Payoneer Global Inc. (NASDAQ:PAYO) Stake Boosted by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 2,279.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 289,963 shares of the company’s stock after purchasing an additional 277,777 shares during the period. Teacher Retirement System of Texas’ holdings in Payoneer Global were worth $2,911,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PAYO. Intech Investment Management LLC bought a new stake in Payoneer Global in the 3rd quarter valued at about $458,000. Charles Schwab Investment Management Inc. boosted its position in shares of Payoneer Global by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,337,156 shares of the company’s stock worth $17,599,000 after buying an additional 67,255 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Payoneer Global by 1.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 165,996 shares of the company’s stock worth $1,250,000 after buying an additional 1,907 shares in the last quarter. FMR LLC increased its position in Payoneer Global by 17.2% in the 3rd quarter. FMR LLC now owns 1,129,312 shares of the company’s stock valued at $8,504,000 after acquiring an additional 165,913 shares during the period. Finally, Verition Fund Management LLC grew its stake in shares of Payoneer Global by 28.6% in the third quarter. Verition Fund Management LLC now owns 142,207 shares of the company’s stock worth $1,071,000 after purchasing an additional 31,646 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Wall Street Analyst Weigh In

PAYO has been the topic of a number of recent analyst reports. Wolfe Research cut shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Northland Securities raised their price objective on shares of Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Citigroup upped their target price on Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a research note on Monday, February 3rd. They issued a “buy” rating and a $13.00 price objective on the stock. 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 research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Payoneer Global has a consensus rating of “Moderate Buy” and an average target price of $13.07.

Payoneer Global Stock Down 0.6 %

Shares of NASDAQ:PAYO opened at $7.78 on Wednesday. The company has a market cap of $2.80 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 2.88 and a beta of 0.97. The company’s fifty day moving average is $9.41 and its two-hundred day moving average is $9.32. Payoneer Global Inc. has a 12-month low of $4.66 and a 12-month high of $11.29.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $261.74 million for the quarter, compared to analysts’ expectations of $242.14 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. During the same period last year, the firm earned $0.05 EPS. Equities research analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Beatrice Ordonez sold 85,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total value of $884,000.00. Following the transaction, the chief financial officer now directly owns 2,305,245 shares of the company’s stock, valued at approximately $23,974,548. This represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tsafi Goldman sold 96,350 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total value of $970,244.50. Following the sale, the insider now owns 741,748 shares of the company’s stock, valued at approximately $7,469,402.36. This represents a 11.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.57% of the company’s stock.

Payoneer Global 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.