2 weeks Ago By Defense World Staff
Bank of Montreal Can lifted its holdings in Payoneer Global Inc. (NASDAQ:PAYO – Free Report) by 8.6% during the 4th quarter, according to its most recent disclosure with the SEC.
The institutional investor owned 28,613 shares of the company’s stock after acquiring an additional 2,258 shares during the period. Bank of Montreal Can’s holdings in Payoneer Global were worth $287,000 as of its most recent filing with the SEC. A number of other institutional investors and hedge funds have also recently made changes to their positions in the business.
Arrowstreet Capital Limited Partnership grew its stake in Payoneer Global by 200.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company’s stock worth $34,842,000 after buying an additional 2,313,481 shares in the last quarter.
Norges Bank bought a new position in Payoneer Global in the fourth quarter valued at about $18,130,000. American Century Companies Inc. boosted its stake in shares of Payoneer Global by 24.
8% in the 4th quarter. American Century Companies Inc. now owns 8,166,652 shares of the company’s stock valued at $81,993,000 after purchasing an additional 1,624,948 shares in the last quarter.
JPMorgan Chase & Co. lifted its stake in Payoneer Global by 414.4% in the 4th quarter.
JPMorgan Chase & Co. now owns 1,162,304 shares of the company’s stock valued at $11,670,000 after purchasing an additional 936,345 shares during the last quarter. Finally, Lord Abbett & CO.
LLC acquired a new position in shares of Payoneer Global during the third quarter worth $6,064,000. Institutional investors and hedge funds own 82.22% of the company’s stock.
Payoneer Global Price PerformanceNASDAQ PAYO opened at $6.65 on Thursday. Payoneer Global Inc.
has a 1 year low of $4.86 and a 1 year high of $11.29.
The stock has a market capitalization of $2.39 billion, a PE ratio of 19.00, a P/E/G ratio of 2.
88 and a beta of 1.02. The company’s 50 day simple moving average is $7.
61 and its two-hundred day simple moving average is $9.14. Payoneer Global (NASDAQ:PAYO – Get Free Report) last posted its quarterly earnings data on Thursday, February 27th.
The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.
01). The company had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.
14 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.
82%. During the same period in the prior year, the firm posted $0.05 earnings per share.
On average, research analysts anticipate that Payoneer Global Inc. will post 0.34 EPS for the current year.
Analysts Set New Price TargetsSeveral equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a research report on Monday, February 3rd. They set a “buy” rating and a $13.
00 target price on the stock. Wolfe Research downgraded shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Citigroup raised their target price on Payoneer Global from $14.
50 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods reduced their price target on shares of Payoneer Global from $10.
00 to $8.00 and set a “market perform” rating for the company in a report on Monday, March 31st. Finally, The Goldman Sachs Group cut their price target on Payoneer Global from $11.
00 to $9.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock.
According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.36.
Read Our Latest Report on Payoneer GlobalPayoneer Global Profile (Free Report)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.
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