Wellington Management Group LLP Has $15.72 Million Position in Payoneer Global Inc. $PAYO

Key Points

• Wellington Management Group LLP reduced its holdings in Payoneer Global by 2.6%, selling 59,297 shares, and now owns 0.63% of the company valued at approximately $15.7 million.
• Several institutional investors increased their stakes in Payoneer Global during the first quarter, with SG Americas Securities LLC growing its stake by 2,262.5% to over 1.2 million shares.
• Payoneer Global's stock received mixed analyst ratings, with eight analysts giving it a "Buy" and one a "Hold," while the average target price is set at $10.06.

Wellington Management Group LLP reduced its holdings in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,255,717 shares of the company's stock after selling 59,297 shares during the period. Wellington Management Group LLP owned approximately 0.63% of Payoneer Global worth $15,724,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Algert Global LLC increased its position in shares of Payoneer Global by 27.9% during the first quarter. Algert Global LLC now owns 253,549 shares of the company's stock valued at $1,853,000 after purchasing an additional 55,247 shares during the period. American Century Companies Inc. increased its position in shares of Payoneer Global by 15.1% during the first quarter. American Century Companies Inc. now owns 9,403,250 shares of the company's stock valued at $68,738,000 after purchasing an additional 1,236,598 shares during the period. Lord Abbett & CO. LLC increased its position in shares of Payoneer Global by 5.4% during the first quarter. Lord Abbett & CO. LLC now owns 1,313,897 shares of the company's stock valued at $9,605,000 after purchasing an additional 67,203 shares during the period. HighTower Advisors LLC bought a new stake in shares of Payoneer Global during the first quarter valued at approximately $194,000. Finally, Public Sector Pension Investment Board grew its position in Payoneer Global by 27.3% in the first quarter. Public Sector Pension Investment Board now owns 814,236 shares of the company's stock valued at $5,952,000 after acquiring an additional 174,574 shares during the period. 82.22% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Susanna Morgan sold 16,180 shares of the 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 completion of the transaction, the director directly 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 SEC, which is accessible through this hyperlink. 2.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wall Street Zen cut Payoneer Global from a "hold" rating to a "sell" rating in a research report on Sunday, August 24th. Needham & Company LLC upped their price target on Payoneer Global from $8.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Jefferies Financial Group upped their price target on Payoneer Global from $8.00 to $8.50 and gave the company a "buy" rating in a research report on Tuesday, May 27th. 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. Finally, Citigroup reissued a "buy" rating and issued a $10.00 price objective (down previously from $13.00) on shares of Payoneer Global in a research note on Thursday, May 22nd. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.06.

Payoneer Global Trading Up 1.0%

Shares of PAYO traded up $0.07 during trading hours on Friday, hitting $6.95. 4,428,617 shares of the stock traded hands, compared to its average volume of 3,941,129. Payoneer Global Inc. has a 1-year low of $5.71 and a 1-year high of $11.29. The firm has a market capitalization of $2.50 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 9.05 and a beta of 0.97. The business has a fifty day moving average of $6.77 and a 200-day moving average of $7.17.

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