American Century Companies Inc. Boosts Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

American Century Companies Inc. lifted its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 241.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,643,744 shares of the company’s stock after buying an additional 1,162,481 shares during the period. American Century Companies Inc. owned approximately 0.44% of Payoneer Global worth $9,106,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PAYO. Charles Schwab Investment Management Inc. grew its position in shares of Payoneer Global by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,084,799 shares of the company’s stock valued at $10,862,000 after buying an additional 9,660 shares during the last quarter. Principal Financial Group Inc. grew its position in Payoneer Global by 1.0% during the 4th quarter. Principal Financial Group Inc. now owns 1,515,870 shares of the company’s stock worth $7,898,000 after purchasing an additional 14,890 shares during the last quarter. Hsbc Holdings PLC purchased a new position in Payoneer Global during the 4th quarter worth $2,201,000. Allianz Asset Management GmbH grew its position in Payoneer Global by 43.5% during the 4th quarter. Allianz Asset Management GmbH now owns 906,735 shares of the company’s stock worth $4,724,000 after purchasing an additional 274,942 shares during the last quarter. Finally, TFO Wealth Partners LLC grew its position in Payoneer Global by 70,636.8% during the 4th quarter. TFO Wealth Partners LLC now owns 40,320 shares of the company’s stock worth $210,000 after purchasing an additional 40,263 shares during the last quarter. 82.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PAYO has been the topic of several research reports. Northland Securities raised their price objective on shares of Payoneer Global from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Citigroup raised their price objective on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research report on Monday, August 12th. The Goldman Sachs Group raised their price objective on shares of Payoneer Global from $6.50 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Cantor Fitzgerald raised shares of Payoneer Global to a “strong-buy” rating in a research report on Monday, August 12th. Finally, Benchmark reissued a “buy” rating and set a $9.00 price objective on shares of Payoneer Global in a research report on Thursday, August 8th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Payoneer Global has an average rating of “Buy” and an average price target of $8.50.

Payoneer Global Stock Performance

Shares of PAYO opened at $7.58 on Monday. The stock has a market cap of $2.83 billion, a P/E ratio of 25.27 and a beta of 0.85. The company has a 50-day moving average of $6.57 and a two-hundred day moving average of $5.72. Payoneer Global Inc. has a 12-month low of $4.22 and a 12-month high of $7.67.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $239.50 million during the quarter, compared to the consensus estimate of $223.12 million. Payoneer Global had a net margin of 11.25% and a return on equity of 15.28%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 earnings per share. As a group, analysts forecast that Payoneer Global Inc. will post 0.25 EPS for the current fiscal year.

Insider Transactions at Payoneer Global

In related news, Director Scott H. Galit sold 390,000 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $5.44, for a total value of $2,121,600.00. Following the completion of the sale, the director now directly owns 2,122,421 shares in the company, valued at $11,545,970.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Scott H. Galit sold 390,000 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $5.44, for a total transaction of $2,121,600.00. Following the transaction, the director now directly owns 2,122,421 shares of the company’s stock, valued at $11,545,970.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Scott H. Galit sold 150,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the transaction, the director now directly owns 1,809,674 shares in the company, valued at $12,794,395.18. The disclosure for this sale can be found here. Insiders sold a total of 1,890,082 shares of company stock worth $10,516,245 over the last ninety days. 5.57% of the stock is currently owned by corporate insiders.

Payoneer Global Company 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.