Russell Investments Group Ltd. Sells 21,882 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Russell Investments Group Ltd. lowered its position in Payoneer Global Inc. (NASDAQ:PAYO) by 11.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 174,658 shares of the company’s stock after selling 21,882 shares during the period. Russell Investments Group Ltd.’s holdings in Payoneer Global were worth $1,754,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. increased its holdings in Payoneer Global by 21.2% in the 4th quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock worth $54,000 after acquiring an additional 940 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in Payoneer Global by 1.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 86,467 shares of the company’s stock valued at $868,000 after buying an additional 1,002 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Payoneer Global by 29.3% in the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock worth $45,000 after acquiring an additional 1,016 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Payoneer Global by 1.0% during the fourth quarter. State of Alaska Department of Revenue now owns 145,923 shares of the company’s stock valued at $1,465,000 after buying an additional 1,498 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Payoneer Global by 1.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 124,100 shares of the company’s stock worth $1,246,000 after purchasing an additional 1,700 shares during the period. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Payoneer Global Price Performance

Shares of Payoneer Global stock opened at $6.36 on Friday. The business has a 50 day simple moving average of $7.85 and a two-hundred day simple moving average of $9.18. Payoneer Global Inc. has a 12 month low of $4.86 and a 12 month high of $11.29. The stock has a market capitalization of $2.29 billion, a P/E ratio of 18.17, a PEG ratio of 2.88 and a beta of 1.02.

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 return on equity of 17.78% and a net margin of 13.82%. The company had revenue of $261.74 million for the quarter, compared to analyst estimates of $242.14 million. During the same period last year, the firm posted $0.05 EPS. As a group, research analysts anticipate that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CFO Beatrice Ordonez sold 85,000 shares of Payoneer Global stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value of $884,000.00. Following the completion of the sale, the chief financial officer now directly owns 2,305,245 shares of the company’s stock, valued at approximately $23,974,548. The trade was a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate 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.