77,500 Shares in PagSeguro Digital Ltd. (NYSE:PAGS) Purchased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 77,500 shares of the company's stock, valued at approximately $667,000.

Other institutional investors have also modified their holdings of the company. Maverick Capital Ltd. raised its position in shares of PagSeguro Digital by 21.9% in the 3rd quarter. Maverick Capital Ltd. now owns 151,045 shares of the company's stock valued at $1,300,000 after purchasing an additional 27,178 shares during the last quarter. Edgestream Partners L.P. raised its position in shares of PagSeguro Digital by 146.9% in the 3rd quarter. Edgestream Partners L.P. now owns 203,744 shares of the company's stock valued at $1,754,000 after purchasing an additional 121,207 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of PagSeguro Digital by 127.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 137,000 shares of the company's stock valued at $1,180,000 after purchasing an additional 76,800 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of PagSeguro Digital in the 3rd quarter valued at approximately $5,716,000. Finally, Public Sector Pension Investment Board purchased a new position in shares of PagSeguro Digital in the 3rd quarter valued at approximately $1,460,000. 45.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PAGS. Barclays dropped their price objective on shares of PagSeguro Digital from $16.00 to $13.00 and set an "overweight" rating on the stock in a report on Tuesday, October 15th. Cantor Fitzgerald raised shares of PagSeguro Digital to a "strong-buy" rating in a report on Thursday, October 3rd. The Goldman Sachs Group lowered their price target on shares of PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Susquehanna lowered their price target on shares of PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating on the stock in a report on Monday, November 18th. Finally, Itau BBA Securities downgraded shares of PagSeguro Digital from an "outperform" rating to a "market perform" rating and set a $12.00 price target on the stock. in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, PagSeguro Digital has a consensus rating of "Moderate Buy" and a consensus target price of $14.36.

PagSeguro Digital Stock Down 3.0 %

NYSE:PAGS traded down $0.22 during midday trading on Friday, reaching $7.14. The stock had a trading volume of 3,193,776 shares, compared to its average volume of 4,189,506. The firm has a fifty day simple moving average of $8.09 and a two-hundred day simple moving average of $10.45. PagSeguro Digital Ltd. has a 12-month low of $7.12 and a 12-month high of $14.98. The stock has a market cap of $2.35 billion, a P/E ratio of 6.08, a P/E/G ratio of 0.38 and a beta of 1.92.

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.