Janus Henderson Group PLC Sells 21,786 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Janus Henderson Group PLC trimmed its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 6.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 307,358 shares of the company’s stock after selling 21,786 shares during the period. Janus Henderson Group PLC’s holdings in Payoneer Global were worth $3,084,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Susquehanna Capital Management LLC boosted its position in Payoneer Global by 290.3% during the fourth quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company’s stock valued at $253,700,000 after purchasing an additional 18,794,047 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Payoneer Global by 200.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company’s stock valued at $34,842,000 after buying an additional 2,313,481 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Payoneer Global by 252.8% in the 4th quarter. Deutsche Bank AG now owns 2,779,110 shares of the company’s stock valued at $27,902,000 after buying an additional 1,991,449 shares during the last quarter. Driehaus Capital Management LLC bought a new position in shares of Payoneer Global in the fourth quarter valued at $19,305,000. Finally, D. E. Shaw & Co. Inc. increased its holdings in Payoneer Global by 1,065.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,081,589 shares of the company’s stock worth $20,899,000 after buying an additional 1,902,925 shares during the last quarter. Institutional investors own 82.22% of the company’s stock.

Payoneer Global Stock Down 1.0%

Shares of PAYO stock opened at $7.14 on Tuesday. Payoneer Global Inc. has a 12-month low of $5.03 and a 12-month high of $11.29. The company has a market capitalization of $2.57 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 2.88 and a beta of 1.03. The firm has a 50 day moving average price of $6.91 and a two-hundred day moving average price of $9.00.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The firm had revenue of $246.62 million for the quarter, compared to the consensus estimate of $244.52 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. Payoneer Global’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS. As a group, research analysts expect that Payoneer Global Inc. will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on PAYO. 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 note on Tuesday, March 4th. Needham & Company LLC cut their target price on shares of Payoneer Global from $14.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group lowered their price target on Payoneer Global from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods upgraded Payoneer Global from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $7.00 to $9.00 in a research note on Tuesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research note on Monday, February 3rd. They set a “buy” rating and a $13.00 target price for the company. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $11.64.

About Payoneer Global

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.