Invesco Ltd. Grows Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

Invesco Ltd. grew its holdings in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 16.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 991,268 shares of the company's stock after purchasing an additional 141,376 shares during the quarter. Invesco Ltd. owned approximately 0.28% of Payoneer Global worth $9,952,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of Payoneer Global by 200.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company's stock worth $34,842,000 after acquiring an additional 2,313,481 shares during the last quarter. Norges Bank purchased a new stake in Payoneer Global during the 4th quarter worth about $18,130,000. American Century Companies Inc. raised its stake in Payoneer Global by 24.8% in 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 during the last quarter. JPMorgan Chase & Co. lifted its holdings in Payoneer Global by 414.4% in the 4th quarter. JPMorgan Chase & Co. now owns 1,162,304 shares of the company's stock valued at $11,670,000 after purchasing an additional 936,345 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in Payoneer Global in the 3rd quarter valued at about $6,064,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PAYO shares. Citigroup boosted their price objective on shares of Payoneer Global from $14.50 to $16.50 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods lowered their target price on shares of 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. Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a research note on Monday, February 3rd. They set a "buy" rating and a $13.00 price target on the stock. Wolfe Research downgraded Payoneer Global from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group dropped their target price on Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $12.36.

Payoneer Global Stock Up 1.2 %

Shares of NASDAQ PAYO traded up $0.08 during midday trading on Friday, hitting $6.97. The stock had a trading volume of 1,841,833 shares, compared to its average volume of 3,055,258. The company has a fifty day moving average price of $7.46 and a 200 day moving average price of $9.13. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 2.88 and a beta of 1.02. Payoneer Global Inc. has a 1-year low of $4.90 and a 1-year high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its quarterly earnings data 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 business had revenue of $261.74 million during the quarter, compared to analyst estimates of $242.14 million. During the same period in the previous year, the company earned $0.05 EPS. On average, research analysts forecast that Payoneer Global Inc. will post 0.34 EPS for the current year.

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.