New York State Teachers Retirement System Grows Position in Payoneer Global Inc. (NASDAQ:PAYO)

New York State Teachers Retirement System raised its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 19.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 229,414 shares of the company’s stock after purchasing an additional 36,561 shares during the period. New York State Teachers Retirement System owned 0.06% of Payoneer Global worth $2,303,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PAYO. Fifth Third Bancorp grew its stake in 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 buying an additional 1,016 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Payoneer Global by 1.6% in the third quarter. Van ECK Associates Corp now owns 84,209 shares of the company’s stock worth $634,000 after acquiring an additional 1,306 shares during the period. State of Alaska Department of Revenue grew its position in shares of Payoneer Global by 1.0% in the fourth quarter. State of Alaska Department of Revenue now owns 145,923 shares of the company’s stock valued at $1,465,000 after purchasing an additional 1,498 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Payoneer Global by 1.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 124,100 shares of the company’s stock valued at $1,246,000 after purchasing an additional 1,700 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in 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 in the last quarter. Institutional investors own 82.22% of the company’s stock.

Payoneer Global Price Performance

Payoneer Global stock opened at $9.85 on Friday. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 2.88 and a beta of 0.93. The firm has a 50-day moving average of $10.34 and a two-hundred day moving average of $9.16. Payoneer Global Inc. has a 1 year low of $4.22 and a 1 year high of $11.29.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PAYO. Keefe, Bruyette & Woods reduced their price target on shares of 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. The Goldman Sachs Group upped 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 lifted their price target on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Needham & Company LLC upped their price objective on shares of Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Wolfe Research downgraded shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Two equities 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.00.

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, insider Tsafi Goldman sold 96,350 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total transaction of $970,244.50. Following the transaction, the insider now owns 741,748 shares in the company, valued at approximately $7,469,402.36. This represents a 11.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Beatrice Ordonez sold 85,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value of $884,000.00. Following the completion of the transaction, the chief financial officer now owns 2,305,245 shares of the company’s stock, valued at approximately $23,974,548. The trade was a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 446,796 shares of company stock valued at $4,536,413. 5.57% of the stock is currently owned by insiders.

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.