Hsbc Holdings PLC Has $3.40 Million Stake in Payoneer Global Inc. $PAYO

Hsbc Holdings PLC grew its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 372.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 603,407 shares of the company’s stock after acquiring an additional 475,776 shares during the quarter. Hsbc Holdings PLC’s holdings in Payoneer Global were worth $3,400,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. State Street Corp increased its stake in Payoneer Global by 1.8% during the 4th quarter. State Street Corp now owns 10,772,088 shares of the company’s stock worth $60,539,000 after purchasing an additional 195,410 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Payoneer Global by 1.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,436,470 shares of the company’s stock worth $58,654,000 after buying an additional 182,614 shares during the period. American Century Companies Inc. lifted its stake in Payoneer Global by 10.7% in the third quarter. American Century Companies Inc. now owns 7,326,825 shares of the company’s stock valued at $44,327,000 after buying an additional 707,790 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Payoneer Global by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 7,309,436 shares of the company’s stock valued at $44,229,000 after buying an additional 224,287 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Payoneer Global by 137.3% in the second quarter. Invesco Ltd. now owns 5,562,623 shares of the company’s stock valued at $38,104,000 after buying an additional 3,218,917 shares during the period. Institutional investors and hedge funds own 82.22% of the company’s stock.

Insider Buying and Selling at Payoneer Global

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on PAYO. Wall Street Zen raised shares of Payoneer Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Northland Securities set a $7.40 price objective on shares of Payoneer Global in a research report on Monday, June 15th. Keefe, Bruyette & Woods lowered shares of Payoneer Global from a “moderate buy” rating to a “hold” rating in a research note on Monday, June 15th. Benchmark cut Payoneer Global from a “buy” rating to a “hold” rating in a report on Thursday, June 18th. Finally, Bank of America assumed coverage on Payoneer Global in a research note on Wednesday, March 25th. They issued a “buy” rating and a $6.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.40.

Payoneer Global Stock Performance

Shares of PAYO opened at $7.13 on Monday. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 0.76 and a beta of 1.02. Payoneer Global Inc. has a 12 month low of $4.08 and a 12 month high of $7.66. The firm has a fifty day simple moving average of $5.58 and a 200 day simple moving average of $5.41.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. The firm had revenue of $261.60 million for the quarter, compared to analyst estimates of $255.12 million. During the same period in the previous year, the business earned $0.05 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. As a group, research analysts predict that Payoneer Global Inc. will post 0.27 earnings per share for the current fiscal year.

Payoneer Global 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.