FSC Wealth Advisors LLC Acquires Shares of 9,005 Payoneer Global Inc. (NASDAQ:PAYO)

FSC Wealth Advisors LLC acquired a new stake in Payoneer Global Inc. (NASDAQ:PAYO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,005 shares of the company’s stock, valued at approximately $68,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Xponance Inc. increased its holdings in Payoneer Global by 12.1% in the second quarter. Xponance Inc. now owns 17,928 shares of the company’s stock valued at $99,000 after buying an additional 1,942 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Payoneer Global by 27.8% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,541 shares of the company’s stock valued at $46,000 after buying an additional 2,074 shares in the last quarter. Y.D. More Investments Ltd increased its holdings in Payoneer Global by 11.7% in the second quarter. Y.D. More Investments Ltd now owns 22,142 shares of the company’s stock valued at $122,000 after buying an additional 2,328 shares in the last quarter. Blue Trust Inc. increased its holdings in Payoneer Global by 135.2% in the third quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock valued at $33,000 after buying an additional 2,552 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its holdings in Payoneer Global by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 227,988 shares of the company’s stock valued at $1,108,000 after buying an additional 2,958 shares in the last quarter. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Analyst Ratings Changes

PAYO has been the subject of a number of research reports. Benchmark boosted their target price on shares of Payoneer Global from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday. The Goldman Sachs Group boosted their target price on shares of Payoneer Global from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Keefe, Bruyette & Woods boosted their target price on shares of Payoneer Global from $7.00 to $8.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Needham & Company LLC boosted their target price on shares of Payoneer Global from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Finally, Citigroup boosted their target price on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research note on Monday, August 12th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Payoneer Global has a consensus rating of “Buy” and an average price target of $8.93.

Insider Buying and Selling

In related news, Director Scott H. Galit sold 150,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the completion of the transaction, the director now owns 1,809,674 shares of the company’s stock, valued at approximately $12,794,395.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CAO Itai Perry sold 4,100 shares of the stock in a transaction that occurred on 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 owns 228,738 shares of the company’s stock, valued at approximately $1,829,904. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Scott H. Galit sold 150,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 1,809,674 shares in the company, valued at approximately $12,794,395.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 158,000 shares of company stock valued at $1,124,500. Company insiders own 5.57% of the company’s stock.

Payoneer Global Price Performance

NASDAQ:PAYO opened at $8.49 on Wednesday. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 28.30 and a beta of 0.85. The company’s 50-day moving average is $7.46 and its two-hundred day moving average is $6.20. Payoneer Global Inc. has a 1-year low of $4.22 and a 1-year high of $8.56.

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

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.