New York State Teachers Retirement System Boosts Stake 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 fourth quarter, Holdings Channel reports. The fund owned 229,414 shares of the company’s stock after buying an additional 36,561 shares during the period. New York State Teachers Retirement System’s holdings in Payoneer Global were worth $2,303,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Blue Trust Inc. grew its holdings 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 grew its holdings 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 valued at $45,000 after purchasing an additional 1,016 shares during the period. GAMMA Investing LLC increased its position in 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 during the last quarter. Advisor Resource Council purchased a new position in Payoneer Global during the third quarter worth about $105,000. Finally, KBC Group NV boosted its holdings 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 purchasing an additional 6,784 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft started coverage on Payoneer Global in a research report on Monday, February 3rd. They issued a “buy” rating and a $13.00 target price on the stock. Northland Securities upped their target price on shares of Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Needham & Company LLC lifted their price target on shares of Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Wolfe Research lowered shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Payoneer Global from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Payoneer Global Stock Down 5.6 %

Shares of PAYO stock opened at $9.85 on Friday. The stock has a market cap of $3.51 billion, a P/E ratio of 28.14, a P/E/G ratio of 2.88 and a beta of 0.93. Payoneer Global Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $11.29. The business has a fifty day simple moving average of $10.34 and a 200-day simple moving average of $9.16.

Insiders Place Their Bets

In related news, insider Tsafi Goldman sold 96,350 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total transaction of $970,244.50. Following the sale, the insider now directly owns 741,748 shares in the company, valued at approximately $7,469,402.36. This trade represents a 11.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Beatrice Ordonez sold 85,000 shares of the firm’s 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 sale, the chief financial officer now owns 2,305,245 shares in the company, 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. In the last ninety days, insiders have sold 446,796 shares of company stock valued at $4,536,413. Insiders own 5.57% of the company’s stock.

Payoneer Global Company 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.