monday, February 3rd. They issued a "buy" rating and a $13.00 price target for the company. Wolfe Research cut shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their target price on Payoneer Global from $10.00 to $8.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. Finally, The Goldman Sachs Group reduced their price target on Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.36.

Insider Transactions at Payoneer Global

In related news, CFO Beatrice Ordonez sold 85,000 shares of the firm's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total transaction of $884,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,305,245 shares of the company's stock, valued at approximately $23,974,548. This trade represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.57% of the stock is currently owned by company insiders.

Payoneer Global Price Performance

Shares of PAYO traded up $0.07 during midday trading on Wednesday, hitting $5.97. 1,664,075 shares of the company traded hands, compared to its average volume of 3,365,955. The stock has a 50-day moving average of $8.61 and a 200-day moving average of $9.27. Payoneer Global Inc. has a one year low of $4.69 and a one year high of $11.29. The firm has a market cap of $2.15 billion, a P/E ratio of 17.10, a PEG ratio of 2.88 and a beta of 1.02.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its 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 return on equity of 17.78% and a net margin of 13.82%. The company had revenue of $261.74 million during the quarter, compared to analysts' expectations of $242.14 million. During the same quarter last year, the firm posted $0.05 earnings per share. Sell-side analysts forecast that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

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.