Canada Pension Plan Investment Board Invests $3.06 Million in Payoneer Global Inc. (NASDAQ:PAYO)

Canada Pension Plan Investment Board bought a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 304,900 shares of the company's stock, valued at approximately $3,061,000. Canada Pension Plan Investment Board owned approximately 0.09% of Payoneer Global at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. American Century Companies Inc. grew its holdings in shares of Payoneer Global by 24.8% during the fourth quarter. American Century Companies Inc. now owns 8,166,652 shares of the company's stock worth $81,993,000 after purchasing an additional 1,624,948 shares in the last quarter. Geode Capital Management LLC boosted its stake in Payoneer Global by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 6,777,377 shares of the company's stock worth $68,059,000 after buying an additional 156,252 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Payoneer Global by 15.4% in the fourth quarter. Renaissance Technologies LLC now owns 5,126,300 shares of the company's stock worth $51,468,000 after buying an additional 685,395 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Payoneer Global by 200.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company's stock worth $34,842,000 after buying an additional 2,313,481 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Payoneer Global by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,428,185 shares of the company's stock worth $24,379,000 after buying an additional 91,029 shares in the last quarter. Hedge funds and other institutional investors own 82.22% of the company's stock.

Payoneer Global Trading Down 0.3 %

PAYO traded down $0.02 during trading on Monday, reaching $6.95. The stock had a trading volume of 2,553,382 shares, compared to its average volume of 3,055,573. The stock's 50 day moving average is $7.38 and its two-hundred day moving average is $9.14. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 2.88 and a beta of 1.02. Payoneer Global Inc. has a one year low of $4.90 and a one year high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The firm had revenue of $261.74 million during 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 quarter last year, the company posted $0.05 EPS. On average, equities research analysts predict that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on PAYO shares. Keefe, Bruyette & Woods cut their target price on Payoneer Global from $10.00 to $8.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. The Goldman Sachs Group dropped their price objective on Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Citigroup increased their price objective on Payoneer Global from $14.50 to $16.50 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a report on Monday, February 3rd. They set a "buy" rating and a $13.00 target price for the company. Finally, Wolfe Research downgraded Payoneer Global from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $12.36.

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.