OMERS ADMINISTRATION Corp Sells 141,441 Shares of Payoneer Global Inc. $PAYO

OMERS ADMINISTRATION Corp cut its holdings in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 38.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 224,200 shares of the company's stock after selling 141,441 shares during the period. OMERS ADMINISTRATION Corp owned approximately 0.07% of Payoneer Global worth $1,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Osaic Holdings Inc. lifted its stake in shares of Payoneer Global by 246.5% in the 2nd quarter. Osaic Holdings Inc. now owns 4,636 shares of the company's stock valued at $33,000 after acquiring an additional 3,298 shares during the last quarter. Leonteq Securities AG grew its position in Payoneer Global by 72.0% during the 1st quarter. Leonteq Securities AG now owns 6,496 shares of the company's stock worth $31,000 after acquiring an additional 2,720 shares during the last quarter. CWM LLC increased its stake in Payoneer Global by 178.6% in the 4th quarter. CWM LLC now owns 9,384 shares of the company's stock worth $53,000 after purchasing an additional 6,016 shares during the period. Resonant Capital Advisors LLC bought a new stake in Payoneer Global in the first quarter valued at approximately $49,000. Finally, Vident Advisory LLC bought a new stake in Payoneer Global in the fourth quarter valued at approximately $58,000. 82.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on PAYO. Wall Street Zen upgraded shares of Payoneer Global from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. Needham & Company LLC cut shares of Payoneer Global from a "buy" rating to a "hold" rating in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $7.40 price objective on shares of Payoneer Global in a research report on Tuesday, June 16th. Keefe, Bruyette & Woods downgraded shares of Payoneer Global from a "moderate buy" rating to a "hold" rating in a research note on Monday, June 15th. Finally, Northland Securities set a $7.40 target price on shares of Payoneer Global in a report on Monday, June 15th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.40.

Insiders Place Their Bets

In other Payoneer Global news, CFO Beatrice Ordonez sold 25,000 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $7.01, for a total transaction of $175,250.00. Following the transaction, the chief financial officer owned 2,887,266 shares in the company, valued at approximately $20,239,734.66. This represents a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.06% of the company's stock.

Payoneer Global Trading Up 0.6%

Shares of NASDAQ PAYO opened at $7.16 on Friday. The firm has a fifty day simple moving average of $6.58 and a two-hundred day simple moving average of $5.65. Payoneer Global Inc. has a 12 month low of $4.08 and a 12 month high of $7.66. The firm has a market capitalization of $2.40 billion, a PE ratio of 35.80, a price-to-earnings-growth ratio of 0.80 and a beta of 0.95.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.02. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. The firm had revenue of $261.60 million for the quarter, compared to analyst estimates of $255.12 million. During the same quarter in the previous year, the firm posted $0.05 EPS. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. On average, sell-side analysts predict that Payoneer Global Inc. will post 0.26 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.