WINTON GROUP Ltd Cuts Stock Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

WINTON GROUP Ltd reduced its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 1.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 204,310 shares of the company’s stock after selling 2,110 shares during the quarter. WINTON GROUP Ltd’s holdings in Payoneer Global were worth $1,132,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PAYO. SageView Advisory Group LLC purchased a new stake in shares of Payoneer Global in the first quarter valued at about $39,000. Harel Insurance Investments & Financial Services Ltd. grew its position in Payoneer Global by 27.8% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,541 shares of the company’s stock worth $46,000 after purchasing an additional 2,074 shares in the last quarter. Blueshift Asset Management LLC purchased a new stake in Payoneer Global in the 4th quarter valued at about $56,000. Sage Rhino Capital LLC bought a new position in shares of Payoneer Global during the 2nd quarter worth approximately $56,000. Finally, Trueblood Wealth Management LLC purchased a new position in shares of Payoneer Global in the 1st quarter worth approximately $101,000. 82.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PAYO has been the topic of a number of recent analyst reports. Cantor Fitzgerald upgraded Payoneer Global to a “strong-buy” rating in a report on Monday, August 12th. The Goldman Sachs Group raised their target price on Payoneer Global from $6.50 to $8.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Benchmark reissued a “buy” rating and issued a $9.00 price target on shares of Payoneer Global in a report on Thursday, August 8th. Keefe, Bruyette & Woods raised their price objective on shares of Payoneer Global from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Finally, Needham & Company LLC boosted their target price on shares of Payoneer Global from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $8.50.

Payoneer Global Stock Down 1.3 %

NASDAQ PAYO opened at $7.38 on Monday. The company has a market cap of $2.76 billion, a PE ratio of 24.60 and a beta of 0.85. Payoneer Global Inc. has a 52 week low of $4.22 and a 52 week high of $7.59. The firm’s 50-day simple moving average is $6.36 and its two-hundred day simple moving average is $5.63.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Payoneer Global had a net margin of 11.25% and a return on equity of 15.28%. The company had revenue of $239.50 million for the quarter, compared to analysts’ expectations of $223.12 million. During the same period in the prior year, the company posted $0.12 EPS. Payoneer Global’s revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Payoneer Global Inc. will post 0.25 EPS for the current year.

Insider Transactions at Payoneer Global

In related news, Director Scott H. Galit sold 150,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the sale, the director now directly owns 1,809,674 shares in the company, valued at approximately $12,794,395.18. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Scott H. Galit sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total value of $1,060,500.00. Following the completion of the transaction, the director now directly owns 1,809,674 shares in the company, valued at $12,794,395.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott H. Galit sold 10,601 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $5.52, for a total transaction of $58,517.52. Following the sale, the director now directly owns 2,122,421 shares in the company, valued at approximately $11,715,763.92. The disclosure for this sale can be found here. Insiders sold 1,890,082 shares of company stock valued at $10,516,245 over the last three months. Company insiders own 5.57% of the company’s stock.

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.