OMERS ADMINISTRATION Corp Takes Position in Payoneer Global Inc. $PAYO

OMERS ADMINISTRATION Corp bought a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 315,800 shares of the company’s stock, valued at approximately $2,248,000.

A number of other institutional investors have also made changes to their positions in the business. Leonteq Securities AG raised its stake in Payoneer Global by 72.0% in the 1st quarter. Leonteq Securities AG now owns 6,496 shares of the company’s stock valued at $31,000 after acquiring an additional 2,720 shares during the period. Osaic Holdings Inc. boosted its position in Payoneer Global by 246.5% during the second quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock worth $33,000 after purchasing an additional 3,298 shares during the period. GAMMA Investing LLC increased its holdings in shares of Payoneer Global by 73.8% in the second quarter. GAMMA Investing LLC now owns 5,777 shares of the company’s stock valued at $41,000 after purchasing an additional 2,453 shares during the last quarter. Resonant Capital Advisors LLC acquired a new position in shares of Payoneer Global in the first quarter valued at $49,000. Finally, CWM LLC raised its position in shares of Payoneer Global by 178.6% in the fourth quarter. CWM LLC now owns 9,384 shares of the company’s stock valued at $53,000 after purchasing an additional 6,016 shares during the period. 82.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Northland Securities set a $7.40 price objective on Payoneer Global in a report on Monday, June 15th. William Blair cut Payoneer Global from an “outperform” rating to a “hold” rating in a report on Monday, June 15th. Citigroup downgraded Payoneer Global from a “buy” rating to a “neutral” rating and reduced their price target for the company from $10.00 to $7.40 in a research note on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft lowered Payoneer Global from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Finally, Keefe, Bruyette & Woods cut Payoneer Global from a “moderate buy” rating to a “hold” rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Payoneer Global presently has an average rating of “Hold” and a consensus price target of $7.40.

Insider Transactions at Payoneer Global

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

Payoneer Global Stock Up 0.1%

NASDAQ PAYO opened at $7.12 on Thursday. The firm has a 50-day moving average price of $7.10 and a two-hundred day moving average price of $5.82. Payoneer Global Inc. has a 12-month low of $4.08 and a 12-month high of $7.18. The company has a market capitalization of $2.41 billion, a P/E ratio of 50.86, a P/E/G ratio of 1.49 and a beta of 0.96.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.07). Payoneer Global had a return on equity of 9.97% and a net margin of 4.65%.The business had revenue of $274.26 million for the quarter, compared to the consensus estimate of $270.98 million. During the same period in the prior year, the business posted $0.05 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts expect that Payoneer Global Inc. will post 0.2 EPS for the current 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.