553,557 Shares in Payoneer Global Inc. $PAYO Purchased by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd acquired a new stake of 553,557 shares in Payoneer Global (NASDAQ:PAYO) during Q3, valued at approximately $3,349,000, representing about 0.15% of the company.
• Analysts have trimmed price targets recently (many cuts to the $7–8 range), though Payoneer still carries a consensus rating of "Moderate Buy" with an average target of $8.00.
• Payoneer missed recent quarterly estimates (EPS $0.05 vs. $0.06 expected; revenue $274.7M vs. $282.8M expected), its shares trade near the lower end of the 52-week range (open $4.67; low $4.08, high $7.97), and market cap is about $1.66B.

WINTON GROUP Ltd acquired a new stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 553,557 shares of the company's stock, valued at approximately $3,349,000. WINTON GROUP Ltd owned 0.15% of Payoneer Global at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PAYO. Inceptionr LLC purchased a new position in shares of Payoneer Global during the 3rd quarter valued at approximately $594,000. Dynamic Technology Lab Private Ltd increased its holdings in Payoneer Global by 293.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 196,666 shares of the company's stock worth $1,190,000 after acquiring an additional 146,633 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Payoneer Global by 3.2% during the third quarter. Dimensional Fund Advisors LP now owns 7,309,436 shares of the company's stock worth $44,229,000 after acquiring an additional 224,287 shares during the period. 111 Capital purchased a new position in Payoneer Global during the third quarter valued at $130,000. Finally, American Century Companies Inc. lifted its holdings in Payoneer Global by 10.7% during the third quarter. American Century Companies Inc. now owns 7,326,825 shares of the company's stock valued at $44,327,000 after purchasing an additional 707,790 shares in the last quarter. 82.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PAYO has been the subject of a number of research reports. Keefe, Bruyette & Woods cut their target price on shares of Payoneer Global from $7.50 to $7.00 and set an "outperform" rating for the company in a research note on Friday, February 27th. Wall Street Zen lowered shares of Payoneer Global from a "hold" rating to a "sell" rating in a research note on Saturday. Benchmark lowered their price objective on Payoneer Global from $10.00 to $7.00 and set a "buy" rating on the stock in a report on Friday, March 6th. Needham & Company LLC cut their price objective on Payoneer Global from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Payoneer Global in a report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Payoneer Global presently has a consensus rating of "Moderate Buy" and an average target price of $8.00.

Payoneer Global Stock Down 0.8%

Shares of PAYO opened at $4.67 on Wednesday. Payoneer Global Inc. has a 52-week low of $4.08 and a 52-week high of $7.97. The stock has a fifty day simple moving average of $5.47 and a two-hundred day simple moving average of $5.83. The company has a market capitalization of $1.66 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 0.58 and a beta of 1.09.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $274.69 million during the quarter, compared to analysts' expectations of $282.79 million. Payoneer Global had a net margin of 6.95% and a return on equity of 10.89%. The business's quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $0.05 EPS. As a group, equities analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal 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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