Victory Capital Management Inc. Has $32.13 Million Position in Payoneer Global Inc. (NASDAQ:PAYO)

Victory Capital Management Inc. lifted its position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 50.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,395,656 shares of the company's stock after buying an additional 1,467,357 shares during the quarter. Victory Capital Management Inc. owned about 1.22% of Payoneer Global worth $32,132,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in PAYO. Maryland State Retirement & Pension System lifted its holdings in shares of Payoneer Global by 1.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 86,467 shares of the company's stock worth $868,000 after buying an additional 1,002 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Payoneer Global by 5.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 30,355 shares of the company's stock valued at $305,000 after buying an additional 1,663 shares in the last quarter. Bank of Montreal Can raised its position in shares of Payoneer Global by 8.6% during the fourth 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 during the last quarter. Xponance Inc. grew its position in shares of Payoneer Global by 12.5% during the 4th quarter. Xponance Inc. now owns 20,711 shares of the company's stock worth $208,000 after buying an additional 2,303 shares during the period. Finally, Quarry LP acquired a new position in shares of Payoneer Global in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 82.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PAYO. Needham & Company LLC dropped their price objective on shares of Payoneer Global from $14.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. 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 objective for the company. Jefferies Financial Group upped their price target on Payoneer Global from $8.00 to $8.50 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Keefe, Bruyette & Woods upgraded shares of Payoneer Global from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $7.00 to $9.00 in a report on Tuesday, May 13th. Finally, Citigroup reaffirmed a "buy" rating and issued a $10.00 target price (down previously from $13.00) on shares of Payoneer Global in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $9.81.

Insider Transactions at Payoneer Global

In other Payoneer Global news, Director Susanna Morgan sold 16,180 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $6.77, for a total transaction of $109,538.60. Following the completion of the transaction, the director directly owned 80,902 shares in the company, valued at $547,706.54. The trade was a 16.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.58% of the stock is owned by insiders.

Payoneer Global Trading Down 1.3%

PAYO stock traded down $0.09 during trading hours on Thursday, hitting $6.72. 1,773,901 shares of the stock were exchanged, compared to its average volume of 2,466,582. The company has a 50-day simple moving average of $6.82 and a two-hundred day simple moving average of $7.83. The firm has a market capitalization of $2.43 billion, a P/E ratio of 22.40 and a beta of 0.98. Payoneer Global Inc. has a 12 month low of $5.03 and a 12 month high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share 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 business had revenue of $246.62 million during the quarter, compared to analyst estimates of $244.52 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The firm's quarterly revenue was up 8.1% on a year-over-year basis. On average, equities research 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.