Vanguard Group Inc. cut its position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,225,552 shares of the company's stock after selling 1,087,875 shares during the period. Vanguard Group Inc. owned approximately 8.48% of Payoneer Global worth $303,465,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of PAYO. LPL Financial LLC increased its holdings in Payoneer Global by 14.4% in the 4th quarter. LPL Financial LLC now owns 33,520 shares of the company's stock worth $337,000 after buying an additional 4,230 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Payoneer Global during the fourth quarter worth $648,000. American Century Companies Inc. lifted its position in Payoneer Global by 24.8% during the fourth 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 period. Quantbot Technologies LP acquired a new position in Payoneer Global during the fourth quarter valued at $331,000. Finally, Teacher Retirement System of Texas boosted its holdings in Payoneer Global by 2,279.5% in the fourth quarter. Teacher Retirement System of Texas now owns 289,963 shares of the company's stock valued at $2,911,000 after purchasing an additional 277,777 shares during the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Wolfe Research downgraded Payoneer Global from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Citigroup raised their price objective on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. The Goldman Sachs Group lowered their price target on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a report on Monday, February 3rd. They issued a "buy" rating and a $13.00 price objective for the company. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Payoneer Global from $10.00 to $8.00 and set a "market perform" rating on the stock in a research note on Monday, March 31st. 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 company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $12.36.
Read Our Latest Stock Report on PAYO
Insider Buying and Selling at Payoneer Global
In other news, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction dated 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 directly owns 2,305,245 shares in the company, valued at $23,974,548. This represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.57% of the stock is currently owned by insiders.
Payoneer Global Stock Down 4.5 %
Shares of NASDAQ PAYO traded down $0.28 during trading on Tuesday, hitting $5.90. The company had a trading volume of 5,026,316 shares, compared to its average volume of 2,955,200. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 2.88 and a beta of 1.02. The stock has a fifty day simple moving average of $8.61 and a two-hundred day simple moving average of $9.27. 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 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 firm had revenue of $261.74 million during the quarter, compared to analyst estimates of $242.14 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. On average, analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current year.
About Payoneer Global
(
Free Report)
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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