Robeco Institutional Asset Management B.V. Takes Position in Payoneer Global Inc. (NASDAQ:PAYO)

Robeco Institutional Asset Management B.V. bought a new position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 122,809 shares of the company's stock, valued at approximately $1,233,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Azora Capital LP purchased a new position in shares of Payoneer Global during the 3rd quarter valued at about $31,901,000. Charles Schwab Investment Management Inc. raised its stake in shares of Payoneer Global by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,337,156 shares of the company's stock valued at $17,599,000 after buying an additional 67,255 shares during the last quarter. FMR LLC grew its position in shares of Payoneer Global by 17.2% during the 3rd 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. Nordea Investment Management AB grew its position in shares of Payoneer Global by 4.9% during the 4th quarter. Nordea Investment Management AB now owns 881,026 shares of the company's stock valued at $8,951,000 after acquiring an additional 41,106 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Payoneer Global during the 3rd quarter valued at about $6,064,000. Hedge funds and other institutional investors own 82.22% of the company's stock.

Payoneer Global Stock Down 1.9 %

NASDAQ PAYO traded down $0.21 on Friday, reaching $10.59. The stock had a trading volume of 2,061,716 shares, compared to its average volume of 2,617,811. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 30.26, a P/E/G ratio of 2.98 and a beta of 0.93. Payoneer Global Inc. has a 12-month low of $4.22 and a 12-month high of $11.29. The stock has a fifty day moving average price of $10.37 and a two-hundred day moving average price of $8.81.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.04 by $0.07. The business had revenue of $248.30 million during the quarter, compared to the consensus estimate of $225.44 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The company's quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Sell-side analysts forecast that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Crossover Managemen Technology sold 7,500,000 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $10.32, for a total transaction of $77,400,000.00. Following the completion of the transaction, the insider now owns 34,197,116 shares in the company, valued at approximately $352,914,237.12. The trade was a 17.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Beatrice Ordonez sold 85,000 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total transaction of $884,000.00. Following the transaction, the chief financial officer now owns 2,305,245 shares of the company's stock, valued at approximately $23,974,548. The trade was a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,999,625 shares of company stock worth $82,498,514 over the last 90 days. Corporate insiders own 5.57% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PAYO. Keefe, Bruyette & Woods dropped their target price on Payoneer Global from $12.00 to $11.00 and set a "market perform" rating on the stock in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a report on Monday, February 3rd. They set a "buy" rating and a $13.00 target price on the stock. Northland Securities boosted their target price on Payoneer Global from $13.00 to $14.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. The Goldman Sachs Group boosted their target price on Payoneer Global from $9.00 to $12.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, Benchmark boosted their target price on Payoneer Global from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.00.

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.