Yousif Capital Management LLC Increases Stock Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

Yousif Capital Management LLC increased its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 129,060 shares of the company’s stock after purchasing an additional 2,320 shares during the quarter. Yousif Capital Management LLC’s holdings in Payoneer Global were worth $672,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Payoneer Global by 4.4% in the third quarter. Vanguard Group Inc. now owns 27,791,663 shares of the company’s stock valued at $170,085,000 after buying an additional 1,166,894 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Payoneer Global by 23.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,075,139 shares of the company’s stock worth $12,700,000 after purchasing an additional 399,873 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new position in shares of Payoneer Global during the 3rd quarter worth $723,000. Principal Financial Group Inc. increased its holdings in shares of Payoneer Global by 20.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,500,980 shares of the company’s stock valued at $9,186,000 after purchasing an additional 253,833 shares in the last quarter. Finally, Capula Management Ltd acquired a new stake in shares of Payoneer Global in the third quarter valued at about $1,083,000. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Payoneer Global

In other news, Director Scott H. Galit sold 12,447 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $4.88, for a total transaction of $60,741.36. Following the sale, the director now owns 3,190,571 shares in the company, valued at $15,569,986.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Scott H. Galit sold 12,447 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $4.88, for a total transaction of $60,741.36. Following the completion of the transaction, the director now owns 3,190,571 shares of the company’s stock, valued at $15,569,986.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott H. Galit sold 16,697 shares of Payoneer Global stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $5.39, for a total value of $89,996.83. Following the completion of the transaction, the director now owns 3,156,731 shares in the company, valued at approximately $17,014,780.09. The disclosure for this sale can be found here. In the last three months, insiders sold 1,231,650 shares of company stock worth $5,862,136. Insiders own 5.57% of the company’s stock.

Payoneer Global Stock Up 1.6 %

Shares of NASDAQ:PAYO opened at $5.08 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.87 billion, a P/E ratio of 21.17 and a beta of 0.77. Payoneer Global Inc. has a 52-week low of $4.02 and a 52-week high of $6.48. The stock’s fifty day simple moving average is $4.81 and its 200-day simple moving average is $5.07.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $224.32 million for the quarter, compared to analyst estimates of $223.65 million. Payoneer Global had a net margin of 11.23% and a return on equity of 14.80%. As a group, equities research analysts forecast that Payoneer Global Inc. will post 0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods lowered their target price on shares of Payoneer Global from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. The Goldman Sachs Group reduced their price objective on Payoneer Global from $7.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, January 11th. Citigroup lowered their target price on Payoneer Global from $7.50 to $6.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Benchmark restated a “buy” rating and issued a $7.00 price target on shares of Payoneer Global in a research report on Tuesday, March 26th. Finally, Needham & Company LLC decreased their price objective on shares of Payoneer Global from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, April 1st. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $6.57.

About Payoneer Global

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.