WINTON GROUP Ltd Has $1.13 Million Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

WINTON GROUP Ltd decreased its position in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,310 shares of the company’s stock after selling 2,110 shares during the quarter. WINTON GROUP Ltd owned approximately 0.05% of Payoneer Global worth $1,132,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Natixis acquired a new stake in shares of Payoneer Global during the first quarter valued at about $3,106,000. Tidal Investments LLC bought a new stake in Payoneer Global during the 1st quarter worth approximately $986,000. Janus Henderson Group PLC increased its position in Payoneer Global by 131.6% in the 1st quarter. Janus Henderson Group PLC now owns 358,940 shares of the company’s stock valued at $1,744,000 after acquiring an additional 203,943 shares during the period. Allianz Asset Management GmbH increased its position in Payoneer Global by 43.5% in the 4th quarter. Allianz Asset Management GmbH now owns 906,735 shares of the company’s stock valued at $4,724,000 after acquiring an additional 274,942 shares during the period. Finally, ProShare Advisors LLC raised its stake in shares of Payoneer Global by 7.5% during the first quarter. ProShare Advisors LLC now owns 53,333 shares of the company’s stock valued at $259,000 after acquiring an additional 3,730 shares during the last quarter. Institutional investors own 82.22% of the company’s stock.

Payoneer Global Stock Performance

Shares of PAYO opened at $7.38 on Monday. The firm has a market cap of $2.76 billion, a PE ratio of 24.60 and a beta of 0.85. Payoneer Global Inc. has a 52-week low of $4.22 and a 52-week high of $7.59. The business’s 50 day moving average price is $6.36 and its two-hundred day moving average price is $5.63.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Wednesday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $239.50 million for the quarter, compared to the consensus estimate of $223.12 million. Payoneer Global had a net margin of 11.25% and a return on equity of 15.28%. Payoneer Global’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 EPS. Research analysts predict that Payoneer Global Inc. will post 0.25 EPS for the current fiscal year.

Insider Activity at Payoneer Global

In other Payoneer Global news, Director Scott H. Galit sold 352,165 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $5.43, for a total value of $1,912,255.95. Following the transaction, the director now owns 2,122,421 shares in the company, valued at $11,524,746.03. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Payoneer Global news, Director Scott H. Galit sold 150,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the completion of the sale, the director now owns 1,809,674 shares in the company, valued at approximately $12,794,395.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott H. Galit sold 352,165 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $5.43, for a total transaction of $1,912,255.95. Following the completion of the transaction, the director now directly owns 2,122,421 shares in the company, valued at $11,524,746.03. The disclosure for this sale can be found here. Insiders sold 1,890,082 shares of company stock valued at $10,516,245 in the last three months. Corporate insiders own 5.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PAYO. Needham & Company LLC boosted their price objective on shares of Payoneer Global from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Keefe, Bruyette & Woods increased their price target on Payoneer Global from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Cantor Fitzgerald upgraded Payoneer Global to a “strong-buy” rating in a research report on Monday, August 12th. Northland Securities upped their target price on Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, Citigroup raised their price target on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a report on Monday, August 12th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $8.50.

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.