OP Asset Management Ltd acquired a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO – Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 310,218 shares of the company’s stock, valued at approximately $1,498,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of PAYO. American Century Companies Inc. increased its stake in Payoneer Global by 10.7% in the 3rd quarter. American Century Companies Inc. now owns 7,326,825 shares of the company’s stock valued at $44,327,000 after buying an additional 707,790 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Payoneer Global by 128.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 638,225 shares of the company’s stock worth $3,861,000 after buying an additional 358,922 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of Payoneer Global during the 3rd quarter worth about $3,349,000. Hsbc Holdings PLC grew its holdings in shares of Payoneer Global by 372.8% in the 4th quarter. Hsbc Holdings PLC now owns 603,407 shares of the company’s stock valued at $3,400,000 after acquiring an additional 475,776 shares in the last quarter. Finally, Tudor Investment Corp ET AL grew its holdings in shares of Payoneer Global by 15.8% in the 3rd quarter. Tudor Investment Corp ET AL now owns 1,065,357 shares of the company’s stock valued at $6,445,000 after acquiring an additional 145,084 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.
Insider Transactions at Payoneer Global
In other news, CFO Beatrice Ordonez sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $7.01, for a total value of $175,250.00. Following the completion of the sale, the chief financial officer directly owned 2,887,266 shares of the company’s stock, valued at $20,239,734.66. This trade represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.06% of the stock is owned by corporate insiders.
Analyst Ratings Changes
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Payoneer Global Price Performance
Payoneer Global stock opened at $7.09 on Tuesday. The firm has a market capitalization of $2.37 billion, a PE ratio of 35.45, a P/E/G ratio of 0.76 and a beta of 1.02. The company’s 50-day moving average is $5.62 and its 200-day moving average is $5.42. Payoneer Global Inc. has a fifty-two week low of $4.08 and a fifty-two week high of $7.66.
Payoneer Global (NASDAQ:PAYO – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. The business had revenue of $261.60 million during the quarter, compared to the consensus estimate of $255.12 million. During the same period last year, the business posted $0.05 EPS. Payoneer Global’s revenue was up 6.1% on a year-over-year basis. As a group, analysts expect that Payoneer Global Inc. will post 0.27 EPS for the current year.
About Payoneer Global
Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.
Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.
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