American Century Companies Inc. Grows Position in Payoneer Global Inc. (NASDAQ:PAYO)

American Century Companies Inc. grew its position in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 24.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,166,652 shares of the company’s stock after purchasing an additional 1,624,948 shares during the quarter. American Century Companies Inc.’s holdings in Payoneer Global were worth $81,993,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PAYO. Smartleaf Asset Management LLC raised its holdings in shares of Payoneer Global by 405.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company’s stock valued at $38,000 after purchasing an additional 3,064 shares during the last quarter. Fifth Third Bancorp increased its stake in Payoneer Global by 29.3% in the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock valued at $45,000 after buying an additional 1,016 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Payoneer Global by 21.2% during the 4th quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock worth $54,000 after buying an additional 940 shares in the last quarter. GAMMA Investing LLC boosted 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 worth $83,000 after buying an additional 2,425 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new position in shares of Payoneer Global in the fourth quarter valued at approximately $105,000. 82.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Northland Securities lifted their price target on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Wolfe Research cut Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Citigroup increased their price target on shares of Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a research report on Monday, February 3rd. They issued a “buy” rating and a $13.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Payoneer Global from $11.00 to $10.00 and set a “market perform” rating for the company in a research report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.07.

Payoneer Global Stock Up 5.0 %

NASDAQ PAYO opened at $7.83 on Tuesday. The company has a market cap of $2.82 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 2.88 and a beta of 0.97. The firm’s 50-day simple moving average is $9.45 and its two-hundred day simple moving average is $9.32. Payoneer Global Inc. has a 52 week low of $4.60 and a 52 week high of $11.29.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.05 EPS 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 business had revenue of $261.74 million for the quarter, compared to analysts’ expectations of $242.14 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. As a group, equities research analysts anticipate that Payoneer Global Inc. will post 0.34 EPS for the current year.

Insider Activity

In other news, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $23,974,548. This represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tsafi Goldman sold 96,350 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total transaction of $970,244.50. Following the transaction, the insider now directly owns 741,748 shares of the company’s stock, valued at approximately $7,469,402.36. This represents a 11.50 % decrease in their position. The disclosure for this sale can be found here. 5.57% of the stock is owned by company insiders.

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.