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

Victory Capital Management Inc. grew its position in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,618,682 shares of the company’s stock after buying an additional 320,108 shares during the period. Victory Capital Management Inc. owned about 1.55% of Payoneer Global worth $29,273,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PAYO. New York State Common Retirement Fund grew its position in Payoneer Global by 2.2% in the 3rd quarter. New York State Common Retirement Fund now owns 92,563 shares of the company’s stock worth $566,000 after purchasing an additional 2,007 shares during the last quarter. Yousif Capital Management LLC increased its position in shares of Payoneer Global by 1.8% during the 4th quarter. Yousif Capital Management LLC now owns 129,060 shares of the company’s stock valued at $672,000 after purchasing an additional 2,320 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Payoneer Global by 74.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,241 shares of the company’s stock worth $50,000 after buying an additional 3,512 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Payoneer Global by 6.8% in the third quarter. Van ECK Associates Corp now owns 57,430 shares of the company’s stock valued at $351,000 after buying an additional 3,653 shares during the period. Finally, Mutual of America Capital Management LLC boosted its stake in Payoneer Global by 13.2% during the third quarter. Mutual of America Capital Management LLC now owns 45,322 shares of the company’s stock valued at $277,000 after buying an additional 5,276 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Trading Up 0.4 %

NASDAQ PAYO opened at $5.22 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.03. Payoneer Global Inc. has a 1-year low of $4.02 and a 1-year high of $6.48. The firm’s fifty day simple moving average is $4.80 and its 200-day simple moving average is $5.06. The company has a market capitalization of $1.92 billion, a PE ratio of 21.75 and a beta of 0.77.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate 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 return on equity of 14.80% and a net margin of 11.23%. As a group, sell-side analysts anticipate that Payoneer Global Inc. will post 0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Transactions at Payoneer Global

In other news, insider Tsafi Goldman sold 61,464 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $5.43, for a total transaction of $333,749.52. Following the completion of the sale, the insider now owns 870,832 shares in the company, valued at approximately $4,728,617.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Tsafi Goldman sold 61,464 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $5.43, for a total value of $333,749.52. Following the transaction, the insider now directly owns 870,832 shares of the company’s stock, valued at approximately $4,728,617.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott H. Galit sold 16,697 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $5.39, for a total value of $89,996.83. Following the sale, the director now directly owns 3,156,731 shares of the company’s stock, valued at approximately $17,014,780.09. The disclosure for this sale can be found here. Insiders have sold a total of 1,231,424 shares of company stock worth $5,865,310 in the last 90 days. 5.57% of the stock is owned by insiders.

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.