Public Sector Pension Investment Board Has $5.95 Million Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

Key Points

• The Public Sector Pension Investment Board increased its stake in Payoneer Global Inc. by 27.3%, owning approximately 814,236 shares valued at $5.95 million as of its latest SEC filing.
• Payoneer Global's recent quarterly earnings report showed an earnings per share (EPS) of $0.05, missing analyst expectations, even though its revenue of $260.61 million exceeded estimates.
• Multiple analysts, including Jefferies and Needham & Company, have given buy ratings for Payoneer Global, with a consensus price target of $10.06.

Public Sector Pension Investment Board grew its position in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 27.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 814,236 shares of the company's stock after purchasing an additional 174,574 shares during the quarter. Public Sector Pension Investment Board owned about 0.23% of Payoneer Global worth $5,952,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC raised its stake in Payoneer Global by 14.4% during the fourth quarter. LPL Financial LLC now owns 33,520 shares of the company's stock worth $337,000 after buying an additional 4,230 shares during the last quarter. Franklin Resources Inc. bought a new stake in Payoneer Global during the fourth quarter valued at $411,000. Wells Fargo & Company MN grew its holdings in Payoneer Global by 47.4% during the 4th quarter. Wells Fargo & Company MN now owns 144,336 shares of the company's stock worth $1,449,000 after acquiring an additional 46,420 shares during the period. Bank of Montreal Can raised its position in shares of Payoneer Global by 8.6% in the 4th quarter. Bank of Montreal Can now owns 28,613 shares of the company's stock worth $287,000 after acquiring an additional 2,258 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Payoneer Global by 16.6% in the 4th quarter. Invesco Ltd. now owns 991,268 shares of the company's stock valued at $9,952,000 after purchasing an additional 141,376 shares during the period. Institutional investors and hedge funds own 82.22% of the company's stock.

Payoneer Global Price Performance

NASDAQ:PAYO opened at $6.73 on Friday. Payoneer Global Inc. has a one year low of $5.71 and a one year high of $11.29. The company has a market cap of $2.43 billion, a PE ratio of 25.89, a PEG ratio of 8.80 and a beta of 0.97. The firm has a 50-day moving average of $6.75 and a 200-day moving average of $7.43.

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Jefferies Financial Group raised their target price on Payoneer Global from $8.00 to $8.50 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft began coverage on shares of Payoneer Global in a research note on Thursday, July 17th. They issued a "buy" rating and a $8.00 price objective for the company. Wall Street Zen raised shares of Payoneer Global from a "sell" rating to a "hold" rating in a research note on Saturday. Needham & Company LLC lifted their price target on shares of Payoneer Global from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, Citigroup reiterated a "buy" rating and set a $10.00 price objective (down previously from $13.00) on shares of Payoneer Global in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.06.

Insider Activity

In related news, Director Susanna Morgan sold 16,180 shares of the company's stock in a transaction 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 completion of the sale, the director owned 80,902 shares in the company, valued at approximately $547,706.54. This represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.58% of the stock is currently owned by insiders.

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.

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