Teacher Retirement System of Texas Trims Position in Payoneer Global Inc. (NASDAQ:PAYO)

Teacher Retirement System of Texas reduced its stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 20.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 230,062 shares of the company's stock after selling 59,901 shares during the quarter. Teacher Retirement System of Texas owned about 0.06% of Payoneer Global worth $1,682,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP bought a new stake in shares of Payoneer Global during the 4th quarter worth $29,000. Farther Finance Advisors LLC acquired a new stake in Payoneer Global during the first quarter worth about $25,000. Versant Capital Management Inc lifted its stake in Payoneer Global by 420.6% during the first quarter. Versant Capital Management Inc now owns 5,034 shares of the company's stock worth $37,000 after purchasing an additional 4,067 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Payoneer Global by 559.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,480 shares of the company's stock valued at $62,000 after acquiring an additional 7,195 shares during the last quarter. Finally, CreativeOne Wealth LLC bought a new position in shares of Payoneer Global in the fourth quarter valued at approximately $103,000. Hedge funds and other institutional investors own 82.22% of the company's stock.

Payoneer Global Price Performance

NASDAQ:PAYO traded down $0.28 during mid-day trading on Tuesday, reaching $6.67. The stock had a trading volume of 1,506,237 shares, compared to its average volume of 3,211,963. The stock has a 50-day simple moving average of $6.84 and a two-hundred day simple moving average of $8.01. The stock has a market capitalization of $2.41 billion, a PE ratio of 22.22 and a beta of 0.98. Payoneer Global Inc. has a 12 month low of $5.03 and a 12 month high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). The company had revenue of $246.62 million for the quarter, compared to the consensus estimate of $244.52 million. Payoneer Global had a return on equity of 15.70% and a net margin of 11.32%. The business's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 EPS. Equities analysts expect that Payoneer Global Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on PAYO shares. Keefe, Bruyette & Woods upgraded shares of Payoneer Global from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $7.00 to $9.00 in a research report on Tuesday, May 13th. Needham & Company LLC dropped their target price on shares of Payoneer Global from $14.00 to $8.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Jefferies Financial Group upped their target price on shares of Payoneer Global from $8.00 to $8.50 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Citigroup reiterated a "buy" rating and set a $10.00 target price (down previously from $13.00) on shares of Payoneer Global in a research report on Thursday, May 22nd. Finally, The Goldman Sachs Group decreased their price target on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $10.44.

Insider Transactions at Payoneer Global

In related news, Director Susanna Morgan sold 16,180 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $6.77, for a total value of $109,538.60. Following the transaction, the director owned 80,902 shares in the company, valued at $547,706.54. The trade was a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.58% of the stock is currently owned by insiders.

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.