Payoneer Global Inc. (NASDAQ:PAYO) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its position in Payoneer Global Inc. (NASDAQ:PAYO) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,110 shares of the company’s stock after selling 9,886 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Payoneer Global were worth $1,567,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Blue Trust Inc. grew its position in Payoneer Global by 21.2% in the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock valued at $54,000 after acquiring an additional 940 shares in the last quarter. Maryland State Retirement & Pension System grew its position in Payoneer Global by 1.2% in the fourth quarter. Maryland State Retirement & Pension System now owns 86,467 shares of the company’s stock valued at $868,000 after acquiring an additional 1,002 shares in the last quarter. Fifth Third Bancorp grew its position in Payoneer Global by 29.3% in the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock valued at $45,000 after acquiring an additional 1,016 shares in the last quarter. State of Alaska Department of Revenue grew its position in Payoneer Global by 1.0% in the fourth quarter. State of Alaska Department of Revenue now owns 145,923 shares of the company’s stock valued at $1,465,000 after acquiring an additional 1,498 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its position in Payoneer Global by 5.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 30,355 shares of the company’s stock valued at $305,000 after acquiring an additional 1,663 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Price Performance

Payoneer Global stock opened at $6.63 on Monday. The company has a market cap of $2.39 billion, a PE ratio of 18.94, a P/E/G ratio of 2.88 and a beta of 1.03. The company has a fifty day moving average price of $6.94 and a two-hundred day moving average price of $9.06. Payoneer Global Inc. has a 12 month low of $5.03 and a 12 month high of $11.29.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The business had revenue of $246.62 million during the quarter, compared to analyst estimates of $244.52 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 EPS. Equities research analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

PAYO has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their price target on shares of Payoneer Global from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods decreased their price target on shares of Payoneer Global from $8.00 to $7.00 and set a “market perform” rating for the company in a research report on Thursday. Needham & Company LLC decreased their price target on shares of Payoneer Global from $14.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday. Citigroup raised their price target on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a research report on Monday, February 3rd. They set a “buy” rating and a $13.00 price target for the company. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $11.36.

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.