Louisiana State Employees Retirement System Buys Shares of 130,300 Payoneer Global Inc. (NASDAQ:PAYO)

Louisiana State Employees Retirement System bought a new stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 130,300 shares of the company’s stock, valued at approximately $679,000.

Several other hedge funds have also recently added to or reduced their stakes in PAYO. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Payoneer Global by 119.8% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,648,239 shares of the company’s stock valued at $16,207,000 after acquiring an additional 1,443,155 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Payoneer Global by 85.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,979,701 shares of the company’s stock valued at $18,236,000 after acquiring an additional 1,370,007 shares in the last quarter. Vanguard Group Inc. increased its holdings in Payoneer Global by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 27,791,663 shares of the company’s stock valued at $170,085,000 after acquiring an additional 1,166,894 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Payoneer Global by 23.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,075,139 shares of the company’s stock worth $12,700,000 after purchasing an additional 399,873 shares during the last quarter. Finally, Trexquant Investment LP boosted its stake in shares of Payoneer Global by 139.4% during the 3rd quarter. Trexquant Investment LP now owns 666,236 shares of the company’s stock worth $4,077,000 after purchasing an additional 387,951 shares during the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald decreased their price target on shares of Payoneer Global from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Friday, March 1st. Benchmark reaffirmed a “buy” rating and set a $7.00 price target on shares of Payoneer Global in a research note on Tuesday, March 26th. Needham & Company LLC decreased their price target on shares of Payoneer Global from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, April 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 on the stock in a research note 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 on the stock in a research note on Thursday, March 21st. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $6.57.

Insider Activity at Payoneer Global

In related news, Director Scott H. Galit sold 191,283 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $4.85, for a total value of $927,722.55. Following the transaction, the director now owns 2,476,139 shares in the company, valued at $12,009,274.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Scott H. Galit sold 191,283 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $4.85, for a total value of $927,722.55. Following the transaction, the director now owns 2,476,139 shares in the company, valued at $12,009,274.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Scott H. Galit sold 340,120 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $4.51, for a total transaction of $1,533,941.20. Following the completion of the transaction, the director now owns 3,127,981 shares in the company, valued at approximately $14,107,194.31. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,231,650 shares of company stock worth $5,862,136. Company insiders own 5.57% of the company’s stock.

Payoneer Global Price Performance

PAYO opened at $5.01 on Monday. The company’s 50 day simple moving average is $4.85 and its 200 day simple moving average is $5.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09. Payoneer Global Inc. has a 1 year low of $4.02 and a 1 year high of $6.48. The stock has a market capitalization of $1.85 billion, a PE ratio of 20.88 and a beta of 0.81.

Payoneer Global (NASDAQ:PAYO) last released 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 business had revenue of $224.32 million for the quarter, compared to analysts’ expectations of $223.65 million. As a group, sell-side analysts expect that Payoneer Global Inc. will post 0.2 EPS for the current year.

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.