Payoneer Global Inc. $PAYO Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 2,061.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,013,014 shares of the company’s stock after acquiring an additional 966,146 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Payoneer Global were worth $4,893,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PAYO. State Street Corp increased its stake in Payoneer Global by 1.8% in the 4th quarter. State Street Corp now owns 10,772,088 shares of the company’s stock valued at $60,539,000 after purchasing an additional 195,410 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Payoneer Global by 1.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,436,470 shares of the company’s stock worth $58,654,000 after purchasing an additional 182,614 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Payoneer Global by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 7,309,436 shares of the company’s stock valued at $44,229,000 after purchasing an additional 224,287 shares during the last quarter. Invesco Ltd. increased its holdings in Payoneer Global by 137.3% during the 2nd quarter. Invesco Ltd. now owns 5,562,623 shares of the company’s stock valued at $38,104,000 after acquiring an additional 3,218,917 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Payoneer Global by 9.3% during the 3rd quarter. Bank of America Corp DE now owns 3,419,039 shares of the company’s stock valued at $20,685,000 after buying an additional 289,598 shares during the last quarter. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Insider Buying and Selling at Payoneer Global

In other news, CFO Beatrice Ordonez sold 25,000 shares of Payoneer Global stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $7.01, for a total transaction of $175,250.00. Following the completion of the sale, the chief financial officer directly owned 2,887,266 shares in the company, valued at $20,239,734.66. The trade was a 0.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.06% of the stock is owned by company insiders.

Payoneer Global Stock Performance

PAYO stock opened at $7.12 on Friday. Payoneer Global Inc. has a one year low of $4.08 and a one year high of $7.66. The firm has a 50-day moving average of $6.40 and a two-hundred day moving average of $5.60. The firm has a market capitalization of $2.38 billion, a PE ratio of 35.60, a P/E/G ratio of 0.80 and a beta of 0.95.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The business had revenue of $261.60 million for the quarter, compared to the consensus estimate of $255.12 million. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share. On average, equities research analysts anticipate that Payoneer Global Inc. will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Needham & Company LLC cut Payoneer Global from a “buy” rating to a “hold” rating in a report on Monday, June 15th. Weiss Ratings raised shares of Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. William Blair lowered Payoneer Global from an “outperform” rating to a “hold” rating in a research report on Monday, June 15th. Benchmark cut shares of Payoneer Global from a “buy” rating to a “hold” rating in a research report on Thursday, June 18th. Finally, Wall Street Zen upgraded Payoneer Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.40.

About Payoneer Global

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.