Temasek Holdings Private Ltd Has $42.12 Million Stock Holdings in Payoneer Global Inc. $PAYO

Temasek Holdings Private Ltd lessened its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 26.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,494,353 shares of the company’s stock after selling 2,658,035 shares during the quarter. Temasek Holdings Private Ltd’s holdings in Payoneer Global were worth $42,118,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Payoneer Global by 1.8% during the fourth quarter. State Street Corp now owns 10,772,088 shares of the company’s stock worth $60,539,000 after buying an additional 195,410 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Payoneer Global by 10.7% during the third quarter. American Century Companies Inc. now owns 7,326,825 shares of the company’s stock worth $44,327,000 after buying an additional 707,790 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Payoneer Global by 3.2% during the third quarter. Dimensional Fund Advisors LP now owns 7,309,436 shares of the company’s stock worth $44,229,000 after buying an additional 224,287 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Payoneer Global by 137.3% during the second quarter. Invesco Ltd. now owns 5,562,623 shares of the company’s stock worth $38,104,000 after buying an additional 3,218,917 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Payoneer Global by 9.3% during the third quarter. Bank of America Corp DE now owns 3,419,039 shares of the company’s stock worth $20,685,000 after buying an additional 289,598 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Analyst Ratings Changes

PAYO has been the subject of several recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $9.00 price objective on shares of Payoneer Global in a report on Wednesday, June 10th. Keefe, Bruyette & Woods dropped their price objective on shares of Payoneer Global from $7.50 to $7.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Bank of America initiated coverage on shares of Payoneer Global in a report on Wednesday, March 25th. They set a “buy” rating and a $6.00 price objective for the company. Needham & Company LLC lowered shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Monday. Finally, Weiss Ratings raised shares of Payoneer Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.40.

Payoneer Global Price Performance

PAYO opened at $7.03 on Tuesday. Payoneer Global Inc. has a one year low of $4.08 and a one year high of $7.66. The stock has a market capitalization of $2.35 billion, a P/E ratio of 35.15, a price-to-earnings-growth ratio of 0.72 and a beta of 1.02. The company’s 50 day simple moving average is $5.18 and its 200-day simple moving average is $5.33.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. The firm had revenue of $261.60 million for the quarter, compared to analysts’ expectations of $255.12 million. During the same period last year, the firm earned $0.05 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, analysts anticipate that Payoneer Global Inc. will post 0.27 EPS for the current year.

Key Payoneer Global News

Here are the key news stories impacting Payoneer Global this week:

• Positive Sentiment: Nuvei agreed to buy Payoneer for $7.40 per share in cash, a deal worth roughly $2.75 billion, which is lifting the stock on acquisition value and takeover premium. Nuvei to Acquire Payoneer for $2.75 Billion, Creating a Leading Global Platform for Local and Cross-Border Commerce
• Positive Sentiment: The combined company is expected to create a broader global payments platform, with management highlighting scale, cross-border commerce capabilities, and access to stablecoin transactions across 190+ countries, which may improve the strategic appeal of the business. Nuvei Inks $2.75 Billion Payoneer Acquisition to Supercharge Cross-Border Commerce
• Neutral Sentiment: Payoneer’s shares were briefly halted on news pending, reflecting the market’s focus on the takeover announcement rather than operating updates. Payoneer to Be Acquired by Nuvei in Cash Deal
• Neutral Sentiment: William Blair reaffirmed a “market perform” rating on Payoneer, which is not driving the stock as much as the takeover news. Benzinga
• Negative Sentiment: Several law firms have launched shareholder investigations into whether Payoneer’s board secured a fair price in the sale, which could create legal overhang and inject some uncertainty into the deal process. Shareholder Alert: Ademi LLP investigates whether Payoneer Global Inc. is obtaining a Fair Price for Public Shareholders

Payoneer Global Company Profile

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.