Intech Investment Management LLC Acquires 93,524 Shares of Payoneer Global Inc. $PAYO

Intech Investment Management LLC boosted its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 44.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 306,202 shares of the company’s stock after buying an additional 93,524 shares during the period. Intech Investment Management LLC owned approximately 0.08% of Payoneer Global worth $2,238,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its stake in Payoneer Global by 2.8% during the first quarter. Principal Financial Group Inc. now owns 1,593,475 shares of the company’s stock worth $11,648,000 after purchasing an additional 44,087 shares during the last quarter. Invesco Ltd. lifted its stake in Payoneer Global by 136.4% during the first quarter. Invesco Ltd. now owns 2,343,706 shares of the company’s stock worth $17,132,000 after purchasing an additional 1,352,438 shares during the last quarter. Aspen Capital Management LLC bought a new stake in Payoneer Global during the first quarter worth about $1,420,000. SG Americas Securities LLC increased its holdings in shares of Payoneer Global by 2,262.5% in the first quarter. SG Americas Securities LLC now owns 1,215,581 shares of the company’s stock worth $8,886,000 after buying an additional 1,164,128 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Payoneer Global by 559.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,480 shares of the company’s stock worth $62,000 after buying an additional 7,195 shares during the period. Institutional investors own 82.22% of the company’s stock.

Payoneer Global Trading Down 0.3%

Shares of PAYO opened at $6.48 on Tuesday. The firm has a market cap of $2.33 billion, a PE ratio of 24.92, a P/E/G ratio of 8.55 and a beta of 0.98. Payoneer Global Inc. has a 1-year low of $5.71 and a 1-year high of $11.29. The firm has a fifty day simple moving average of $6.74 and a two-hundred day simple moving average of $6.87.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $260.61 million during the quarter, compared to analysts’ expectations of $253.17 million. Payoneer Global had a return on equity of 13.42% and a net margin of 9.81%.The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the company earned $0.09 earnings per share. As a group, research analysts forecast that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a report on Thursday, July 17th. They set a “buy” rating and a $8.00 price target on the stock. Wall Street Zen cut Payoneer Global from a “hold” rating to a “sell” rating in a research report on Tuesday, September 9th. Citigroup reissued a “buy” rating and issued a $10.00 price target (down from $13.00) on shares of Payoneer Global in a research report on Thursday, May 22nd. Jefferies Financial Group upped their price objective on Payoneer Global from $8.00 to $8.50 and gave the company a “buy” rating in a research report on Tuesday, May 27th. Finally, Needham & Company LLC upped their price objective on Payoneer Global from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.06.

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.