Franklin Resources Inc. Has $409,000 Holdings in Payoneer Global Inc. $PAYO

Franklin Resources Inc. trimmed its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 61.4% in the 2nd quarter, Holdings Channel reports. The fund owned 59,676 shares of the company’s stock after selling 95,031 shares during the quarter. Franklin Resources Inc.’s holdings in Payoneer Global were worth $409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of PAYO. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Payoneer Global in the 1st quarter valued at $34,000. Journey Strategic Wealth LLC acquired a new position in shares of Payoneer Global during the second quarter valued at about $71,000. Advisors Asset Management Inc. raised its position in shares of Payoneer Global by 35.9% during the first quarter. Advisors Asset Management Inc. now owns 11,597 shares of the company’s stock valued at $85,000 after buying an additional 3,066 shares during the last quarter. DRW Securities LLC bought a new stake in shares of Payoneer Global in the first quarter valued at about $103,000. Finally, Landscape Capital Management L.L.C. increased its stake in Payoneer Global by 28.0% during the first quarter. Landscape Capital Management L.L.C. now owns 15,388 shares of the company’s stock valued at $112,000 after acquiring an additional 3,369 shares during the period. Institutional investors own 82.22% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on PAYO shares. Wall Street Zen upgraded Payoneer Global from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Jefferies Financial Group set a $7.00 target price on Payoneer Global in a research report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Payoneer Global in a report on Wednesday, October 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price objective on shares of Payoneer Global in a report on Monday, October 6th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $8.83.

Payoneer Global Trading Down 0.5%

Shares of Payoneer Global stock opened at $5.65 on Tuesday. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 29.74, a P/E/G ratio of 7.69 and a beta of 1.00. The firm’s 50-day moving average price is $5.79 and its two-hundred day moving average price is $6.40. Payoneer Global Inc. has a 1-year low of $4.91 and a 1-year high of $11.19.

Payoneer Global (NASDAQ:PAYO) last posted its earnings results on Wednesday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The firm had revenue of $270.85 million during the quarter, compared to the consensus estimate of $262.66 million. Payoneer Global had a net margin of 6.96% and a return on equity of 10.71%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 EPS. As a group, equities research analysts predict that Payoneer Global Inc. will post 0.34 EPS for the current year.

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.