Canada Pension Plan Investment Board lessened its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 56.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 241,950 shares of the company's stock after selling 320,000 shares during the quarter. Canada Pension Plan Investment Board owned 0.07% of PagSeguro Digital worth $1,515,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC grew its stake in shares of PagSeguro Digital by 8.4% in the fourth quarter. Truvestments Capital LLC now owns 23,202 shares of the company's stock valued at $145,000 after buying an additional 1,792 shares in the last quarter. LPL Financial LLC boosted its holdings in PagSeguro Digital by 14.2% in the 4th quarter. LPL Financial LLC now owns 33,534 shares of the company's stock worth $210,000 after acquiring an additional 4,165 shares during the period. Signaturefd LLC grew its position in PagSeguro Digital by 1,306.5% in the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company's stock valued at $29,000 after acquiring an additional 4,233 shares in the last quarter. Virtu Financial LLC grew its position in PagSeguro Digital by 37.4% in the fourth quarter. Virtu Financial LLC now owns 15,672 shares of the company's stock valued at $98,000 after acquiring an additional 4,268 shares in the last quarter. Finally, Xponance Inc. raised its stake in shares of PagSeguro Digital by 37.8% during the fourth quarter. Xponance Inc. now owns 17,105 shares of the company's stock valued at $107,000 after purchasing an additional 4,695 shares during the period. Hedge funds and other institutional investors own 45.88% of the company's stock.
PagSeguro Digital Stock Up 2.7 %
Shares of PAGS traded up $0.26 during midday trading on Friday, hitting $9.87. The company had a trading volume of 4,434,587 shares, compared to its average volume of 4,681,038. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 0.51 and a beta of 1.85. The company's 50 day moving average price is $8.08 and its 200 day moving average price is $7.63. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.82.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The company reported $0.34 earnings per share 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 during the quarter, compared to analyst estimates of $872.66 million. Equities analysts anticipate that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Barclays lowered their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a report on Wednesday. Citigroup upgraded PagSeguro Digital from a "neutral" rating to a "buy" rating and raised their target price for the company from $7.00 to $10.00 in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $11.88.
View Our Latest Research Report on PAGS
PagSeguro Digital Company Profile
(
Free Report)
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.
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