Rhumbline Advisers lowered its position in PagSeguro Digital Ltd. (NYSE:PAGS – Free Report) by 19.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 298,347 shares of the company’s stock after selling 71,638 shares during the quarter. Rhumbline Advisers’ holdings in PagSeguro Digital were worth $1,868,000 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 PAGS. Truvestments Capital LLC lifted its holdings in shares of PagSeguro Digital by 9.9% in the third quarter. Truvestments Capital LLC now owns 21,410 shares of the company’s stock worth $184,000 after buying an additional 1,923 shares in the last quarter. Point72 Hong Kong Ltd lifted its stake in PagSeguro Digital by 34.6% in the third quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock worth $93,000 after purchasing an additional 2,767 shares during the last quarter. Centiva Capital LP boosted its holdings in PagSeguro Digital by 17.1% during the 3rd quarter. Centiva Capital LP now owns 42,042 shares of the company’s stock valued at $362,000 after acquiring an additional 6,138 shares during the period. Quantbot Technologies LP increased its stake in shares of PagSeguro Digital by 2.3% in the third quarter. Quantbot Technologies LP now owns 283,435 shares of the company’s stock worth $2,440,000 after buying an additional 6,365 shares during the period. Finally, Penserra Capital Management LLC raised its stake in shares of PagSeguro Digital by 2.6% during the third quarter. Penserra Capital Management LLC now owns 349,917 shares of the company’s stock valued at $3,011,000 after acquiring an additional 9,020 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors.
PagSeguro Digital Stock Down 3.4 %
NYSE PAGS opened at $7.11 on Tuesday. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.82. The company has a market capitalization of $2.34 billion, a P/E ratio of 5.88, a price-to-earnings-growth ratio of 0.51 and a beta of 1.95. The stock’s 50-day moving average price is $7.09 and its 200-day moving average price is $8.18.
PagSeguro Digital (NYSE:PAGS – Get Free Report) last released its earnings results on Friday, February 21st. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The firm had revenue of $875.27 million during the quarter, compared to analysts’ expectations of $872.66 million. Research analysts anticipate that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on PAGS. JPMorgan Chase & Co. cut their price objective on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. Susquehanna lowered their price target on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research report on Monday, November 18th. KeyCorp raised PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. Finally, The Goldman Sachs Group lowered their price objective on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.18.
Get Our Latest Stock Report on PAGS
PagSeguro Digital Profile
(Free Report)
PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company’s products and services include PagSeguro Ecosystem, a digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.
Further Reading
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