Arrowstreet Capital Limited Partnership Invests $989,000 in PagSeguro Digital Ltd. (NYSE:PAGS)

Arrowstreet Capital Limited Partnership acquired a new stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 158,066 shares of the company's stock, valued at approximately $989,000.

Several other institutional investors have also modified their holdings of PAGS. The Manufacturers Life Insurance Company raised its stake in PagSeguro Digital by 23.8% in the third quarter. The Manufacturers Life Insurance Company now owns 103,971 shares of the company's stock valued at $895,000 after buying an additional 19,972 shares in the last quarter. State Street Corp increased its holdings in shares of PagSeguro Digital by 50.8% in the 3rd quarter. State Street Corp now owns 5,908,054 shares of the company's stock valued at $50,868,000 after acquiring an additional 1,990,849 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of PagSeguro Digital by 1,238.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 24,100 shares of the company's stock worth $208,000 after acquiring an additional 22,300 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in PagSeguro Digital during the third quarter worth approximately $2,431,000. Finally, Barclays PLC lifted its stake in PagSeguro Digital by 240.0% during the third quarter. Barclays PLC now owns 270,215 shares of the company's stock worth $2,327,000 after purchasing an additional 190,740 shares during the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.

PagSeguro Digital Stock Performance

NYSE PAGS traded up $0.03 during trading on Tuesday, reaching $8.51. The company's stock had a trading volume of 2,574,871 shares, compared to its average volume of 4,695,714. The business's fifty day moving average price is $7.87 and its 200-day moving average price is $7.59. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $14.82. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 7.03, a P/E/G ratio of 0.51 and a beta of 1.85.

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PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.34 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $872.66 million. As a group, sell-side analysts forecast that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PAGS has been the topic of a number of research 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 report on Monday, December 16th. Citigroup reaffirmed a "neutral" rating and issued a $7.00 target price (down from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $11.63.

PagSeguro Digital 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.