Quantbot Technologies LP Purchases New Holdings in Payoneer Global Inc. $PAYO

Quantbot Technologies LP acquired a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 85,621 shares of the company’s stock, valued at approximately $610,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada boosted its position in shares of Payoneer Global by 299.7% in the 1st quarter. Royal Bank of Canada now owns 158,997 shares of the company’s stock worth $1,162,000 after purchasing an additional 119,219 shares in the last quarter. AQR Capital Management LLC increased its position in Payoneer Global by 8.8% during the 1st quarter. AQR Capital Management LLC now owns 291,908 shares of the company’s stock valued at $2,134,000 after buying an additional 23,533 shares in the last quarter. Caxton Associates LLP purchased a new position in Payoneer Global during the first quarter valued at $172,000. United Services Automobile Association purchased a new position in Payoneer Global during the first quarter valued at $126,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Payoneer Global by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 757,827 shares of the company’s stock worth $5,540,000 after acquiring an additional 41,970 shares in the last quarter. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PAYO shares. Keefe, Bruyette & Woods downgraded Payoneer Global from a “moderate buy” rating to a “hold” rating in a report on Monday, June 15th. Needham & Company LLC lowered shares of Payoneer Global from a “buy” rating to a “hold” rating in a research note on Monday, June 15th. Weiss Ratings downgraded shares of Payoneer Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Benchmark cut shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Thursday, June 18th. Finally, Northland Securities set a $7.40 price target on shares of Payoneer Global in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Payoneer Global presently has an average rating of “Hold” and a consensus target price of $7.40.

Payoneer Global Stock Up 0.1%

Shares of PAYO stock opened at $7.13 on Friday. The company has a 50 day moving average price of $7.11 and a 200-day moving average price of $5.83. Payoneer Global Inc. has a 52 week low of $4.08 and a 52 week high of $7.18. The firm has a market capitalization of $2.42 billion, a PE ratio of 50.93, a P/E/G ratio of 1.49 and a beta of 0.96.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). Payoneer Global had a net margin of 4.65% and a return on equity of 9.97%. The company had revenue of $274.26 million for the quarter, compared to the consensus estimate of $270.98 million. During the same quarter last year, the company earned $0.05 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts anticipate that Payoneer Global Inc. will post 0.2 earnings per share for the current year.

Insider Buying and Selling at Payoneer Global

In other news, CFO Beatrice Ordonez sold 25,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $7.01, for a total transaction of $175,250.00. Following the transaction, the chief financial officer directly owned 2,887,266 shares of the company’s stock, valued at $20,239,734.66. This represents a 0.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.06% of the stock is owned by insiders.

Payoneer Global Company Profile

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.