Mitsubishi UFJ Asset Management Co. Ltd. Acquires 1,808 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 11.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,016 shares of the company’s stock after purchasing an additional 1,808 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Payoneer Global were worth $132,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Payoneer Global by 12.1% during the first quarter. Vanguard Group Inc. now owns 33,881,608 shares of the company’s stock valued at $247,675,000 after purchasing an additional 3,656,056 shares in the last quarter. Susquehanna Capital Management LLC increased its position in shares of 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 acquiring an additional 18,794,047 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Payoneer Global by 5.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,709,989 shares of the company’s stock valued at $87,450,000 after acquiring an additional 440,231 shares in the last quarter. Millennium Management LLC increased its position in shares of Payoneer Global by 0.3% during the fourth quarter. Millennium Management LLC now owns 6,523,595 shares of the company’s stock valued at $65,497,000 after acquiring an additional 21,149 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Payoneer Global by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,982,879 shares of the company’s stock valued at $60,067,000 after acquiring an additional 377,008 shares in the last quarter. Institutional investors own 82.22% of the company’s stock.

Insider Activity

In other news, Director Susanna Morgan sold 16,180 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $6.77, for a total transaction of $109,538.60. Following the completion of the sale, the director owned 80,902 shares of the company’s stock, valued at $547,706.54. The trade was a 16.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.58% of the stock is currently owned by insiders.

Payoneer Global Trading Down 1.8%

NASDAQ:PAYO opened at $6.69 on Friday. Payoneer Global Inc. has a 12 month low of $5.71 and a 12 month high of $11.29. The company has a market cap of $2.42 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 8.96 and a beta of 0.97. The company has a 50 day simple moving average of $6.76 and a two-hundred day simple moving average of $7.46.

Payoneer Global (NASDAQ:PAYO) last posted its earnings results on Wednesday, August 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Payoneer Global had a return on equity of 13.42% and a net margin of 9.81%. The company had revenue of $260.61 million during the quarter, compared to the consensus estimate of $253.17 million. During the same period last year, the firm posted $0.09 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Research analysts forecast that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PAYO. Jefferies Financial Group raised their price target on shares of Payoneer Global from $8.00 to $8.50 and gave the company a “buy” rating in a research report on Tuesday, May 27th. Keefe, Bruyette & Woods raised shares of Payoneer Global from a “market perform” rating to an “outperform” rating and raised their price target for the company from $7.00 to $9.00 in a research report on Tuesday, May 13th. Citigroup reissued a “buy” rating and set a $10.00 price target (down previously from $13.00) on shares of Payoneer Global in a research report on Thursday, May 22nd. Needham & Company LLC raised their price target on shares of Payoneer Global from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a research report on Thursday, July 17th. They set a “buy” rating and a $8.00 price target for the company. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.06.

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.