Prudent Man Advisors LLC Sells 5,980 Shares of Payoneer Global Inc. $PAYO

Prudent Man Advisors LLC lessened its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 19.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,145 shares of the company’s stock after selling 5,980 shares during the quarter. Prudent Man Advisors LLC’s holdings in Payoneer Global were worth $172,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PAYO. Nuveen LLC bought a new stake in Payoneer Global in the 1st quarter worth approximately $28,023,000. Vanguard Group Inc. lifted its position in Payoneer Global by 12.1% in the 1st quarter. Vanguard Group Inc. now owns 33,881,608 shares of the company’s stock worth $247,675,000 after buying an additional 3,656,056 shares during the last quarter. Fiera Capital Corp bought a new stake in Payoneer Global in the 1st quarter worth approximately $12,102,000. Victory Capital Management Inc. lifted its position in Payoneer Global by 50.1% in the 1st quarter. Victory Capital Management Inc. now owns 4,395,656 shares of the company’s stock worth $32,132,000 after buying an additional 1,467,357 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Payoneer Global by 136.4% in the 1st quarter. Invesco Ltd. now owns 2,343,706 shares of the company’s stock worth $17,132,000 after buying an additional 1,352,438 shares during the last quarter. Institutional investors own 82.22% of the company’s stock.

Payoneer Global Stock Up 0.7%

Shares of PAYO stock opened at $6.07 on Monday. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 7.65 and a beta of 0.95. The business’s fifty day moving average is $6.42 and its 200 day moving average is $6.65. Payoneer Global Inc. has a twelve month low of $5.66 and a twelve month high of $11.29.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a return on equity of 13.42% and a net margin of 9.81%.The firm had revenue of $260.61 million during the quarter, compared to analysts’ expectations of $253.17 million. During the same period in the previous year, the company earned $0.09 earnings per share. Payoneer Global’s revenue for the quarter was up 8.8% on a year-over-year basis. Equities research analysts expect that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PAYO. Needham & Company LLC restated a “buy” rating and issued a $10.00 target price on shares of Payoneer Global in a research report on Monday, October 6th. Deutsche Bank Aktiengesellschaft started coverage on Payoneer Global in a research report on Thursday, July 17th. They issued a “buy” rating and a $8.00 price objective for the company. Wall Street Zen downgraded Payoneer Global from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Payoneer Global in a research report on Saturday. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.06.

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.