Payoneer Global Inc. (NASDAQ:PAYO) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,138,120 shares of the company's stock after selling 279,665 shares during the period. Victory Capital Management Inc. owned 1.08% of Payoneer Global worth $31,160,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Swiss National Bank raised its stake in shares of Payoneer Global by 0.9% during the 1st quarter. Swiss National Bank now owns 535,700 shares of the company's stock valued at $2,604,000 after buying an additional 4,800 shares during the last quarter. Sei Investments Co. increased its holdings in Payoneer Global by 7.3% in the first quarter. Sei Investments Co. now owns 174,824 shares of the company's stock valued at $850,000 after buying an additional 11,907 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Payoneer Global by 7.5% in the first quarter. ProShare Advisors LLC now owns 53,333 shares of the company's stock worth $259,000 after acquiring an additional 3,730 shares during the period. SageView Advisory Group LLC purchased a new stake in shares of Payoneer Global during the 1st quarter worth about $39,000. Finally, UniSuper Management Pty Ltd acquired a new stake in shares of Payoneer Global during the 1st quarter valued at about $310,000. 82.22% of the stock is owned by hedge funds and other institutional investors.

Payoneer Global Stock Performance

PAYO traded up $0.04 during trading on Friday, hitting $10.37. The stock had a trading volume of 3,190,883 shares, compared to its average volume of 3,876,680. Payoneer Global Inc. has a twelve month low of $4.22 and a twelve month high of $10.90. The firm has a market capitalization of $3.96 billion, a P/E ratio of 29.63 and a beta of 0.82. The company's 50-day moving average price is $8.34 and its 200 day moving average price is $6.79.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. The firm had revenue of $248.30 million during the quarter, compared to the consensus estimate of $225.44 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. Payoneer Global's quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the business posted $0.05 EPS. As a group, equities analysts expect that Payoneer Global Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Itai Perry sold 3,900 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $8.00, for a total transaction of $31,200.00. Following the completion of the sale, the chief accounting officer now owns 228,738 shares of the company's stock, valued at approximately $1,829,904. This represents a 1.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Crossover Managemen Technology sold 7,500,000 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $10.32, for a total transaction of $77,400,000.00. Following the sale, the insider now owns 34,197,116 shares of the company's stock, valued at approximately $352,914,237.12. This represents a 17.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,658,000 shares of company stock worth $78,524,500. 5.57% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PAYO has been the subject of a number of research analyst reports. Citigroup increased their target price on Payoneer Global from $7.00 to $8.50 and gave the company a "buy" rating in a report on Monday, August 12th. The Goldman Sachs Group lifted their price target on shares of Payoneer Global from $9.00 to $12.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Cantor Fitzgerald raised Payoneer Global to a "strong-buy" rating in a research note on Monday, August 12th. Keefe, Bruyette & Woods upped their target price on shares of Payoneer Global from $9.00 to $12.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Finally, Benchmark upped their price target on Payoneer Global from $10.00 to $12.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $10.79.

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.