Payoneer Global Inc. $PAYO Stock Position Lowered by Franklin Resources Inc.

Franklin Resources Inc. trimmed its position in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 61.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,676 shares of the company’s stock after selling 95,031 shares during the period. Franklin Resources Inc.’s holdings in Payoneer Global were worth $409,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Payoneer Global by 12.1% in the first quarter. Vanguard Group Inc. now owns 33,881,608 shares of the company’s stock worth $247,675,000 after buying an additional 3,656,056 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Payoneer Global by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,016 shares of the company’s stock valued at $132,000 after acquiring an additional 1,808 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Payoneer Global by 136.4% in the 1st quarter. Invesco Ltd. now owns 2,343,706 shares of the company’s stock valued at $17,132,000 after purchasing an additional 1,352,438 shares during the period. Virtu Financial LLC purchased a new stake in shares of Payoneer Global in the first quarter worth approximately $131,000. Finally, Nuveen LLC acquired a new stake in shares of Payoneer Global during the first quarter worth approximately $28,023,000. 82.22% of the stock is owned by institutional investors and hedge funds.

Payoneer Global Stock Down 0.5%

Shares of PAYO stock opened at $5.65 on Tuesday. Payoneer Global Inc. has a 12 month low of $4.91 and a 12 month high of $11.19. The company has a market cap of $2.01 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 7.69 and a beta of 1.00. The business’s 50 day moving average is $5.79 and its two-hundred day moving average is $6.40.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $270.85 million for the quarter, compared to the consensus estimate of $262.66 million. Payoneer Global had a return on equity of 10.71% and a net margin of 6.96%.Payoneer Global’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. As a group, equities analysts expect that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PAYO shares. Jefferies Financial Group set a $7.00 target price on shares of Payoneer Global in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Payoneer Global in a research note on Wednesday, October 8th. Needham & Company LLC reissued a “buy” rating and set a $10.00 price objective on shares of Payoneer Global in a research report on Monday, October 6th. Finally, Wall Street Zen raised Payoneer Global from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Payoneer Global presently has an average rating of “Moderate Buy” and an average price target of $8.83.

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.