Invesco Ltd. Acquires 141,376 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Invesco Ltd. boosted its position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 16.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 991,268 shares of the company's stock after purchasing an additional 141,376 shares during the period. Invesco Ltd. owned about 0.28% of Payoneer Global worth $9,952,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in shares of Payoneer Global by 405.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company's stock worth $38,000 after acquiring an additional 3,064 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Payoneer Global by 29.3% during the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock worth $45,000 after acquiring an additional 1,016 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Payoneer Global by 21.2% during the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock worth $54,000 after acquiring an additional 940 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Payoneer Global by 41.7% during the fourth quarter. GAMMA Investing LLC now owns 8,241 shares of the company's stock worth $83,000 after acquiring an additional 2,425 shares in the last quarter. Finally, Rialto Wealth Management LLC purchased a new stake in shares of Payoneer Global during the fourth quarter worth $105,000. Hedge funds and other institutional investors own 82.22% of the company's stock.

Payoneer Global Trading Down 0.3 %

PAYO stock traded down $0.02 during midday trading on Monday, hitting $6.95. The company had a trading volume of 2,553,382 shares, compared to its average volume of 3,055,573. Payoneer Global Inc. has a 52 week low of $4.90 and a 52 week high of $11.29. The stock's 50 day moving average price is $7.38 and its 200 day moving average price is $9.14. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 2.88 and a beta of 1.02.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its quarterly earnings data 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 quarter in the previous year, the firm posted $0.05 EPS. Analysts predict that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

PAYO has been the topic of several recent research reports. Wolfe Research downgraded Payoneer Global from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of Payoneer Global in a report on Monday, February 3rd. They issued a "buy" rating and a $13.00 price target on the stock. Citigroup upped their price target on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a report on Tuesday, March 4th. The Goldman Sachs Group decreased their price target on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Payoneer Global from $10.00 to $8.00 and set a "market perform" rating on the stock in a report on Monday, March 31st. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.36.

About Payoneer Global

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.