419,591 Shares in Payoneer Global Inc. (NASDAQ:PAYO) Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new stake in Payoneer Global Inc. (NASDAQ:PAYOFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 419,591 shares of the company’s stock, valued at approximately $2,201,000. Hsbc Holdings PLC owned about 0.12% of Payoneer Global as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its position in shares of Payoneer Global by 10.3% in the third quarter. Arizona State Retirement System now owns 76,816 shares of the company’s stock worth $470,000 after buying an additional 7,143 shares during the last quarter. Barclays PLC boosted its position in Payoneer Global by 4.6% during the third quarter. Barclays PLC now owns 139,341 shares of the company’s stock worth $853,000 after purchasing an additional 6,070 shares during the period. New York State Common Retirement Fund boosted its position in Payoneer Global by 2.2% during the third quarter. New York State Common Retirement Fund now owns 92,563 shares of the company’s stock worth $566,000 after purchasing an additional 2,007 shares during the period. Amalgamated Bank grew its holdings in Payoneer Global by 14.7% during the third quarter. Amalgamated Bank now owns 115,522 shares of the company’s stock valued at $707,000 after purchasing an additional 14,843 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Payoneer Global by 9.8% in the third quarter. Swiss National Bank now owns 593,000 shares of the company’s stock valued at $3,629,000 after purchasing an additional 52,900 shares during the period. 82.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PAYO has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of Payoneer Global from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Cantor Fitzgerald lowered their price target on Payoneer Global from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Citigroup cut their price objective on Payoneer Global from $7.50 to $6.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Benchmark reaffirmed a “buy” rating and issued a $9.00 target price on shares of Payoneer Global in a report on Tuesday, May 14th. Finally, Needham & Company LLC lifted their price target on Payoneer Global from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Payoneer Global has a consensus rating of “Buy” and an average price target of $7.00.

Read Our Latest Stock Analysis on PAYO

Payoneer Global Price Performance

Shares of PAYO stock opened at $5.92 on Friday. Payoneer Global Inc. has a 12 month low of $4.22 and a 12 month high of $6.48. The company has a market capitalization of $2.21 billion, a P/E ratio of 19.73 and a beta of 0.84. The stock has a 50 day moving average of $5.36 and a two-hundred day moving average of $5.11. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.02.

Payoneer Global (NASDAQ:PAYOGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The firm had revenue of $228.20 million during the quarter, compared to analysts’ expectations of $211.63 million. Payoneer Global had a return on equity of 17.56% and a net margin of 13.19%. Payoneer Global’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the business earned $0.02 earnings per share. As a group, equities analysts expect that Payoneer Global Inc. will post 0.24 EPS for the current year.

Insider Activity at Payoneer Global

In other Payoneer Global news, Director Scott H. Galit sold 14,073 shares of Payoneer Global stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $5.81, for a total transaction of $81,764.13. Following the sale, the director now directly owns 2,422,421 shares of the company’s stock, valued at $14,074,266.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Payoneer Global news, Director Scott H. Galit sold 14,073 shares of Payoneer Global stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $5.81, for a total transaction of $81,764.13. Following the completion of the transaction, the director now directly owns 2,422,421 shares of the company’s stock, valued at $14,074,266.01. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott H. Galit sold 355,717 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $4.71, for a total transaction of $1,675,427.07. Following the completion of the sale, the director now owns 3,127,981 shares in the company, valued at approximately $14,732,790.51. The disclosure for this sale can be found here. Insiders have sold a total of 1,197,985 shares of company stock valued at $5,710,439 over the last quarter. 5.57% of the stock is owned by company insiders.

Payoneer Global Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Payoneer Global (NASDAQ:PAYO)

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