Louisiana State Employees Retirement System Cuts Stock Position in Payoneer Global Inc. (NASDAQ:PAYO)

Louisiana State Employees Retirement System decreased its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,400 shares of the company’s stock after selling 5,100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Payoneer Global were worth $922,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PAYO. FSC Wealth Advisors LLC purchased a new position in shares of Payoneer Global in the 3rd quarter worth about $68,000. Allspring Global Investments Holdings LLC increased its stake in Payoneer Global by 19,791.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 41,772 shares of the company’s stock valued at $315,000 after purchasing an additional 41,562 shares in the last quarter. Blue Trust Inc. raised its holdings in Payoneer Global by 135.2% in the third quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock worth $33,000 after buying an additional 2,552 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Payoneer Global in the third quarter worth approximately $1,509,000. Finally, GAMMA Investing LLC boosted its stake in shares of Payoneer Global by 438.5% in the 3rd quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock worth $44,000 after buying an additional 4,736 shares during the last quarter. 82.22% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Itai Perry sold 3,900 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $8.00, for a total value of $31,200.00. Following the transaction, the chief accounting officer now directly owns 228,738 shares in the company, valued at $1,829,904. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Scott H. Galit sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total value of $1,060,500.00. Following the transaction, the director now directly owns 1,809,674 shares of the company’s stock, valued at approximately $12,794,395.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Itai Perry sold 3,900 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $8.00, for a total transaction of $31,200.00. Following the sale, the chief accounting officer now directly owns 228,738 shares of the company’s stock, valued at approximately $1,829,904. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 158,000 shares of company stock worth $1,124,500. Corporate insiders own 5.57% of the company’s stock.

Payoneer Global Trading Down 1.9 %

Payoneer Global stock opened at $8.46 on Monday. Payoneer Global Inc. has a 12-month low of $4.22 and a 12-month high of $8.76. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 31.33 and a beta of 0.81. The firm has a 50 day moving average of $7.73 and a 200 day moving average of $6.41.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $239.50 million during the quarter, compared to analysts’ expectations of $223.12 million. Payoneer Global had a net margin of 11.25% and a return on equity of 15.28%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 earnings per share. On average, analysts predict that Payoneer Global Inc. will post 0.25 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on PAYO. Cantor Fitzgerald raised Payoneer Global to a “strong-buy” rating in a report on Monday, August 12th. The Goldman Sachs Group increased their price objective on shares of Payoneer Global from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Citigroup boosted their target price on shares of Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a research report on Monday, August 12th. Benchmark increased their price target on shares of Payoneer Global from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Payoneer Global from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Payoneer Global presently has a consensus rating of “Buy” and a consensus price target of $8.93.

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.