Nuveen LLC Acquires Shares of 3,833,503 Payoneer Global Inc. $PAYO

Nuveen LLC acquired a new position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,833,503 shares of the company's stock, valued at approximately $28,023,000. Nuveen LLC owned approximately 1.07% of Payoneer Global at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PAYO. Susquehanna Capital Management LLC increased its position in shares of Payoneer Global by 290.3% in the fourth quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company's stock valued at $253,700,000 after buying an additional 18,794,047 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Payoneer Global by 12.1% during the first quarter. Vanguard Group Inc. now owns 33,881,608 shares of the company's stock worth $247,675,000 after purchasing an additional 3,656,056 shares in the last quarter. Deutsche Bank AG increased its position in shares of Payoneer Global by 252.8% during the fourth quarter. Deutsche Bank AG now owns 2,779,110 shares of the company's stock worth $27,902,000 after purchasing an additional 1,991,449 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Payoneer Global during the fourth quarter worth approximately $19,305,000. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Payoneer Global by 1,065.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,081,589 shares of the company's stock worth $20,899,000 after purchasing an additional 1,902,925 shares in the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Payoneer Global

In other news, Director Susanna Morgan sold 16,180 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $6.77, for a total transaction of $109,538.60. Following the sale, the director owned 80,902 shares of the company's stock, valued at approximately $547,706.54. This represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.58% of the stock is owned by company insiders.

Payoneer Global Stock Performance

Shares of Payoneer Global stock traded up $0.0050 during trading hours on Thursday, hitting $6.6550. The company's stock had a trading volume of 1,708,316 shares, compared to its average volume of 3,395,655. Payoneer Global Inc. has a twelve month low of $5.71 and a twelve month high of $11.29. The firm has a fifty day moving average of $6.74 and a 200-day moving average of $7.35. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 25.60, a P/E/G ratio of 8.83 and a beta of 0.97.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a net margin of 9.81% and a return on equity of 13.42%. The business had revenue of $260.61 million during the quarter, compared to analyst estimates of $253.17 million. During the same period last year, the company earned $0.09 EPS. The business's revenue for the quarter was up 8.8% on a year-over-year basis. On average, sell-side analysts expect that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on PAYO. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a research report on Thursday, July 17th. They set a "buy" rating and a $8.00 price target for the company. Wall Street Zen upgraded Payoneer Global from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Needham & Company LLC boosted their price target on Payoneer Global from $8.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Jefferies Financial Group boosted their price objective on Payoneer Global from $8.00 to $8.50 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Finally, Keefe, Bruyette & Woods raised Payoneer Global from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $7.00 to $9.00 in a research note on Tuesday, May 13th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Payoneer Global presently has an average rating of "Moderate Buy" and a consensus target price of $10.06.

Payoneer Global Company 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.