Marshall Wace LLP Has $7.52 Million Stake in Payoneer Global Inc. (NASDAQ:PAYO)

Marshall Wace LLP boosted its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 191.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 749,371 shares of the company's stock after purchasing an additional 492,326 shares during the period. Marshall Wace LLP owned about 0.21% of Payoneer Global worth $7,524,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAYO. Barclays PLC lifted its stake in shares of Payoneer Global by 352.8% in the 3rd quarter. Barclays PLC now owns 498,727 shares of the company's stock valued at $3,755,000 after acquiring an additional 388,584 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Payoneer Global by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 195,407 shares of the company's stock valued at $1,471,000 after acquiring an additional 8,637 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Payoneer Global in the 3rd quarter valued at $6,064,000. GAMMA Investing LLC lifted its stake in shares of Payoneer Global by 41.7% in the 4th quarter. GAMMA Investing LLC now owns 8,241 shares of the company's stock valued at $83,000 after acquiring an additional 2,425 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Payoneer Global by 4.9% in the 4th quarter. Nordea Investment Management AB now owns 881,026 shares of the company's stock valued at $8,951,000 after acquiring an additional 41,106 shares during the last quarter. 82.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Payoneer Global Stock Performance

Shares of Payoneer Global stock traded down $0.02 on Monday, reaching $6.95. 2,553,382 shares of the company's stock were exchanged, compared to its average volume of 3,055,573. The company has a market capitalization of $2.50 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 2.88 and a beta of 1.02. Payoneer Global Inc. has a 52 week low of $4.90 and a 52 week high of $11.29. The firm's 50-day moving average is $7.38 and its two-hundred day moving average is $9.14.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The business had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.14 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. During the same quarter in the previous year, the company posted $0.05 earnings per share. On average, analysts expect that Payoneer Global Inc. will post 0.34 EPS 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.