Payoneer Global Inc. $PAYO Shares Bought by Fiera Capital Corp

Fiera Capital Corp raised its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 29.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,124,742 shares of the company’s stock after acquiring an additional 485,859 shares during the period. Fiera Capital Corp owned 0.60% of Payoneer Global worth $11,941,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Osaic Holdings Inc. boosted its stake in Payoneer Global by 246.5% in the second quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock valued at $33,000 after acquiring an additional 3,298 shares during the period. CWM LLC boosted its stake in Payoneer Global by 178.6% in the fourth quarter. CWM LLC now owns 9,384 shares of the company’s stock valued at $53,000 after acquiring an additional 6,016 shares during the period. Quarry LP boosted its stake in Payoneer Global by 9,273.2% in the third quarter. Quarry LP now owns 10,498 shares of the company’s stock valued at $64,000 after acquiring an additional 10,386 shares during the period. Man Group plc acquired a new position in Payoneer Global in the third quarter valued at approximately $78,000. Finally, Swiss Life Asset Management Ltd acquired a new position in Payoneer Global in the third quarter valued at approximately $80,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PAYO. Benchmark decreased their target price on Payoneer Global from $10.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, March 6th. Bank of America assumed coverage on Payoneer Global in a research report on Wednesday, March 25th. They set a “buy” rating and a $6.00 price objective for the company. Keefe, Bruyette & Woods reduced their price objective on Payoneer Global from $7.50 to $7.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Wall Street Zen upgraded Payoneer Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings downgraded Payoneer Global from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.17.

Payoneer Global Price Performance

Shares of NASDAQ:PAYO opened at $5.14 on Tuesday. Payoneer Global Inc. has a 12 month low of $4.08 and a 12 month high of $7.66. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 0.54 and a beta of 1.02. The stock’s 50 day moving average price is $4.99 and its 200 day moving average price is $5.28.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. Payoneer Global had a return on equity of 11.10% and a net margin of 6.76%.The firm had revenue of $261.60 million for the quarter, compared to analysts’ expectations of $255.12 million. During the same quarter in the previous year, the company earned $0.05 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts expect that Payoneer Global Inc. will post 0.27 EPS 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.