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

Teacher Retirement System of Texas lifted its position in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 2,279.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 289,963 shares of the company’s stock after buying an additional 277,777 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.08% of Payoneer Global worth $2,911,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. purchased a new stake in Payoneer Global in the 4th quarter worth approximately $1,233,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Payoneer Global in the fourth quarter valued at $1,276,000. FMR LLC increased its stake in Payoneer Global by 17.2% in the third quarter. FMR LLC now owns 1,129,312 shares of the company’s stock valued at $8,504,000 after purchasing an additional 165,913 shares during the last quarter. Entropy Technologies LP purchased a new position in Payoneer Global during the fourth quarter worth about $540,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Payoneer Global by 133.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 97,538 shares of the company’s stock worth $990,000 after buying an additional 55,766 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Stock Down 0.6 %

NASDAQ PAYO opened at $7.78 on Wednesday. The business has a 50 day moving average price of $9.41 and a two-hundred day moving average price of $9.32. Payoneer Global Inc. has a fifty-two week low of $4.66 and a fifty-two week high of $11.29. The stock has a market cap of $2.80 billion, a PE ratio of 22.23, a P/E/G ratio of 2.88 and a beta of 0.97.

Payoneer Global (NASDAQ:PAYO) last released its quarterly 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 firm had revenue of $261.74 million for the quarter, compared to analysts’ expectations of $242.14 million. During the same period last year, the firm earned $0.05 EPS. Sell-side analysts anticipate that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at Payoneer Global

In related news, insider Tsafi Goldman sold 96,350 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total value 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. The trade was a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value of $884,000.00. Following the transaction, the chief financial officer now directly owns 2,305,245 shares in the company, valued at approximately $23,974,548. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. 5.57% of the stock is owned by insiders.

Analyst Ratings Changes

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

Payoneer Global 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.