State of Alaska Department of Revenue Raises Stake in Payoneer Global Inc. (NASDAQ:PAYO)

State of Alaska Department of Revenue raised its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 145,923 shares of the company’s stock after buying an additional 1,498 shares during the quarter. State of Alaska Department of Revenue’s holdings in Payoneer Global were worth $1,465,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its holdings in shares of Payoneer Global by 29.3% during the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock worth $45,000 after purchasing an additional 1,016 shares during the period. Van ECK Associates Corp grew its holdings in shares of Payoneer Global by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 84,209 shares of the company’s stock worth $634,000 after purchasing an additional 1,306 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Payoneer Global by 1.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 165,996 shares of the company’s stock worth $1,250,000 after purchasing an additional 1,907 shares during the period. GAMMA Investing LLC grew its holdings 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 period. Finally, Blue Trust Inc. grew its holdings in shares of Payoneer Global by 135.2% during the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock worth $33,000 after purchasing an additional 2,552 shares during the period. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PAYO. Northland Securities increased their price target on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Keefe, Bruyette & Woods decreased their target price on Payoneer Global from $12.00 to $11.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. The Goldman Sachs Group increased their target price on Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Benchmark increased their target price on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research note on Monday, February 3rd. They set a “buy” rating and a $13.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $12.00.

Payoneer Global Stock Up 0.8 %

Shares of Payoneer Global stock opened at $10.09 on Thursday. Payoneer Global Inc. has a 12 month low of $4.22 and a 12 month high of $11.29. The stock has a market cap of $3.60 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93. The business has a fifty day simple moving average of $10.34 and a 200-day simple moving average of $8.91.

Insider Buying and Selling

In related news, CFO Beatrice Ordonez sold 85,000 shares of Payoneer Global stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total transaction of $884,000.00. Following the completion of the sale, the chief financial officer now directly owns 2,305,245 shares of the company’s stock, valued at $23,974,548. The trade was 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 at this link. Also, insider Tsafi Goldman sold 263,873 shares of Payoneer Global stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.10, for a total value of $2,665,117.30. Following the transaction, the insider now owns 741,748 shares in the company, valued at $7,491,654.80. This trade represents a 26.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 499,625 shares of company stock valued at $5,098,514. Company insiders own 5.57% of the company’s stock.

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.