XTX Topco Ltd Acquires 35,497 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

XTX Topco Ltd grew its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 254.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,434 shares of the company’s stock after acquiring an additional 35,497 shares during the quarter. XTX Topco Ltd’s holdings in Payoneer Global were worth $274,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PAYO. Vanguard Group Inc. raised its stake in Payoneer Global by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 28,579,172 shares of the company’s stock valued at $148,897,000 after purchasing an additional 787,509 shares in the last quarter. Wellington Management Group LLP raised its stake in Payoneer Global by 68.4% in the fourth quarter. Wellington Management Group LLP now owns 7,784,978 shares of the company’s stock valued at $40,014,000 after purchasing an additional 3,161,509 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Payoneer Global by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,790,400 shares of the company’s stock valued at $23,283,000 after purchasing an additional 178,842 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Payoneer Global by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,593,005 shares of the company’s stock valued at $25,446,000 after purchasing an additional 849,680 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Payoneer Global by 17.1% in the second quarter. Victory Capital Management Inc. now owns 4,417,785 shares of the company’s stock valued at $24,475,000 after purchasing an additional 645,887 shares in the last quarter. Institutional investors own 82.22% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on PAYO. Northland Securities boosted their price target on Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Keefe, Bruyette & Woods boosted their target price on Payoneer Global from $7.00 to $8.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Cantor Fitzgerald raised Payoneer Global to a “strong-buy” rating in a research note on Monday, August 12th. The Goldman Sachs Group boosted their target price on Payoneer Global from $6.50 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Finally, Needham & Company LLC boosted their target price on Payoneer Global from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Payoneer Global presently has a consensus rating of “Buy” and a consensus price target of $8.50.

Insider Activity at Payoneer Global

In related news, Director Scott H. Galit sold 352,165 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $5.43, for a total value of $1,912,255.95. Following the sale, the director now directly owns 2,122,421 shares in the company, valued at $11,524,746.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Scott H. Galit sold 352,165 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $5.43, for a total value of $1,912,255.95. Following the sale, the director now directly owns 2,122,421 shares in the company, valued at $11,524,746.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott H. Galit sold 400,300 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $5.34, for a total value of $2,137,602.00. Following the completion of the sale, the director now owns 2,122,421 shares in the company, valued at $11,333,728.14. The disclosure for this sale can be found here. Insiders have sold 1,890,082 shares of company stock worth $10,516,245 over the last ninety days. Insiders own 5.57% of the company’s stock.

Payoneer Global Trading Down 0.7 %

NASDAQ:PAYO opened at $7.61 on Friday. The stock has a market cap of $2.84 billion, a P/E ratio of 25.37 and a beta of 0.85. The stock’s 50-day moving average is $6.79 and its 200-day moving average is $5.82. Payoneer Global Inc. has a 1-year low of $4.22 and a 1-year high of $7.73.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. The company had revenue of $239.50 million for the quarter, compared to analysts’ expectations of $223.12 million. Payoneer Global had a return on equity of 15.28% and a net margin of 11.25%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 earnings per share. As a group, equities analysts forecast that Payoneer Global Inc. will post 0.25 EPS for the current 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.