Thrivent Financial for Lutherans Has $1.50 Million Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

Thrivent Financial for Lutherans lowered its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 5.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 198,745 shares of the company’s stock after selling 11,546 shares during the period. Thrivent Financial for Lutherans owned approximately 0.05% of Payoneer Global worth $1,497,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PAYO. AXA S.A. grew its position in Payoneer Global by 1,394.5% in the 2nd quarter. AXA S.A. now owns 14,176,485 shares of the company’s stock worth $78,538,000 after purchasing an additional 13,227,884 shares in the last quarter. Legion Partners Asset Management LLC purchased a new position in shares of Payoneer Global in the 2nd quarter worth approximately $12,360,000. American Century Companies Inc. grew its holdings in shares of Payoneer Global by 241.5% in the second quarter. American Century Companies Inc. now owns 1,643,744 shares of the company’s stock valued at $9,106,000 after acquiring an additional 1,162,481 shares in the last quarter. Millennium Management LLC increased its position in shares of Payoneer Global by 17.3% during the second quarter. Millennium Management LLC now owns 6,764,016 shares of the company’s stock valued at $37,473,000 after acquiring an additional 995,366 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Payoneer Global by 22.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,593,005 shares of the company’s stock worth $25,446,000 after acquiring an additional 849,680 shares during the period. 82.22% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Crossover Managemen Technology sold 7,500,000 shares of Payoneer Global stock in a transaction on 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 owns 34,197,116 shares of the company’s stock, valued at approximately $352,914,237.12. This trade represents a 17.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Itai Perry sold 4,100 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $8.00, for a total value of $32,800.00. Following the completion of the transaction, the chief accounting officer now owns 228,738 shares in the company, valued at $1,829,904. This represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,562,402 shares of company stock worth $78,043,152 in the last quarter. 5.57% of the stock is owned by company insiders.

Payoneer Global Trading Up 0.4 %

Shares of PAYO stock opened at $10.91 on Friday. The firm’s 50 day moving average is $9.04 and its 200 day moving average is $7.15. The stock has a market capitalization of $3.89 billion, a P/E ratio of 31.17 and a beta of 0.82. Payoneer Global Inc. has a 12 month low of $4.22 and a 12 month high of $11.29.

Payoneer Global (NASDAQ:PAYO) last posted its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.07. The firm had revenue of $248.30 million for the quarter, compared to the consensus estimate of $225.44 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 earnings per share. On average, equities analysts predict that Payoneer Global Inc. will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

PAYO has been the subject of several research analyst reports. Cantor Fitzgerald raised Payoneer Global to a “strong-buy” rating in a research report on Monday, August 12th. 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 report on Monday, August 12th. Needham & Company LLC boosted their target price on shares of Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, November 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. Finally, The Goldman Sachs Group lifted their price target on shares of Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $10.79.

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.