Mutual of America Capital Management LLC Sells 3,572 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Mutual of America Capital Management LLC trimmed its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 8.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,065 shares of the company’s stock after selling 3,572 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Payoneer Global were worth $287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. AXA S.A. raised its holdings in shares of Payoneer Global by 1,394.5% in the second quarter. AXA S.A. now owns 14,176,485 shares of the company’s stock valued at $78,538,000 after acquiring an additional 13,227,884 shares in the last quarter. Millennium Management LLC lifted its holdings in Payoneer Global by 17.3% in the second quarter. Millennium Management LLC now owns 6,764,016 shares of the company’s stock valued at $37,473,000 after acquiring an additional 995,366 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Payoneer Global by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,790,400 shares of the company’s stock valued at $23,283,000 after acquiring an additional 178,842 shares during the period. Dimensional Fund Advisors LP grew its position in Payoneer Global by 22.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,593,005 shares of the company’s stock valued at $25,446,000 after buying an additional 849,680 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Payoneer Global by 17.1% in the 2nd quarter. Victory Capital Management Inc. now owns 4,417,785 shares of the company’s stock valued at $24,475,000 after purchasing an additional 645,887 shares in the last quarter. 82.22% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Itai Perry sold 52,829 shares of Payoneer Global stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.64, for a total value of $562,100.56. Following the transaction, the chief accounting officer now directly owns 201,882 shares in the company, valued at $2,148,024.48. This trade represents a 20.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Crossover Managemen Technology sold 7,500,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $10.32, for a total transaction of $77,400,000.00. Following the completion of the sale, the insider now owns 34,197,116 shares of the company’s stock, valued at approximately $352,914,237.12. The trade was a 17.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,562,402 shares of company stock valued at $78,043,152 over the last quarter. Company insiders own 5.57% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Cantor Fitzgerald upgraded Payoneer Global to a “strong-buy” rating in a research report on Monday, August 12th. Benchmark raised their price objective on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Northland Securities boosted their target price on shares of Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Needham & Company LLC lifted their target price on Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Citigroup increased their price objective on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research report on Monday, August 12th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $10.79.

Payoneer Global Stock Performance

Shares of Payoneer Global stock opened at $10.87 on Friday. The company has a market cap of $3.88 billion, a PE ratio of 31.06 and a beta of 0.82. The business has a 50-day simple moving average of $8.90 and a 200-day simple moving average of $7.09. Payoneer Global Inc. has a one year low of $4.22 and a one year high of $11.29.

Payoneer Global (NASDAQ:PAYO) last posted its earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The firm had revenue of $248.30 million for the quarter, compared to the consensus estimate of $225.44 million. During the same period last year, the firm posted $0.05 EPS. The company’s revenue was up 19.4% on a year-over-year basis. On average, sell-side analysts predict that Payoneer Global Inc. will post 0.32 earnings per share for the current fiscal 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.