Charles Schwab Investment Management Inc. Has $24.38 Million Stock Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

Charles Schwab Investment Management Inc. raised its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,428,185 shares of the company’s stock after purchasing an additional 91,029 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Payoneer Global were worth $24,379,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its holdings in shares of Payoneer Global by 405.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company’s stock valued at $38,000 after purchasing an additional 3,064 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of Payoneer Global by 5.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 142,298 shares of the company’s stock valued at $1,429,000 after purchasing an additional 7,212 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Payoneer Global in the 4th quarter valued at $1,276,000. Leuthold Group LLC acquired a new stake in shares of Payoneer Global in the 4th quarter valued at $227,000. Finally, Meitav Investment House Ltd. bought a new position in shares of Payoneer Global in the 4th quarter valued at $174,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Stock Down 0.1 %

Shares of NASDAQ:PAYO opened at $7.30 on Wednesday. The firm has a market cap of $2.63 billion, a P/E ratio of 20.86, a P/E/G ratio of 2.88 and a beta of 0.97. Payoneer Global Inc. has a 12-month low of $4.48 and a 12-month high of $11.29. The business has a fifty day simple moving average of $9.64 and a 200 day simple moving average of $9.30.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.14 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. During the same period in the prior year, the business earned $0.05 earnings per share. As a group, equities research analysts expect that Payoneer Global Inc. will post 0.34 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on PAYO. Keefe, Bruyette & Woods dropped their price target on Payoneer Global from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a research note on Monday, February 3rd. They issued a “buy” rating and a $13.00 price target for the company. Wolfe Research cut Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Citigroup increased their price target on Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Finally, Northland Securities increased their price target on Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Payoneer Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.07.

Insiders Place Their Bets

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total transaction of $884,000.00. Following the completion of the sale, the chief financial officer now directly owns 2,305,245 shares in the company, valued at approximately $23,974,548. This trade represents a 3.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tsafi Goldman sold 96,350 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total value of $970,244.50. Following the sale, the insider now owns 741,748 shares of the company’s stock, valued at approximately $7,469,402.36. The trade was a 11.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.