Louisiana State Employees Retirement System Grows Stock Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

Louisiana State Employees Retirement System boosted its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,100 shares of the company’s stock after buying an additional 1,700 shares during the period. Louisiana State Employees Retirement System’s holdings in Payoneer Global were worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Entropy Technologies LP purchased a new position in Payoneer Global in the 4th quarter valued at approximately $540,000. State of Alaska Department of Revenue grew its stake in Payoneer Global by 1.0% in the 4th quarter. State of Alaska Department of Revenue now owns 145,923 shares of the company’s stock valued at $1,465,000 after buying an additional 1,498 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Payoneer Global in the 4th quarter valued at approximately $1,233,000. KBC Group NV grew its stake in Payoneer Global by 86.6% in the 4th quarter. KBC Group NV now owns 14,619 shares of the company’s stock valued at $147,000 after buying an additional 6,784 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Payoneer Global by 29.3% in the 4th 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 in the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Payoneer Global

In other Payoneer Global news, insider Tsafi Goldman sold 96,350 shares of the company’s 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Beatrice Ordonez sold 85,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total transaction of $884,000.00. Following the transaction, the chief financial officer now owns 2,305,245 shares in the company, valued at approximately $23,974,548. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 446,796 shares of company stock worth $4,536,413. Insiders own 5.57% of the company’s stock.

Payoneer Global Price Performance

Shares of NASDAQ:PAYO opened at $10.56 on Monday. Payoneer Global Inc. has a 1 year low of $4.22 and a 1 year high of $11.29. The firm has a market capitalization of $3.77 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93. The business has a 50 day simple moving average of $10.32 and a two-hundred day simple moving average of $9.01.

Analysts Set New Price Targets

Several equities analysts have recently commented on PAYO shares. Northland Securities upped 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. Wolfe Research cut Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Benchmark lifted their price objective on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods lowered their target price on Payoneer Global from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Monday, January 6th. Finally, The Goldman Sachs Group boosted their price target on shares of Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $12.00.

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.