Louisiana State Employees Retirement System Takes Position in Payoneer Global Inc. $PAYO

Louisiana State Employees Retirement System bought a new stake in Payoneer Global Inc. (NASDAQ:PAYO) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 128,000 shares of the company’s stock, valued at approximately $618,000.

Several other institutional investors also recently modified their holdings of the business. Osaic Holdings Inc. grew its holdings in Payoneer Global by 246.5% during the 2nd quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock worth $33,000 after acquiring an additional 3,298 shares during the period. CWM LLC boosted its position in shares of Payoneer Global by 178.6% in the 4th quarter. CWM LLC now owns 9,384 shares of the company’s stock worth $53,000 after purchasing an additional 6,016 shares during the last quarter. Vident Advisory LLC bought a new position in shares of Payoneer Global in the 4th quarter worth $58,000. Empowered Funds LLC acquired a new stake in shares of Payoneer Global during the fourth quarter worth $63,000. Finally, Quarry LP increased its holdings in Payoneer Global by 9,273.2% in the third quarter. Quarry LP now owns 10,498 shares of the company’s stock valued at $64,000 after purchasing an additional 10,386 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings upgraded Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $7.40 price target on shares of Payoneer Global in a research report on Tuesday, June 16th. Citigroup lowered shares of Payoneer Global from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $10.00 to $7.40 in a research note on Tuesday, June 16th. Wall Street Zen upgraded shares of Payoneer Global from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Benchmark downgraded shares of Payoneer Global from a “buy” rating to a “hold” rating in a research note on Thursday, June 18th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Payoneer Global currently has an average rating of “Hold” and an average price target of $7.40.

Insider Buying and Selling

In other Payoneer Global news, CFO Beatrice Ordonez sold 25,000 shares of Payoneer Global stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $7.01, for a total value of $175,250.00. Following the transaction, the chief financial officer owned 2,887,266 shares of the company’s stock, valued at approximately $20,239,734.66. The trade was a 0.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.06% of the company’s stock.

Payoneer Global Price Performance

Shares of Payoneer Global stock opened at $7.10 on Wednesday. Payoneer Global Inc. has a 1 year low of $4.08 and a 1 year high of $7.66. The business has a 50-day moving average of $5.85 and a two-hundred day moving average of $5.47. The company has a market capitalization of $2.38 billion, a P/E ratio of 35.50, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. Payoneer Global had a return on equity of 11.10% and a net margin of 6.76%.The business had revenue of $261.60 million for the quarter, compared to analysts’ expectations of $255.12 million. During the same quarter in the previous year, the business posted $0.05 EPS. Payoneer Global’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts anticipate that Payoneer Global Inc. will post 0.27 EPS for the current fiscal year.

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.