Public Sector Pension Investment Board Buys 250,639 Shares of Payoneer Global Inc. $PAYO

Public Sector Pension Investment Board lifted its position in Payoneer Global Inc. (NASDAQ:PAYO) by 28.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,138,375 shares of the company’s stock after purchasing an additional 250,639 shares during the quarter. Public Sector Pension Investment Board owned 0.32% of Payoneer Global worth $6,887,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PAYO. Osaic Holdings Inc. grew its stake in Payoneer Global by 246.5% during the second quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock worth $33,000 after buying an additional 3,298 shares during the last quarter. Journey Strategic Wealth LLC bought a new stake in Payoneer Global during the 2nd quarter worth approximately $71,000. Marex Group plc bought a new stake in Payoneer Global during the 2nd quarter worth approximately $72,000. Oak Thistle LLC acquired a new stake in Payoneer Global during the 3rd quarter valued at $73,000. Finally, Shelton Capital Management bought a new position in Payoneer Global in the 2nd quarter valued at $81,000. 82.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Benchmark decreased their target price on Payoneer Global from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, December 23rd. Wall Street Zen upgraded shares of Payoneer Global from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Payoneer Global in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group set a $7.00 price target on shares of Payoneer Global in a research note on Wednesday, November 5th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.00.

Payoneer Global Trading Down 0.7%

Shares of NASDAQ PAYO opened at $5.35 on Wednesday. Payoneer Global Inc. has a 1 year low of $4.91 and a 1 year high of $10.75. The firm’s 50-day moving average is $5.74 and its 200-day moving average is $6.03. The firm has a market capitalization of $1.91 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 5.18 and a beta of 1.04.

Payoneer Global Profile

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.