Everence Capital Management Inc. Sells 14,470 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Everence Capital Management Inc. trimmed its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 41.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,400 shares of the company’s stock after selling 14,470 shares during the period. Everence Capital Management Inc.’s holdings in Payoneer Global were worth $205,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Victory Capital Management Inc. grew its position in Payoneer Global by 17.1% during the second quarter. Victory Capital Management Inc. now owns 4,417,785 shares of the company’s stock worth $24,475,000 after buying an additional 645,887 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Payoneer Global by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,337,156 shares of the company’s stock worth $17,599,000 after purchasing an additional 67,255 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Payoneer Global during the 3rd quarter worth approximately $415,000. Wedge Capital Management L L P NC bought a new stake in shares of Payoneer Global during the third quarter valued at approximately $1,509,000. Finally, FMR LLC raised its stake in shares of Payoneer Global by 17.2% in the third quarter. FMR LLC now owns 1,129,312 shares of the company’s stock valued at $8,504,000 after purchasing an additional 165,913 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Insiders Place Their Bets

In other Payoneer Global news, insider Crossover Managemen Technology sold 7,500,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $10.32, for a total transaction of $77,400,000.00. Following the completion of the sale, the insider now directly owns 34,197,116 shares of the company’s stock, valued at approximately $352,914,237.12. The trade was a 17.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Itai Perry sold 4,100 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $8.00, for a total transaction of $32,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 228,738 shares in the company, valued at $1,829,904. This trade represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,918,725 shares of company stock valued at $81,647,314. Insiders own 5.57% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wolfe Research lowered shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday. Northland Securities upped their target price on shares of Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Benchmark raised their price target on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group upped their price objective on Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Needham & Company LLC raised their target price on Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Payoneer Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.21.

Payoneer Global Price Performance

NASDAQ PAYO opened at $10.07 on Thursday. The stock’s 50 day simple moving average is $10.33 and its 200 day simple moving average is $8.04. Payoneer Global Inc. has a one year low of $4.22 and a one year high of $11.29. The firm has a market cap of $3.59 billion, a PE ratio of 28.77 and a beta of 0.92.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The company had revenue of $248.30 million during the quarter, compared to analyst estimates of $225.44 million. During the same period last year, the company posted $0.05 earnings per share. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. As a group, equities analysts expect that Payoneer Global Inc. will post 0.35 earnings per share for the current year.

Payoneer Global Profile

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.