Payoneer Global Inc. $PAYO Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 29.7% in the 1st quarter, Holdings Channel reports. The firm owned 1,461,782 shares of the company’s stock after purchasing an additional 335,101 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Payoneer Global were worth $7,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. State Street Corp boosted its stake in shares of Payoneer Global by 1.8% during the fourth quarter. State Street Corp now owns 10,772,088 shares of the company’s stock worth $60,539,000 after buying an additional 195,410 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Payoneer Global by 1.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,436,470 shares of the company’s stock valued at $58,654,000 after acquiring an additional 182,614 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Payoneer Global by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,544,420 shares of the company’s stock valued at $36,438,000 after acquiring an additional 263,030 shares during the last quarter. Invesco Ltd. lifted its position in 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 acquiring an additional 3,218,917 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Payoneer Global by 9.3% in the 3rd quarter. Bank of America Corp DE now owns 3,419,039 shares of the company’s stock valued at $20,685,000 after purchasing an additional 289,598 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Trading Down 0.4%

Shares of NASDAQ PAYO opened at $7.12 on Thursday. The company’s 50-day moving average price is $6.54 and its 200 day moving average price is $5.64. Payoneer Global Inc. has a 52 week low of $4.08 and a 52 week high of $7.66. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 0.81 and a beta of 0.95.

Payoneer Global (NASDAQ:PAYO) last posted 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%.Payoneer Global’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. As a group, research analysts expect that Payoneer Global Inc. will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Needham & Company LLC cut shares of Payoneer Global from a “buy” rating to a “hold” rating in a research note on Monday, June 15th. Keefe, Bruyette & Woods cut shares of Payoneer Global from a “moderate buy” rating to a “hold” rating in a research note on Monday, June 15th. Wall Street Zen upgraded shares of Payoneer Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Northland Securities set a $7.40 price target on shares of Payoneer Global in a report on Monday, June 15th. Finally, William Blair downgraded shares of Payoneer Global from an “outperform” rating to a “hold” rating in a research report on Monday, June 15th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.40.

Insiders Place Their Bets

In other Payoneer Global news, CFO Beatrice Ordonez sold 25,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $7.01, for a total value of $175,250.00. Following the transaction, the chief financial officer directly owned 2,887,266 shares in the company, valued at approximately $20,239,734.66. This represents a 0.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.06% of the company’s stock.

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.