Universal Beteiligungs und Servicegesellschaft mbH Acquires New Position in Payoneer Global Inc. (NASDAQ:PAYO)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Payoneer Global Inc. (NASDAQ:PAYO) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 26,180 shares of the company’s stock, valued at approximately $191,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PAYO. Allianz Asset Management GmbH increased its position in shares of Payoneer Global by 55.8% during the first quarter. Allianz Asset Management GmbH now owns 1,455,566 shares of the company’s stock valued at $10,640,000 after buying an additional 521,384 shares during the period. IFP Advisors Inc increased its position in shares of Payoneer Global by 47,800.0% during the first quarter. IFP Advisors Inc now owns 6,227 shares of the company’s stock valued at $46,000 after buying an additional 6,214 shares during the period. Aspen Capital Management LLC bought a new stake in shares of Payoneer Global during the first quarter valued at about $1,420,000. Victory Capital Management Inc. increased its position in shares of Payoneer Global by 50.1% during the first quarter. Victory Capital Management Inc. now owns 4,395,656 shares of the company’s stock valued at $32,132,000 after buying an additional 1,467,357 shares during the period. Finally, New York State Common Retirement Fund increased its position in shares of Payoneer Global by 495.8% during the first quarter. New York State Common Retirement Fund now owns 496,507 shares of the company’s stock valued at $3,629,000 after buying an additional 413,171 shares during the period. 82.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PAYO shares. Jefferies Financial Group upped their price target on Payoneer Global from $8.00 to $8.50 and gave the company a “buy” rating in a research report on Tuesday, May 27th. Needham & Company LLC decreased their price target on Payoneer Global from $14.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft started coverage on Payoneer Global in a research report on Thursday, July 17th. They set a “buy” rating and a $8.00 price target on the stock. Keefe, Bruyette & Woods raised Payoneer Global from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $7.00 to $9.00 in a report on Tuesday, May 13th. Finally, Citigroup reissued a “buy” rating and set a $10.00 price objective (down previously from $13.00) on shares of Payoneer Global in a report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $9.81.

Payoneer Global Trading Up 2.4%

Shares of NASDAQ PAYO opened at $6.50 on Wednesday. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 21.67 and a beta of 0.97. The business has a 50-day moving average of $6.75 and a 200-day moving average of $7.61. Payoneer Global Inc. has a 12 month low of $5.16 and a 12 month high of $11.29.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). The firm had revenue of $246.62 million during the quarter, compared to analysts’ expectations of $244.52 million. Payoneer Global had a return on equity of 15.70% and a net margin of 11.32%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 EPS. On average, analysts predict that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Insider Transactions at Payoneer Global

In other Payoneer Global news, Director Susanna Morgan sold 16,180 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $6.77, for a total value of $109,538.60. Following the completion of the sale, the director owned 80,902 shares of the company’s stock, valued at $547,706.54. This represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.58% of the stock is currently owned by corporate insiders.

Payoneer Global Company 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.