Louisiana State Employees Retirement System Takes $679,000 Position in Payoneer Global Inc. (NASDAQ:PAYO)

Louisiana State Employees Retirement System acquired a new stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 130,300 shares of the company’s stock, valued at approximately $679,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. C M Bidwell & Associates Ltd. bought a new position in shares of Payoneer Global during the third quarter valued at approximately $39,000. PNC Financial Services Group Inc. boosted its stake in Payoneer Global by 74.3% in the third quarter. PNC Financial Services Group Inc. now owns 8,241 shares of the company’s stock valued at $50,000 after acquiring an additional 3,512 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in Payoneer Global in the third quarter valued at approximately $75,000. Teza Capital Management LLC acquired a new stake in Payoneer Global in the third quarter valued at approximately $157,000. Finally, Prudent Man Advisors LLC acquired a new stake in Payoneer Global in the third quarter valued at approximately $231,000. 82.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Payoneer Global news, Director Scott H. Galit sold 340,120 shares of Payoneer Global stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $4.51, for a total value of $1,533,941.20. Following the completion of the transaction, the director now owns 3,127,981 shares of the company’s stock, valued at $14,107,194.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Payoneer Global news, Director Scott H. Galit sold 340,120 shares of Payoneer Global stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $4.51, for a total value of $1,533,941.20. Following the completion of the transaction, the director now owns 3,127,981 shares of the company’s stock, valued at $14,107,194.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott H. Galit sold 12,447 shares of Payoneer Global stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $4.88, for a total transaction of $60,741.36. Following the completion of the transaction, the director now directly owns 3,190,571 shares of the company’s stock, valued at approximately $15,569,986.48. The disclosure for this sale can be found here. Insiders sold a total of 1,231,650 shares of company stock valued at $5,862,136 over the last 90 days. Insiders own 5.57% of the company’s stock.

Payoneer Global Trading Up 1.6 %

Shares of Payoneer Global stock opened at $5.01 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a fifty day moving average price of $4.85 and a 200 day moving average price of $5.10. Payoneer Global Inc. has a 1 year low of $4.02 and a 1 year high of $6.48. The stock has a market cap of $1.85 billion, a PE ratio of 20.88 and a beta of 0.81.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. Payoneer Global had a net margin of 11.23% and a return on equity of 14.80%. The firm had revenue of $224.32 million during the quarter, compared to analysts’ expectations of $223.65 million. Equities research analysts predict that Payoneer Global Inc. will post 0.2 earnings per share for the current year.

Analyst Ratings Changes

PAYO has been the subject of several recent analyst reports. Benchmark restated a “buy” rating and issued a $7.00 target price on shares of Payoneer Global in a research note on Tuesday, March 26th. Keefe, Bruyette & Woods lowered their target price on shares of Payoneer Global from $7.00 to $6.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. Cantor Fitzgerald decreased their price target on shares of Payoneer Global from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Friday, March 1st. The Goldman Sachs Group decreased their price target on shares of Payoneer Global from $7.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, January 11th. Finally, Citigroup decreased their price target on shares of Payoneer Global from $7.50 to $6.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $6.57.

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.