Prudent Man Advisors LLC Reduces Stock Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

Prudent Man Advisors LLC decreased its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,876 shares of the company’s stock after selling 3,545 shares during the quarter. Prudent Man Advisors LLC’s holdings in Payoneer Global were worth $310,000 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. Blue Trust Inc. lifted its stake in Payoneer Global by 135.2% in the third quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock worth $33,000 after acquiring an additional 2,552 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Payoneer Global by 19,791.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 41,772 shares of the company’s stock worth $315,000 after purchasing an additional 41,562 shares in the last quarter. Van ECK Associates Corp raised its holdings in Payoneer Global by 1.6% in the third quarter. Van ECK Associates Corp now owns 84,209 shares of the company’s stock worth $634,000 after purchasing an additional 1,306 shares in the last quarter. Advisor Resource Council bought a new position in Payoneer Global in the third quarter worth $105,000. Finally, Los Angeles Capital Management LLC bought a new position in Payoneer Global in the third quarter worth $210,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a report on Monday, February 3rd. They set a “buy” rating and a $13.00 price target for the company. Benchmark raised their price target on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Citigroup increased their price objective on Payoneer Global from $8.50 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Wolfe Research cut Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods dropped their price objective on Payoneer Global from $11.00 to $10.00 and set a “market perform” rating on the stock in a research report on Friday. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.57.

Insider Activity

In related news, insider Tsafi Goldman sold 96,350 shares of Payoneer Global stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total transaction of $970,244.50. Following the sale, the insider now owns 741,748 shares of the company’s stock, valued at approximately $7,469,402.36. This trade represents a 11.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Beatrice Ordonez sold 85,000 shares of Payoneer Global stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total value of $884,000.00. Following the sale, the chief financial officer now directly owns 2,305,245 shares in the company, valued at $23,974,548. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 445,223 shares of company stock valued at $4,519,362 in the last ninety days. Corporate insiders own 5.57% of the company’s stock.

Payoneer Global Stock Performance

Shares of NASDAQ:PAYO opened at $8.55 on Friday. Payoneer Global Inc. has a 52-week low of $4.22 and a 52-week high of $11.29. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 2.88 and a beta of 0.93. The stock’s 50-day simple moving average is $10.27 and its two-hundred day simple moving average is $9.25.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $242.14 million. During the same period in the previous year, the firm earned $0.05 earnings per share. As a group, equities analysts forecast that Payoneer Global Inc. will post 0.34 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.