Public Sector Pension Investment Board Invests $1.46 Million in PagSeguro Digital Ltd. (NYSE:PAGS)

Public Sector Pension Investment Board bought a new stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 169,600 shares of the company's stock, valued at approximately $1,460,000. Public Sector Pension Investment Board owned approximately 0.05% of PagSeguro Digital as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PAGS. Y.D. More Investments Ltd increased its position in shares of PagSeguro Digital by 82.5% during the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company's stock valued at $47,000 after buying an additional 1,800 shares during the period. Family Firm Inc. purchased a new position in shares of PagSeguro Digital in the 2nd quarter valued at approximately $50,000. Quarry LP boosted its position in shares of PagSeguro Digital by 156.2% during the second quarter. Quarry LP now owns 6,242 shares of the company's stock valued at $73,000 after purchasing an additional 3,806 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new stake in PagSeguro Digital in the second quarter worth $74,000. Finally, Nisa Investment Advisors LLC raised its holdings in PagSeguro Digital by 26.8% in the second quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company's stock worth $79,000 after purchasing an additional 1,421 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company's stock.

PagSeguro Digital Stock Performance

Shares of PAGS traded down $0.25 during mid-day trading on Friday, hitting $7.11. 6,196,033 shares of the company traded hands, compared to its average volume of 7,062,820. PagSeguro Digital Ltd. has a 1 year low of $7.08 and a 1 year high of $14.98. The stock has a 50-day moving average price of $8.05 and a two-hundred day moving average price of $10.41. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 5.88, a P/E/G ratio of 0.38 and a beta of 1.92.

Analyst Ratings Changes

A number of analysts have recently weighed in on PAGS shares. Itau BBA Securities downgraded shares of PagSeguro Digital from an "outperform" rating to a "market perform" rating and set a $12.00 target price on the stock. in a research report on Tuesday, October 1st. Susquehanna lowered their price objective on PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating for the company in a research note on Monday, November 18th. Cantor Fitzgerald raised PagSeguro Digital to a "strong-buy" rating in a research note on Thursday, October 3rd. KeyCorp raised PagSeguro Digital to a "hold" rating in a research report on Friday, November 15th. Finally, The Goldman Sachs Group dropped their price target on shares of PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.36.

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.