Everence Capital Management Inc. decreased its position in Payoneer Global Inc. (NASDAQ:PAYO – Free Report) by 41.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,400 shares of the company’s stock after selling 14,470 shares during the period. Everence Capital Management Inc.’s holdings in Payoneer Global were worth $205,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. AXA S.A. grew its stake in Payoneer Global by 1,394.5% in the second quarter. AXA S.A. now owns 14,176,485 shares of the company’s stock valued at $78,538,000 after acquiring an additional 13,227,884 shares during the period. Azora Capital LP bought a new position in shares of Payoneer Global during the 3rd quarter valued at about $31,901,000. Legion Partners Asset Management LLC acquired a new position in shares of Payoneer Global in the 2nd quarter valued at approximately $12,360,000. American Century Companies Inc. increased its stake in Payoneer Global by 241.5% during the 2nd quarter. American Century Companies Inc. now owns 1,643,744 shares of the company’s stock worth $9,106,000 after purchasing an additional 1,162,481 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Payoneer Global by 17.3% during the 2nd quarter. Millennium Management LLC now owns 6,764,016 shares of the company’s stock worth $37,473,000 after buying an additional 995,366 shares during the period. Institutional investors own 82.22% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on PAYO. Keefe, Bruyette & Woods lowered their price objective on shares of Payoneer Global from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Monday. Wolfe Research cut Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday. Northland Securities boosted their price target on Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Friday, December 6th. The Goldman Sachs Group increased their price objective 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 company a “buy” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Payoneer Global presently has an average rating of “Moderate Buy” and a consensus target price of $11.21.
Payoneer Global Stock Performance
Shares of NASDAQ PAYO opened at $10.07 on Thursday. The stock has a market capitalization of $3.59 billion, a PE ratio of 28.77 and a beta of 0.92. Payoneer Global Inc. has a 52 week low of $4.22 and a 52 week high of $11.29. The stock has a 50 day moving average price of $10.33 and a 200 day moving average price of $8.04.
Payoneer Global (NASDAQ:PAYO – Get Free Report) last released its earnings results 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. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business had revenue of $248.30 million during the quarter, compared to analysts’ expectations of $225.44 million. During the same period last year, the business earned $0.05 earnings per share. The firm’s revenue was up 19.4% on a year-over-year basis. As a group, research analysts forecast that Payoneer Global Inc. will post 0.35 EPS for the current year.
Insider Transactions at Payoneer Global
In related news, insider Crossover Managemen Technology sold 7,500,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $10.32, for a total value of $77,400,000.00. Following the sale, the insider now owns 34,197,116 shares in the company, valued at approximately $352,914,237.12. This represents a 17.99 % decrease in their position. The transaction was disclosed in a legal filing 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 transaction, 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. Insiders have sold 7,918,725 shares of company stock worth $81,647,314 in the last ninety days. Insiders own 5.57% of the company’s stock.
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.
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