O Shaughnessy Asset Management LLC Makes New $123,000 Investment in Payoneer Global Inc. (NASDAQ:PAYO)

O Shaughnessy Asset Management LLC purchased a new stake in Payoneer Global Inc. (NASDAQ:PAYO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,252 shares of the company’s stock, valued at approximately $123,000.

Several other hedge funds have also recently modified their holdings of PAYO. Arrowstreet Capital Limited Partnership boosted its position in Payoneer Global by 200.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company’s stock valued at $34,842,000 after purchasing an additional 2,313,481 shares in the last quarter. Norges Bank purchased a new stake in shares of Payoneer Global during the fourth quarter valued at about $18,130,000. American Century Companies Inc. lifted its position in shares of Payoneer Global by 24.8% during the fourth quarter. American Century Companies Inc. now owns 8,166,652 shares of the company’s stock valued at $81,993,000 after buying an additional 1,624,948 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Payoneer Global by 414.4% in the 4th quarter. JPMorgan Chase & Co. now owns 1,162,304 shares of the company’s stock valued at $11,670,000 after buying an additional 936,345 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Payoneer Global in the 3rd quarter worth approximately $6,064,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Analyst Ratings Changes

PAYO has been the subject of a number of analyst reports. The Goldman Sachs Group decreased their target price on shares of Payoneer Global from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a report on Monday, February 3rd. They set a “buy” rating and a $13.00 price objective for the company. Citigroup boosted their target price on Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Wolfe Research cut Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods dropped their price target on Payoneer Global from $10.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, March 31st. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.36.

Payoneer Global Trading Up 1.3 %

Shares of NASDAQ PAYO opened at $6.41 on Tuesday. The company has a 50 day simple moving average of $8.17 and a two-hundred day simple moving average of $9.23. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 2.88 and a beta of 1.02. Payoneer Global Inc. has a 12 month low of $4.73 and a 12 month high of $11.29.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The company had revenue of $261.74 million for the quarter, compared to analysts’ expectations of $242.14 million. During the same quarter in the previous year, the business posted $0.05 EPS. Analysts forecast that Payoneer Global Inc. will post 0.34 EPS for the current year.

Insider Activity

In related news, CFO Beatrice Ordonez sold 85,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total transaction of $884,000.00. Following the sale, the chief financial officer now owns 2,305,245 shares in the company, valued at approximately $23,974,548. This trade represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.57% of the company’s stock.

About Payoneer Global

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.