WINTON GROUP Ltd Takes Position in Payoneer Global Inc. $PAYO

Key Points

• WINTON GROUP Ltd acquired 607,551 Payoneer Global shares worth approximately $4.33 million, representing about 0.18% of the company. Institutional investors and hedge funds collectively own 82.22% of PAYO.
• Payoneer reported quarterly revenue of $274.26 million, exceeding estimates, but missed earnings expectations with a loss of $0.01 per share versus the anticipated $0.06 profit. Revenue increased 5.2% year over year.
• Analyst sentiment is largely cautious: eight analysts rate PAYO a “Hold” and one rates it a “Buy,” with a consensus price target of $7.40. The stock recently opened at $7.12, near its 52-week high of $7.18.

WINTON GROUP Ltd acquired a new stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 607,551 shares of the company's stock, valued at approximately $4,326,000. WINTON GROUP Ltd owned about 0.18% of Payoneer Global at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in PAYO. Hsbc Holdings PLC raised its stake in shares of Payoneer Global by 372.8% during the fourth quarter. Hsbc Holdings PLC now owns 603,407 shares of the company's stock valued at $3,400,000 after acquiring an additional 475,776 shares during the last quarter. Isthmus Partners LLC grew its stake in shares of Payoneer Global by 87.0% in the first quarter. Isthmus Partners LLC now owns 545,096 shares of the company's stock worth $2,633,000 after purchasing an additional 253,625 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in Payoneer Global in the second quarter valued at $3,161,000. BlackRock Inc. acquired a new stake in Payoneer Global in the second quarter valued at $278,076,000. Finally, First Trust Advisors LP raised its position in Payoneer Global by 305.8% during the 1st quarter. First Trust Advisors LP now owns 222,113 shares of the company's stock worth $1,073,000 after purchasing an additional 167,372 shares during the last quarter. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Payoneer Global Stock Performance

Payoneer Global stock opened at $7.12 on Friday. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 50.86, a PEG ratio of 1.82 and a beta of 0.94. Payoneer Global Inc. has a 52-week low of $4.08 and a 52-week high of $7.18. The stock's 50 day moving average price is $7.12 and its two-hundred day moving average price is $5.94.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.07). The company had revenue of $274.26 million during the quarter, compared to the consensus estimate of $270.98 million. Payoneer Global had a net margin of 4.65% and a return on equity of 9.97%. The business's revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 EPS. On average, equities research analysts forecast that Payoneer Global Inc. will post 0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

PAYO has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lowered Payoneer Global from a "moderate buy" rating to a "hold" rating in a research report on Monday, June 15th. Needham & Company LLC lowered Payoneer Global from a "buy" rating to a "hold" rating in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft cut Payoneer Global from a "buy" rating to a "hold" rating in a report on Friday, August 7th. Northland Securities set a $7.40 price target on shares of Payoneer Global in a report on Monday, June 15th. Finally, William Blair downgraded shares of Payoneer Global from an "outperform" rating to a "hold" rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average 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 Payoneer Global stock in a transaction on Monday, June 15th. The shares were sold at an average price of $7.01, for a total value of $175,250.00. Following the completion of the sale, the chief financial officer directly owned 2,887,266 shares of the company's stock, valued at approximately $20,239,734.66. The trade was a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.06% of the company's stock.

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.

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