WINTON GROUP Ltd Acquires Shares of 607,551 Payoneer Global Inc. $PAYO

WINTON GROUP Ltd acquired a new stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 607,551 shares of the company’s stock, valued at approximately $4,326,000.

Other institutional investors also recently modified their holdings of the company. Hsbc Holdings PLC grew its position in Payoneer Global by 372.8% in the 4th quarter. Hsbc Holdings PLC now owns 603,407 shares of the company’s stock valued at $3,400,000 after purchasing an additional 475,776 shares during the period. Isthmus Partners LLC raised its holdings in Payoneer Global by 87.0% during the first quarter. Isthmus Partners LLC now owns 545,096 shares of the company’s stock worth $2,633,000 after buying an additional 253,625 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in Payoneer Global during the second quarter worth $3,161,000. BlackRock Inc. bought a new position in shares of Payoneer Global in the second quarter valued at $278,076,000. Finally, First Trust Advisors LP lifted its stake in shares of Payoneer Global by 305.8% in the first quarter. First Trust Advisors LP now owns 222,113 shares of the company’s stock valued at $1,073,000 after buying an additional 167,372 shares in the last quarter. 82.22% of the stock is owned by institutional investors and hedge funds.

Payoneer Global Stock Performance

Payoneer Global stock opened at $7.12 on Friday. Payoneer Global Inc. has a fifty-two week low of $4.08 and a fifty-two week high of $7.18. The firm’s 50-day simple moving average is $7.12 and its 200 day simple moving average is $5.94. The stock has a market cap of $2.41 billion, a PE ratio of 50.86, a price-to-earnings-growth ratio of 1.82 and a beta of 0.94.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.07). Payoneer Global had a net margin of 4.65% and a return on equity of 9.97%. The firm had revenue of $274.26 million during the quarter, compared to analysts’ expectations of $270.98 million. During the same quarter last year, the business posted $0.05 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, analysts predict that Payoneer Global Inc. will post 0.16 EPS for the current fiscal year.

Insider Activity

In related news, CFO Beatrice Ordonez sold 25,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $20,239,734.66. This trade represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PAYO. Benchmark lowered shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Thursday, June 18th. Needham & Company LLC downgraded Payoneer Global from a “buy” rating to a “hold” rating in a research note on Monday, June 15th. William Blair downgraded Payoneer Global from an “outperform” rating to a “hold” rating in a research note on Monday, June 15th. Northland Securities set a $7.40 price objective on Payoneer Global in a research note on Monday, June 15th. Finally, Keefe, Bruyette & Woods lowered Payoneer Global from a “moderate buy” rating to a “hold” rating in a report on Monday, June 15th. One research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $7.40.

Payoneer Global 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.