Contrarius Group Holdings Ltd Takes Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Contrarius Group Holdings Ltd acquired a new stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,089,761 shares of the company's stock, valued at approximately $6,822,000. Contrarius Group Holdings Ltd owned about 0.33% of PagSeguro Digital at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PAGS. Principal Financial Group Inc. lifted its stake in shares of PagSeguro Digital by 23.8% during the 3rd quarter. Principal Financial Group Inc. now owns 403,938 shares of the company's stock worth $3,478,000 after purchasing an additional 77,543 shares during the period. Empowered Funds LLC acquired a new position in PagSeguro Digital in the third quarter valued at $1,013,000. Intech Investment Management LLC purchased a new position in PagSeguro Digital during the third quarter worth about $741,000. Citigroup Inc. boosted its stake in PagSeguro Digital by 587.0% in the 3rd quarter. Citigroup Inc. now owns 1,052,166 shares of the company's stock worth $9,059,000 after buying an additional 899,010 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its stake in PagSeguro Digital by 2.6% in the 3rd quarter. Penserra Capital Management LLC now owns 349,917 shares of the company's stock worth $3,011,000 after buying an additional 9,020 shares during the last quarter. Hedge funds and other institutional investors own 45.88% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Bank of America reaffirmed a "neutral" rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Finally, Citigroup reissued a "neutral" rating and set a $7.00 price objective (down from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, PagSeguro Digital presently has a consensus rating of "Moderate Buy" and an average price target of $12.33.

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PagSeguro Digital Stock Performance

Shares of NYSE:PAGS traded up $0.06 during midday trading on Monday, hitting $8.32. 3,113,264 shares of the company's stock traded hands, compared to its average volume of 4,481,634. The firm's fifty day moving average price is $7.53 and its two-hundred day moving average price is $7.71. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $14.82. The company has a market cap of $2.74 billion, a PE ratio of 6.87, a P/E/G ratio of 0.51 and a beta of 2.04.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its quarterly earnings data on Friday, February 21st. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The company had revenue of $875.27 million for the quarter, compared to analysts' expectations of $872.66 million. As a group, equities research analysts anticipate that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Company Profile

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.