Teacher Retirement System of Texas Grows Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

Teacher Retirement System of Texas lifted its holdings in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 2,279.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 289,963 shares of the company's stock after buying an additional 277,777 shares during the period. Teacher Retirement System of Texas owned approximately 0.08% of Payoneer Global worth $2,911,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Blue Trust Inc. raised its position in Payoneer Global by 21.2% in the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock worth $54,000 after acquiring an additional 940 shares during the period. Maryland State Retirement & Pension System raised its holdings in shares of Payoneer Global by 1.2% in the 4th quarter. Maryland State Retirement & Pension System now owns 86,467 shares of the company's stock worth $868,000 after purchasing an additional 1,002 shares during the period. Fifth Third Bancorp lifted its stake in 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 last quarter. State of Alaska Department of Revenue grew its holdings in Payoneer Global by 1.0% during 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 during the period. Finally, Louisiana State Employees Retirement System increased its position in Payoneer Global by 1.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 124,100 shares of the company's stock worth $1,246,000 after buying an additional 1,700 shares during the last quarter. 82.22% of the stock is owned by institutional investors.

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Payoneer Global Price Performance

PAYO stock traded down $0.18 during midday trading on Friday, reaching $7.25. The company had a trading volume of 1,745,689 shares, compared to its average volume of 2,887,311. The firm has a 50-day moving average price of $9.21 and a 200-day moving average price of $9.30. The company has a market capitalization of $2.61 billion, a P/E ratio of 20.71, a P/E/G ratio of 2.88 and a beta of 0.97. Payoneer Global Inc. has a 1 year low of $4.69 and a 1 year high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The company had revenue of $261.74 million during the quarter, compared to analysts' expectations of $242.14 million. During the same quarter last year, the firm posted $0.05 earnings per share. On average, equities analysts predict that Payoneer Global Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

PAYO has been the subject of several research reports. Northland Securities increased their price target on Payoneer Global from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of Payoneer Global in a research report on Monday, February 3rd. They set a "buy" rating and a $13.00 target price for the company. Keefe, Bruyette & Woods lowered their price target on shares of Payoneer Global from $11.00 to $10.00 and set a "market perform" rating on the stock in a research report on Friday, February 28th. Citigroup raised their price objective on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Finally, Wolfe Research cut shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $13.07.

Insider Activity at Payoneer Global

In related news, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $23,974,548. This trade represents a 3.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tsafi Goldman sold 96,350 shares of the business'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 directly owns 741,748 shares of the company's stock, valued at $7,469,402.36. This represents a 11.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.