Intech Investment Management LLC Decreases Stock Holdings in Payoneer Global Inc. $PAYO

Intech Investment Management LLC lowered its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 6.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 285,889 shares of the company’s stock after selling 20,313 shares during the period. Intech Investment Management LLC’s holdings in Payoneer Global were worth $1,958,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Maryland State Retirement & Pension System increased its holdings in Payoneer Global by 2.2% in the 2nd quarter. Maryland State Retirement & Pension System now owns 76,528 shares of the company’s stock valued at $524,000 after purchasing an additional 1,652 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Payoneer Global by 4.4% during the second quarter. Bank of Montreal Can now owns 40,713 shares of the company’s stock worth $279,000 after purchasing an additional 1,710 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Payoneer Global by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,016 shares of the company’s stock worth $132,000 after buying an additional 1,808 shares during the period. Yousif Capital Management LLC boosted its position in shares of Payoneer Global by 2.0% in the second quarter. Yousif Capital Management LLC now owns 97,014 shares of the company’s stock worth $665,000 after buying an additional 1,948 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of Payoneer Global by 35.9% in the first 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. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Stock Up 3.0%

Shares of NASDAQ PAYO opened at $5.54 on Friday. Payoneer Global Inc. has a fifty-two week low of $4.91 and a fifty-two week high of $11.29. The business has a 50 day moving average price of $5.97 and a two-hundred day moving average price of $6.51. The firm has a market cap of $1.97 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 6.19 and a beta of 0.94.

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 analysts’ consensus estimates of $0.06 by ($0.02). Payoneer Global had a net margin of 6.96% and a return on equity of 10.71%. The business had revenue of $270.85 million during the quarter, compared to analyst estimates of $262.66 million. During the same period in the previous year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Payoneer Global has set its FY 2025 guidance at EPS. On average, analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PAYO shares. Wall Street Zen raised Payoneer Global from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price objective on shares of Payoneer Global in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Payoneer Global in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group set a $7.00 price target on shares of Payoneer Global in a report on Wednesday, November 5th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Payoneer Global currently has an average rating of “Moderate Buy” and an average price target of $9.57.

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.