Public Sector Pension Investment Board Buys 250,639 Shares of Payoneer Global Inc. $PAYO

Public Sector Pension Investment Board raised its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 28.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,138,375 shares of the company’s stock after buying an additional 250,639 shares during the quarter. Public Sector Pension Investment Board’s holdings in Payoneer Global were worth $6,887,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can boosted its stake in Payoneer Global by 4.4% during the 2nd quarter. Bank of Montreal Can now owns 40,713 shares of the company’s stock worth $279,000 after acquiring an additional 1,710 shares during the last quarter. Yousif Capital Management LLC raised its holdings in Payoneer Global by 2.0% in the second quarter. Yousif Capital Management LLC now owns 97,014 shares of the company’s stock worth $665,000 after purchasing an additional 1,948 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Payoneer Global by 4.1% during the third quarter. Nisa Investment Advisors LLC now owns 49,815 shares of the company’s stock worth $301,000 after purchasing an additional 1,949 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Payoneer Global by 18.9% during the second quarter. Advisors Asset Management Inc. now owns 13,788 shares of the company’s stock worth $94,000 after purchasing an additional 2,191 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of Payoneer Global by 1.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 169,396 shares of the company’s stock valued at $1,025,000 after buying an additional 2,240 shares during the period. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on PAYO. Wall Street Zen upgraded Payoneer Global from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Benchmark lowered their target price on Payoneer Global from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, December 23rd. Jefferies Financial Group set a $7.00 price target on shares of Payoneer Global in a report on Wednesday, November 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Payoneer Global in a report on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.00.

Payoneer Global Trading Down 0.7%

Shares of PAYO stock opened at $5.35 on Wednesday. The firm’s fifty day moving average price is $5.74 and its two-hundred day moving average price is $6.03. Payoneer Global Inc. has a 1 year low of $4.91 and a 1 year high of $10.75. The firm has a market capitalization of $1.91 billion, a P/E ratio of 28.16, a PEG ratio of 5.18 and a beta of 1.04.

Payoneer Global Profile

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.