Hsbc Holdings PLC Has $986,000 Stake in Payoneer Global Inc. (NASDAQ:PAYO)

Hsbc Holdings PLC raised its position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 185.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,913 shares of the company's stock after purchasing an additional 63,613 shares during the quarter. Hsbc Holdings PLC's holdings in Payoneer Global were worth $986,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PAYO. MetLife Investment Management LLC boosted its position in Payoneer Global by 5.6% during the 4th quarter. MetLife Investment Management LLC now owns 173,744 shares of the company's stock worth $1,744,000 after acquiring an additional 9,145 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Payoneer Global by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,982,879 shares of the company's stock worth $60,067,000 after purchasing an additional 377,008 shares during the last quarter. First Trust Advisors LP grew its position in Payoneer Global by 2.4% in the fourth quarter. First Trust Advisors LP now owns 830,679 shares of the company's stock valued at $8,340,000 after purchasing an additional 19,146 shares in the last quarter. Forum Financial Management LP acquired a new stake in Payoneer Global in the 4th quarter valued at $122,000. Finally, Canada Pension Plan Investment Board bought a new stake in Payoneer Global during the 4th quarter worth about $3,061,000. 82.22% of the stock is currently owned by institutional investors.

Payoneer Global Price Performance

NASDAQ:PAYO opened at $7.21 on Friday. The company has a market cap of $2.59 billion, a P/E ratio of 20.60, a P/E/G ratio of 2.88 and a beta of 1.02. The firm's fifty day moving average price is $7.15 and its two-hundred day moving average price is $9.11. Payoneer Global Inc. has a one year low of $5.03 and a one year high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The company had revenue of $261.74 million during the quarter, compared to the consensus estimate of $242.14 million. During the same period in the prior year, the company earned $0.05 earnings per share. As a group, equities research analysts expect that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on PAYO shares. Citigroup lifted their target price on Payoneer Global from $14.50 to $16.50 and gave the company a "buy" rating in a research report on Tuesday, March 4th. The Goldman Sachs Group lowered their price target on Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their price objective on Payoneer Global from $10.00 to $8.00 and set a "market perform" rating for the company in a report on Monday, March 31st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a report on Monday, February 3rd. They set a "buy" rating and a $13.00 target price on the stock. Finally, Wolfe Research cut shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $12.36.

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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