State of New Jersey Common Pension Fund D Makes New Investment in Payoneer Global Inc. (NASDAQ:PAYO)

State of New Jersey Common Pension Fund D bought a new stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 193,828 shares of the company’s stock, valued at approximately $1,946,000. State of New Jersey Common Pension Fund D owned approximately 0.05% of Payoneer Global at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in Payoneer Global by 135.2% in the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock valued at $33,000 after buying an additional 2,552 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Payoneer Global by 29.3% in the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock worth $45,000 after acquiring an additional 1,016 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Payoneer Global by 41.7% during the fourth quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock worth $83,000 after purchasing an additional 2,425 shares in the last quarter. Advisor Resource Council acquired a new position in Payoneer Global in the 3rd quarter valued at $105,000. Finally, Centiva Capital LP purchased a new position in Payoneer Global in the 3rd quarter valued at $121,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PAYO shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a research note on Monday, February 3rd. They issued a “buy” rating and a $13.00 price target on the stock. Citigroup lifted their price objective on Payoneer Global from $8.50 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Wolfe Research cut Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Northland Securities lifted 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. Finally, The Goldman Sachs Group upped their price objective on shares of Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, Payoneer Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Insider Transactions at Payoneer Global

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were 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 directly owns 2,305,245 shares of the company’s stock, valued at approximately $23,974,548. This trade represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tsafi Goldman sold 263,873 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $10.10, for a total value of $2,665,117.30. Following the sale, the insider now directly 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 quarter, insiders sold 445,223 shares of company stock worth $4,519,362. Company insiders own 5.57% of the company’s stock.

Payoneer Global Stock Performance

NASDAQ PAYO opened at $9.88 on Tuesday. Payoneer Global Inc. has a one year low of $4.22 and a one year high of $11.29. The firm has a market cap of $3.52 billion, a PE ratio of 28.23, a P/E/G ratio of 2.88 and a beta of 0.93. The firm’s fifty day moving average is $10.33 and its two-hundred day moving average is $9.20.

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.