Connor Clark & Lunn Investment Management Ltd. Takes $3.04 Million Position in Payoneer Global Inc. (NASDAQ:PAYO)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 302,500 shares of the company’s stock, valued at approximately $3,037,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.08% of Payoneer Global at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in shares of Payoneer Global by 405.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company’s stock worth $38,000 after purchasing an additional 3,064 shares in the last quarter. Fifth Third Bancorp lifted its stake in Payoneer Global by 29.3% in the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock valued at $45,000 after acquiring an additional 1,016 shares during the last quarter. Blue Trust Inc. grew its position in Payoneer Global by 21.2% in the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock worth $54,000 after acquiring an additional 940 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Payoneer Global by 41.7% during the 4th quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock worth $83,000 after purchasing an additional 2,425 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new position in shares of Payoneer Global during the 4th quarter valued at $105,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Payoneer Global Trading Up 1.5 %

PAYO opened at $7.31 on Tuesday. Payoneer Global Inc. has a 1-year low of $4.27 and a 1-year high of $11.29. The business has a 50 day moving average of $9.70 and a 200-day moving average of $9.30. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 20.89, a P/E/G ratio of 2.88 and a beta of 0.97.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The company had revenue of $261.74 million for the quarter, compared to analyst estimates of $242.14 million. During the same period in the prior year, the company posted $0.05 EPS. Equities analysts predict that Payoneer Global Inc. will post 0.34 EPS for the current year.

Analysts Set New Price Targets

PAYO has been the subject of a number of recent research reports. Wolfe Research cut shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a report on Monday, February 3rd. They set a “buy” rating and a $13.00 price objective on the stock. Northland Securities boosted their target price on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Citigroup increased their price target on Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Payoneer Global from $11.00 to $10.00 and set a “market perform” rating on the stock in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.07.

Insider Transactions at Payoneer Global

In related news, CFO Beatrice Ordonez sold 85,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value of $884,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,305,245 shares of the company’s stock, valued at $23,974,548. This trade represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tsafi Goldman sold 96,350 shares of Payoneer Global stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total transaction of $970,244.50. Following the sale, the insider now owns 741,748 shares in the company, valued at $7,469,402.36. This represents a 11.50 % decrease in their position. The disclosure for this sale can be found here. 5.57% of the stock is owned by 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.