OMERS ADMINISTRATION Corp Sells 141,441 Shares of Payoneer Global Inc. $PAYO

OMERS ADMINISTRATION Corp reduced its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 38.7% in the first quarter, HoldingsChannel reports. The fund owned 224,200 shares of the company’s stock after selling 141,441 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Payoneer Global were worth $1,083,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Payoneer Global by 29.7% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,461,782 shares of the company’s stock worth $7,060,000 after purchasing an additional 335,101 shares in the last quarter. State of Wyoming purchased a new stake in shares of Payoneer Global during the first quarter valued at $57,000. First Trust Advisors LP increased its holdings in Payoneer Global by 305.8% in the 1st quarter. First Trust Advisors LP now owns 222,113 shares of the company’s stock worth $1,073,000 after buying an additional 167,372 shares in the last quarter. Commonwealth Financial Services LLC purchased a new position in Payoneer Global in the 1st quarter worth about $121,000. Finally, Dimensional Fund Advisors LP raised its position in Payoneer Global by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,544,420 shares of the company’s stock worth $36,438,000 after buying an additional 263,030 shares during the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Payoneer Global

In other Payoneer Global news, CFO Beatrice Ordonez sold 25,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $7.01, for a total transaction of $175,250.00. Following the completion of the sale, the chief financial officer owned 2,887,266 shares of the company’s stock, valued at approximately $20,239,734.66. The trade was a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.06% of the company’s stock.

Payoneer Global Trading Up 0.6%

PAYO opened at $7.16 on Friday. Payoneer Global Inc. has a 1-year low of $4.08 and a 1-year high of $7.66. The company has a market capitalization of $2.40 billion, a PE ratio of 35.80, a PEG ratio of 0.80 and a beta of 0.95. The firm’s 50 day simple moving average is $6.58 and its two-hundred day simple moving average is $5.65.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $261.60 million during the quarter, compared to the consensus estimate of $255.12 million. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 EPS. Equities analysts forecast that Payoneer Global Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Payoneer Global from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Needham & Company LLC downgraded shares of Payoneer Global from a “buy” rating to a “hold” rating in a research report on Monday, June 15th. Keefe, Bruyette & Woods cut shares of Payoneer Global from a “moderate buy” rating to a “hold” rating in a report on Monday, June 15th. William Blair downgraded shares of Payoneer Global from an “outperform” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $7.40 target price on shares of Payoneer Global in a research note on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.40.

Payoneer Global Company 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.