Advisor Resource Council Acquires Shares of 13,975 Payoneer Global Inc. (NASDAQ:PAYO)

Advisor Resource Council acquired a new stake in Payoneer Global Inc. (NASDAQ:PAYO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,975 shares of the company’s stock, valued at approximately $105,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PAYO. AXA S.A. lifted its holdings in Payoneer Global by 1,394.5% in the 2nd quarter. AXA S.A. now owns 14,176,485 shares of the company’s stock valued at $78,538,000 after purchasing an additional 13,227,884 shares in the last quarter. Legion Partners Asset Management LLC acquired a new stake in shares of Payoneer Global in the 2nd quarter worth $12,360,000. American Century Companies Inc. increased its stake in shares of Payoneer Global by 241.5% in the 2nd quarter. American Century Companies Inc. now owns 1,643,744 shares of the company’s stock worth $9,106,000 after acquiring an additional 1,162,481 shares during the last quarter. Shell Asset Management Co. acquired a new stake in shares of Payoneer Global in the 1st quarter worth $5,360,000. Finally, Millennium Management LLC increased its stake in shares of Payoneer Global by 17.3% in the 2nd quarter. Millennium Management LLC now owns 6,764,016 shares of the company’s stock worth $37,473,000 after acquiring an additional 995,366 shares during the last quarter. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PAYO shares. The Goldman Sachs Group raised their target price on Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday. Citigroup raised their target price on Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research note on Monday, August 12th. Keefe, Bruyette & Woods raised their price objective on Payoneer Global from $9.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday. Needham & Company LLC raised their price objective on Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Cantor Fitzgerald raised Payoneer Global to a “strong-buy” rating in a research report on Monday, August 12th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $10.79.

Insider Activity

In other news, CAO Itai Perry sold 3,900 shares of Payoneer Global stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $8.00, for a total value of $31,200.00. Following the completion of the transaction, the chief accounting officer now owns 228,738 shares in the company, valued at approximately $1,829,904. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CAO Itai Perry sold 3,900 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $8.00, for a total transaction of $31,200.00. Following the completion of the sale, the chief accounting officer now owns 228,738 shares in the company, valued at $1,829,904. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott H. Galit sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total value of $1,060,500.00. Following the sale, the director now owns 1,809,674 shares of the company’s stock, valued at approximately $12,794,395.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 158,000 shares of company stock worth $1,124,500. 5.57% of the stock is currently owned by company insiders.

Payoneer Global Price Performance

NASDAQ PAYO opened at $10.68 on Friday. The company has a market cap of $4.08 billion, a P/E ratio of 30.51 and a beta of 0.82. The stock has a 50-day moving average of $7.95 and a two-hundred day moving average of $6.55. Payoneer Global Inc. has a 1-year low of $4.22 and a 1-year high of $10.74.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. The company had revenue of $248.30 million during the quarter, compared to the consensus estimate of $225.44 million. Payoneer Global had a return on equity of 15.28% and a net margin of 11.25%. Payoneer Global’s revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 EPS. On average, analysts anticipate that Payoneer Global Inc. will post 0.25 EPS for the current fiscal year.

Payoneer Global 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.