Payoneer Global Inc. (NASDAQ:PAYO) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 6.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,618,682 shares of the company's stock after buying an additional 320,108 shares during the period. Victory Capital Management Inc. owned 1.55% of Payoneer Global worth $29,273,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PAYO. Federated Hermes Inc. bought a new position in Payoneer Global in the 4th quarter valued at approximately $29,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Payoneer Global during the third quarter valued at $39,000. PNC Financial Services Group Inc. increased its holdings in Payoneer Global by 74.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,241 shares of the company's stock worth $50,000 after buying an additional 3,512 shares in the last quarter. Pathstone Family Office LLC purchased a new position in Payoneer Global in the 3rd quarter worth about $75,000. Finally, Teza Capital Management LLC bought a new position in Payoneer Global during the 3rd quarter valued at about $157,000. Institutional investors own 82.22% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on PAYO. Needham & Company LLC decreased their price objective on shares of Payoneer Global from $8.00 to $7.00 and set a "buy" rating for the company in a report on Monday, April 1st. The Goldman Sachs Group lowered their price target on Payoneer Global from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Thursday, January 11th. Citigroup cut their price objective on Payoneer Global from $7.50 to $6.00 and set a "buy" rating for the company in a report on Thursday, March 21st. Keefe, Bruyette & Woods lowered their target price on Payoneer Global from $7.00 to $6.00 and set an "outperform" rating on the stock in a report on Thursday, February 29th. Finally, Benchmark restated a "buy" rating and set a $7.00 price target on shares of Payoneer Global in a research note on Tuesday, March 26th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Payoneer Global presently has an average rating of "Buy" and an average target price of $6.57.

Insider Activity at Payoneer Global

In other Payoneer Global news, insider Tsafi Goldman sold 6,118 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $5.45, for a total value of $33,343.10. Following the completion of the sale, the insider now owns 858,332 shares in the company, valued at approximately $4,677,909.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Scott H. Galit sold 355,717 shares of the business's stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $4.71, for a total value of $1,675,427.07. Following the transaction, the director now owns 3,127,981 shares of the company's stock, valued at $14,732,790.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tsafi Goldman sold 6,118 shares of the company's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $5.45, for a total transaction of $33,343.10. Following the transaction, the insider now owns 858,332 shares of the company's stock, valued at approximately $4,677,909.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,231,424 shares of company stock worth $5,865,310. 5.57% of the stock is owned by corporate insiders.

Payoneer Global Stock Performance

PAYO traded up $0.66 during midday trading on Wednesday, reaching $5.88. The company had a trading volume of 6,516,441 shares, compared to its average volume of 2,554,243. Payoneer Global Inc. has a 1 year low of $4.02 and a 1 year high of $6.48. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.17 billion, a P/E ratio of 24.50 and a beta of 0.77. The business has a 50-day moving average of $4.79 and a two-hundred day moving average of $5.06.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. Payoneer Global had a net margin of 11.23% and a return on equity of 14.80%. The company had revenue of $224.32 million during the quarter, compared to analyst estimates of $223.65 million. As a group, equities research analysts predict that Payoneer Global Inc. will post 0.2 earnings per share for the current fiscal year.

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.