Principal Financial Group Inc. Sells 37,538 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Principal Financial Group Inc. lessened its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 2.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,278,679 shares of the company’s stock after selling 37,538 shares during the quarter. Principal Financial Group Inc. owned about 0.36% of Payoneer Global worth $8,030,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Payoneer Global by 191.4% in the 1st quarter. Vanguard Group Inc. now owns 25,792,530 shares of the company’s stock valued at $115,035,000 after acquiring an additional 16,940,356 shares during the last quarter. BlackRock Inc. bought a new stake in Payoneer Global in the 3rd quarter valued at $86,560,000. Victory Capital Management Inc. increased its holdings in Payoneer Global by 1,272.2% in the 4th quarter. Victory Capital Management Inc. now owns 6,033,115 shares of the company’s stock valued at $33,001,000 after acquiring an additional 5,593,435 shares during the last quarter. Invesco Ltd. increased its holdings in Payoneer Global by 19,806.3% in the 1st quarter. Invesco Ltd. now owns 3,775,619 shares of the company’s stock valued at $16,839,000 after acquiring an additional 3,756,652 shares during the last quarter. Finally, State Street Corp increased its stake in Payoneer Global by 237.9% in the 2nd quarter. State Street Corp now owns 4,347,077 shares of the company’s stock worth $17,041,000 after acquiring an additional 3,060,598 shares during the last quarter. Institutional investors own 82.92% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Citigroup boosted their target price on shares of Payoneer Global from $9.00 to $10.00 in a report on Wednesday, August 9th. Needham & Company LLC restated a “buy” rating and issued a $10.00 target price on shares of Payoneer Global in a report on Wednesday, August 9th. Finally, Berenberg Bank assumed coverage on shares of Payoneer Global in a report on Monday, July 10th. They issued a “buy” rating and a $7.00 target price on the stock. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Payoneer Global currently has a consensus rating of “Buy” and a consensus target price of $8.07.

Payoneer Global Stock Up 1.8 %

NASDAQ:PAYO opened at $6.14 on Thursday. Payoneer Global Inc. has a 1-year low of $4.02 and a 1-year high of $8.04. The company has a 50-day moving average of $5.30 and a 200 day moving average of $5.38. The firm has a market cap of $2.21 billion, a PE ratio of 204.67 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.10 and a quick ratio of 1.10.

Payoneer Global (NASDAQ:PAYO) last posted its earnings results on Tuesday, August 8th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $206.70 million during the quarter, compared to analyst estimates of $197.24 million. Payoneer Global had a return on equity of 4.36% and a net margin of 2.28%. Payoneer Global’s revenue was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.02) earnings per share. As a group, research analysts anticipate that Payoneer Global Inc. will post 0.22 EPS for the current fiscal year.

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, Director Scott H. Galit sold 16,564 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $5.90, for a total transaction of $97,727.60. Following the completion of the sale, the director now directly owns 1,299,688 shares of the company’s stock, valued at $7,668,159.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Scott H. Galit sold 12,222 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $5.84, for a total transaction of $71,376.48. Following the completion of the sale, the director now owns 1,333,528 shares in the company, valued at approximately $7,787,803.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Scott H. Galit sold 16,564 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $5.90, for a total value of $97,727.60. Following the sale, the director now owns 1,299,688 shares of the company’s stock, valued at approximately $7,668,159.20. The disclosure for this sale can be found here. Insiders own 5.57% of the company’s stock.

Payoneer Global Company Profile

Payoneer Global Inc operates a payment and commerce-enabling platform worldwide. It delivers a suite of services that includes cross-border payments, B2B accounts payable/accounts receivable, multi-currency account, physical and virtual Mastercard cards, working capital, merchant, tax, compliance and risk, and others.