Payoneer Global Inc. (NASDAQ:PAYO) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its position in Payoneer Global Inc. (NASDAQ:PAYO) by 4.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 329,144 shares of the company’s stock after selling 14,461 shares during the period. Janus Henderson Group PLC owned about 0.09% of Payoneer Global worth $2,479,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of Payoneer Global by 17.1% during the 2nd quarter. Victory Capital Management Inc. now owns 4,417,785 shares of the company’s stock worth $24,475,000 after purchasing an additional 645,887 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Payoneer Global during the 3rd quarter worth about $1,509,000. Quest Partners LLC acquired a new position in shares of Payoneer Global during the 3rd quarter worth about $415,000. Charles Schwab Investment Management Inc. raised its position 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 worth $17,599,000 after purchasing an additional 67,255 shares during the last quarter. Finally, Great Lakes Advisors LLC raised its position in shares of Payoneer Global by 172.1% during the 2nd quarter. Great Lakes Advisors LLC now owns 763,037 shares of the company’s stock worth $4,227,000 after purchasing an additional 482,590 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Insider Transactions at Payoneer Global

In other news, insider Crossover Managemen Technology sold 7,500,000 shares of Payoneer Global 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 sale, the insider now directly owns 34,197,116 shares of the company’s stock, valued at approximately $352,914,237.12. The trade was a 17.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Itai Perry sold 4,100 shares of Payoneer Global stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $8.00, for a total transaction of $32,800.00. Following the sale, the chief accounting officer now directly owns 228,738 shares of the company’s stock, valued at approximately $1,829,904. This trade represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,826,275 shares of company stock valued at $80,708,269. Insiders own 5.57% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on PAYO. Needham & Company LLC upped their price target on shares of Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Benchmark increased their price objective on shares of Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods downgraded shares of Payoneer Global from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a report on Monday. Northland Securities increased their price target on shares of Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group increased their price target on shares of Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $11.36.

Payoneer Global Stock Down 0.5 %

NASDAQ:PAYO opened at $10.31 on Friday. The company has a fifty day simple moving average of $9.56 and a two-hundred day simple moving average of $7.44. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 29.46 and a beta of 0.90. Payoneer Global Inc. has a 52 week low of $4.22 and a 52 week high of $11.29.

Payoneer Global (NASDAQ:PAYO) 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. On average, analysts expect that Payoneer Global Inc. will post 0.32 EPS for the current 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.