Fiera Capital Corp Makes New $12.10 Million Investment in Payoneer Global Inc. (NASDAQ:PAYO)

Fiera Capital Corp acquired a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,655,488 shares of the company's stock, valued at approximately $12,102,000. Fiera Capital Corp owned approximately 0.46% of Payoneer Global at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. raised its position in Payoneer Global by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 1,593,475 shares of the company's stock worth $11,648,000 after purchasing an additional 44,087 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Payoneer Global by 2,262.5% in the first quarter. SG Americas Securities LLC now owns 1,215,581 shares of the company's stock valued at $8,886,000 after acquiring an additional 1,164,128 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Payoneer Global by 559.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,480 shares of the company's stock valued at $62,000 after purchasing an additional 7,195 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Payoneer Global by 23.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 715,857 shares of the company's stock worth $7,187,000 after buying an additional 135,730 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Payoneer Global by 16.6% in the fourth quarter. Invesco Ltd. now owns 991,268 shares of the company's stock valued at $9,952,000 after acquiring an additional 141,376 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company's stock.

Insider Activity

In related news, Director Susanna Morgan sold 16,180 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $6.77, for a total transaction of $109,538.60. Following the transaction, the director directly owned 80,902 shares of the company's stock, valued at approximately $547,706.54. The trade was a 16.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.58% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on PAYO shares. Needham & Company LLC cut their target price on Payoneer Global from $14.00 to $8.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. The Goldman Sachs Group decreased their price target on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research note on Thursday, July 17th. They issued a "buy" rating and a $8.00 target price for the company. Keefe, Bruyette & Woods raised shares of Payoneer Global from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $7.00 to $9.00 in a research note on Tuesday, May 13th. Finally, Jefferies Financial Group boosted their price target on Payoneer Global from $8.00 to $8.50 and gave the company a "buy" rating in a report on Tuesday, May 27th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $9.81.

Payoneer Global Trading Up 0.8%

Shares of Payoneer Global stock traded up $0.05 on Wednesday, reaching $6.66. 3,098,766 shares of the company were exchanged, compared to its average volume of 2,181,941. The company has a 50-day moving average of $6.78 and a 200 day moving average of $7.74. Payoneer Global Inc. has a one year low of $5.03 and a one year high of $11.29. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 22.20 and a beta of 0.98.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). Payoneer Global had a net margin of 11.32% and a return on equity of 15.70%. The firm had revenue of $246.62 million during the quarter, compared to the consensus estimate of $244.52 million. During the same period in the previous year, the company posted $0.08 earnings per share. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. Analysts predict that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

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.