Payoneer Global Inc. $PAYO Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 10.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,326,825 shares of the company’s stock after buying an additional 707,790 shares during the quarter. American Century Companies Inc.’s holdings in Payoneer Global were worth $44,327,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fox Run Management L.L.C. purchased a new stake in Payoneer Global during the third quarter valued at about $530,000. GSA Capital Partners LLP raised its holdings in shares of Payoneer Global by 195.9% in the 3rd quarter. GSA Capital Partners LLP now owns 395,610 shares of the company’s stock worth $2,393,000 after purchasing an additional 261,895 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Payoneer Global by 128.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 638,225 shares of the company’s stock valued at $3,861,000 after purchasing an additional 358,922 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Payoneer Global by 28.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 1,138,375 shares of the company’s stock valued at $6,887,000 after purchasing an additional 250,639 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in shares of Payoneer Global by 7.5% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 146,479 shares of the company’s stock worth $886,000 after purchasing an additional 10,214 shares during the period. 82.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on PAYO shares. Keefe, Bruyette & Woods cut their price target on shares of Payoneer Global from $7.50 to $7.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Benchmark dropped their price objective on shares of Payoneer Global from $10.00 to $7.00 and set a “buy” rating for the company in a research report on Friday. Needham & Company LLC cut their target price on shares of Payoneer Global from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Weiss Ratings restated a “hold (c)” rating on shares of Payoneer Global in a report on Thursday, January 22nd. Finally, Wall Street Zen cut shares of Payoneer Global from a “hold” rating to a “sell” rating in a research report on Saturday. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

Payoneer Global Stock Performance

Shares of Payoneer Global stock opened at $4.70 on Friday. Payoneer Global Inc. has a 1 year low of $4.08 and a 1 year high of $7.97. The firm’s 50-day simple moving average is $5.51 and its 200-day simple moving average is $5.87. The firm has a market cap of $1.68 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 0.59 and a beta of 1.09.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings results on Thursday, February 26th. 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 10.89% and a net margin of 6.95%.The firm had revenue of $274.69 million during the quarter, compared to analyst estimates of $282.79 million. During the same quarter last year, the business posted $0.05 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts predict that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Payoneer Global Company Profile

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.