Fiera Capital Corp Buys 22,995 Shares of Payoneer Global Inc. $PAYO

Fiera Capital Corp raised its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,678,483 shares of the company’s stock after acquiring an additional 22,995 shares during the period. Fiera Capital Corp’s holdings in Payoneer Global were worth $11,498,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Payoneer Global during the 1st quarter valued at about $34,000. IFP Advisors Inc boosted its stake in Payoneer Global by 47,800.0% during the first quarter. IFP Advisors Inc now owns 6,227 shares of the company’s stock valued at $46,000 after buying an additional 6,214 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Payoneer Global by 35.9% during the 1st quarter. Advisors Asset Management Inc. now owns 11,597 shares of the company’s stock valued at $85,000 after buying an additional 3,066 shares in the last quarter. Cerity Partners LLC bought a new stake in Payoneer Global in the 1st quarter worth approximately $96,000. Finally, DRW Securities LLC bought a new stake in Payoneer Global in the 1st quarter worth approximately $103,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on PAYO shares. Wall Street Zen raised shares of Payoneer Global from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Jefferies Financial Group set a $7.00 price objective on shares of Payoneer Global in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a report on Thursday, July 17th. They issued a “buy” rating and a $8.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Payoneer Global in a report on Wednesday, October 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $10.00 price objective on shares of Payoneer Global in a research note on Monday, October 6th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.57.

Payoneer Global Price Performance

Payoneer Global stock opened at $5.57 on Friday. The firm has a market capitalization of $2.01 billion, a P/E ratio of 29.32, a price-to-earnings-growth ratio of 6.62 and a beta of 0.94. Payoneer Global Inc. has a 1-year low of $4.91 and a 1-year high of $11.29. The company’s 50-day moving average is $6.11 and its 200 day moving average is $6.57.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results 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 business had revenue of $270.85 million for the quarter, compared to analysts’ expectations of $262.66 million. Payoneer Global had a net margin of 6.96% and a return on equity of 10.71%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. Payoneer Global has set its FY 2025 guidance at EPS. Research analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

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.