Blue Owl Capital Holdings LP Invests $4.68 Million in Payoneer Global Inc. $PAYO

Blue Owl Capital Holdings LP purchased a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO) in the fourth quarter, Holdings Channel.com reports. The firm purchased 832,810 shares of the company’s stock, valued at approximately $4,680,000. Payoneer Global accounts for approximately 0.4% of Blue Owl Capital Holdings LP’s holdings, making the stock its 23rd largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. raised its stake in shares of Payoneer Global by 10.7% during the 3rd quarter. American Century Companies Inc. now owns 7,326,825 shares of the company’s stock worth $44,327,000 after purchasing an additional 707,790 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Payoneer Global by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,309,436 shares of the company’s stock worth $44,229,000 after purchasing an additional 224,287 shares in the last quarter. Invesco Ltd. raised its stake in shares of Payoneer Global by 137.3% during the 2nd quarter. Invesco Ltd. now owns 5,562,623 shares of the company’s stock worth $38,104,000 after purchasing an additional 3,218,917 shares in the last quarter. Bank of America Corp DE raised its stake in shares of 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 worth $20,685,000 after purchasing an additional 289,598 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Payoneer Global by 67.7% during the 3rd quarter. Alliancebernstein L.P. now owns 1,454,740 shares of the company’s stock worth $8,801,000 after purchasing an additional 587,113 shares in the last quarter. 82.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings lowered Payoneer Global from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Bank of America assumed coverage on Payoneer Global in a report on Wednesday, March 25th. They set a “buy” rating and a $6.00 price objective on the stock. Benchmark lowered their price objective on Payoneer Global from $10.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Keefe, Bruyette & Woods lowered their price objective on Payoneer Global from $7.50 to $7.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Finally, Wall Street Zen raised Payoneer Global from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Payoneer Global has a consensus rating of “Moderate Buy” and an average price target of $7.17.

Payoneer Global Stock Performance

Shares of NASDAQ PAYO opened at $4.94 on Monday. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 0.53 and a beta of 1.01. The business’s 50-day simple moving average is $4.89 and its 200-day simple moving average is $5.32. Payoneer Global Inc. has a 52 week low of $4.08 and a 52 week high of $7.66.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $261.60 million for the quarter, compared to analyst estimates of $255.12 million. Payoneer Global had a return on equity of 11.10% and a net margin of 6.76%.The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 EPS. As a group, equities research analysts forecast that Payoneer Global Inc. will post 0.27 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.