Illinois Municipal Retirement Fund Purchases 7,212 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Illinois Municipal Retirement Fund boosted its position in Payoneer Global Inc. (NASDAQ:PAYO) by 5.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 142,298 shares of the company’s stock after acquiring an additional 7,212 shares during the period. Illinois Municipal Retirement Fund’s holdings in Payoneer Global were worth $1,429,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Payoneer Global by 21.2% during the 4th quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock valued at $54,000 after buying an additional 940 shares in the last quarter. Fifth Third Bancorp grew its holdings in Payoneer Global by 29.3% during the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock valued at $45,000 after buying an additional 1,016 shares in the last quarter. Van ECK Associates Corp grew its holdings in Payoneer Global by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 84,209 shares of the company’s stock valued at $634,000 after buying an additional 1,306 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Payoneer Global by 1.0% during the 4th quarter. State of Alaska Department of Revenue now owns 145,923 shares of the company’s stock valued at $1,465,000 after buying an additional 1,498 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in Payoneer Global by 1.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 124,100 shares of the company’s stock valued at $1,246,000 after buying an additional 1,700 shares in the last quarter. 82.22% of the stock is currently owned by institutional investors.

Payoneer Global Price Performance

Shares of PAYO opened at $8.55 on Friday. The firm has a market cap of $3.05 billion, a P/E ratio of 24.43, a P/E/G ratio of 2.88 and a beta of 0.93. The stock has a 50 day simple moving average of $10.27 and a two-hundred day simple moving average of $9.25. Payoneer Global Inc. has a 1 year low of $4.22 and a 1 year high of $11.29.

Payoneer Global (NASDAQ:PAYO) last issued its 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). The firm had revenue of $261.74 million during the quarter, compared to analysts’ expectations of $242.14 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. During the same period in the prior year, the company earned $0.05 EPS. On average, equities analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of the business’s 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 completion of the sale, the chief financial officer now owns 2,305,245 shares in the company, valued at approximately $23,974,548. The trade was a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tsafi Goldman sold 263,873 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $10.10, for a total value of $2,665,117.30. Following the completion of the sale, the insider now owns 741,748 shares of the company’s stock, valued at $7,491,654.80. The trade was a 26.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 445,223 shares of company stock valued at $4,519,362 over the last quarter. 5.57% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Benchmark lifted their target price on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Citigroup lifted their target price on Payoneer Global from $8.50 to $13.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods cut 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. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a report on Monday, February 3rd. They set a “buy” rating and a $13.00 price objective for the company. Finally, Wolfe Research lowered Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Two investment 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.57.

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.