Sei Investments Co. Sells 24,332 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Sei Investments Co. lowered its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 250,393 shares of the company’s stock after selling 24,332 shares during the period. Sei Investments Co.’s holdings in Payoneer Global were worth $2,514,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in PAYO. Charles Schwab Investment Management Inc. lifted its position in shares of Payoneer Global by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,337,156 shares of the company’s stock worth $17,599,000 after purchasing an additional 67,255 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Payoneer Global by 1.2% in the third quarter. The Manufacturers Life Insurance Company now owns 165,996 shares of the company’s stock worth $1,250,000 after buying an additional 1,907 shares during the period. FMR LLC lifted its holdings in Payoneer Global by 17.2% in the third quarter. FMR LLC now owns 1,129,312 shares of the company’s stock worth $8,504,000 after buying an additional 165,913 shares during the period. Verition Fund Management LLC boosted its position in Payoneer Global by 28.6% during the 3rd quarter. Verition Fund Management LLC now owns 142,207 shares of the company’s stock valued at $1,071,000 after acquiring an additional 31,646 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in shares of Payoneer Global during the 3rd quarter worth approximately $121,000. Institutional investors own 82.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PAYO shares. Wolfe Research lowered Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Citigroup boosted their target price on shares of Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods decreased their price target on shares of Payoneer Global from $10.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, March 31st. Northland Securities boosted their price objective on shares of Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Payoneer Global in a report on Monday, February 3rd. They issued a “buy” rating and a $13.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.36.

Insider Transactions at Payoneer Global

In other news, CFO Beatrice Ordonez sold 85,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total transaction of $884,000.00. Following the sale, the chief financial officer now owns 2,305,245 shares of the company’s stock, valued at $23,974,548. This trade represents a 3.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 5.57% of the company’s stock.

Payoneer Global Stock Performance

NASDAQ:PAYO opened at $6.21 on Friday. The firm has a market cap of $2.23 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.88 and a beta of 0.97. Payoneer Global Inc. has a fifty-two week low of $4.69 and a fifty-two week high of $11.29. The firm has a 50-day simple moving average of $8.88 and a two-hundred day simple moving average of $9.29.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.14 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. During the same period last year, the business earned $0.05 EPS. On average, equities research analysts predict that Payoneer Global Inc. will post 0.34 EPS for the current year.

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.