Marshall Wace LLP Has $7.52 Million Stock Position in Payoneer Global Inc. (NASDAQ:PAYO)

Marshall Wace LLP boosted its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 191.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 749,371 shares of the company’s stock after buying an additional 492,326 shares during the quarter. Marshall Wace LLP owned approximately 0.21% of Payoneer Global worth $7,524,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PAYO. Blue Trust Inc. boosted its stake in shares of Payoneer Global by 21.2% in the 4th quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock valued at $54,000 after purchasing an additional 940 shares in the last quarter. Maryland State Retirement & Pension System boosted its position in Payoneer Global by 1.2% in the fourth 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 in the last quarter. Fifth Third Bancorp boosted its position in Payoneer Global by 29.3% in the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock valued at $45,000 after buying an additional 1,016 shares in 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 worth $1,465,000 after buying an additional 1,498 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its holdings in shares of Payoneer Global by 5.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 30,355 shares of the company’s stock worth $305,000 after buying an additional 1,663 shares in the last quarter. Institutional investors own 82.22% of the company’s stock.

Payoneer Global Stock Performance

Shares of NASDAQ PAYO opened at $6.29 on Wednesday. The company’s 50 day moving average price is $7.68 and its 200-day moving average price is $9.16. Payoneer Global Inc. has a 52-week low of $4.86 and a 52-week high of $11.29. The company has a market capitalization of $2.26 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 2.88 and a beta of 1.02.

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

Wall Street Analyst Weigh In

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

Payoneer Global 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.