Commonwealth of Pennsylvania Public School Empls Retrmt SYS Makes New $943,000 Investment in PagSeguro Digital Ltd. (NYSE:PAGS)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 150,620 shares of the company's stock, valued at approximately $943,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of PagSeguro Digital in the 3rd quarter valued at about $5,716,000. JPMorgan Chase & Co. increased its holdings in PagSeguro Digital by 101.4% during the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company's stock valued at $17,091,000 after buying an additional 999,237 shares during the period. Citigroup Inc. raised its stake in PagSeguro Digital by 587.0% in the third 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 in the last quarter. Harbour Capital Advisors LLC purchased a new stake in PagSeguro Digital during the fourth quarter worth $482,000. Finally, SPX Gestao de Recursos Ltda bought a new stake in PagSeguro Digital during the 3rd quarter valued at $38,151,000. Institutional investors own 45.88% of the company's stock.

Analysts Set New Price Targets

PAGS has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Citigroup reiterated a "neutral" rating and issued a $7.00 price target (down previously from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. Finally, Bank of America reiterated a "neutral" rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $11.63.

Remove Ads

PagSeguro Digital Stock Down 3.0 %

Shares of NYSE:PAGS traded down $0.25 during trading on Friday, reaching $7.92. 2,439,341 shares of the company's stock traded hands, compared to its average volume of 4,603,115. The firm has a market cap of $2.61 billion, a PE ratio of 6.54, a P/E/G ratio of 0.51 and a beta of 2.04. PagSeguro Digital Ltd. has a fifty-two week low of $6.11 and a fifty-two week high of $14.82. The company has a 50-day simple moving average of $7.64 and a 200-day simple moving average of $7.68.

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, beating the consensus estimate of $0.29 by $0.05. The company had revenue of $875.27 million for the quarter, compared to analyst estimates of $872.66 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. On average, equities research analysts forecast that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

About PagSeguro Digital

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.