KBC Group NV Has $147,000 Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

KBC Group NV grew its position in Payoneer Global Inc. (NASDAQ:PAYO) by 86.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,619 shares of the company’s stock after buying an additional 6,784 shares during the quarter. KBC Group NV’s holdings in Payoneer Global were worth $147,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in PAYO. Blue Trust Inc. lifted its stake in Payoneer Global by 135.2% in the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock worth $33,000 after acquiring an additional 2,552 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Payoneer Global by 29.3% in the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock worth $45,000 after purchasing an additional 1,016 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Payoneer Global by 438.5% during the third quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock worth $44,000 after purchasing an additional 4,736 shares during the period. FSC Wealth Advisors LLC acquired a new stake in shares of Payoneer Global during the third quarter worth approximately $68,000. Finally, Advisor Resource Council purchased a new position in Payoneer Global during the third quarter valued at approximately $105,000. 82.22% of the stock is owned by hedge funds and other institutional investors.

Payoneer Global Stock Performance

Shares of PAYO stock opened at $10.80 on Friday. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 30.86 and a beta of 0.93. The stock’s 50 day simple moving average is $10.37 and its 200 day simple moving average is $8.76. Payoneer Global Inc. has a twelve month low of $4.22 and a twelve month high of $11.29.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business had revenue of $248.30 million during the quarter, compared to analysts’ expectations of $225.44 million. During the same period in the previous year, the company earned $0.05 earnings per share. Payoneer Global’s revenue for the quarter was up 19.4% on a year-over-year basis. On average, analysts forecast that Payoneer Global Inc. will post 0.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PAYO. Citigroup lifted their target price on shares of Payoneer Global from $8.50 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft started coverage on Payoneer Global in a research report on Monday. They set a “buy” rating and a $13.00 price objective for the company. Wolfe Research lowered Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods cut their price target on Payoneer Global from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Monday, January 6th. Finally, Northland Securities boosted their price target on Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Insider Buying and Selling

In other news, insider Crossover Managemen Technology sold 7,500,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $10.32, for a total value of $77,400,000.00. Following the sale, the insider now owns 34,197,116 shares in the company, valued at approximately $352,914,237.12. This trade represents a 17.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tsafi Goldman sold 96,350 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total transaction of $970,244.50. Following the transaction, the insider now owns 741,748 shares of the company’s stock, valued at approximately $7,469,402.36. The trade was a 11.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,999,625 shares of company stock worth $82,498,514 in the last quarter. 5.57% of the stock is currently owned by company insiders.

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.