40,187 Shares in PagSeguro Digital Ltd. (NYSE:PAGS) Purchased by Cerity Partners LLC

Cerity Partners LLC acquired a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 40,187 shares of the company's stock, valued at approximately $254,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of PagSeguro Digital by 101.4% during the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company's stock worth $17,091,000 after buying an additional 999,237 shares during the period. Harbour Capital Advisors LLC bought a new stake in shares of PagSeguro Digital during the fourth quarter valued at about $482,000. SPX Gestao de Recursos Ltda acquired a new stake in PagSeguro Digital in the third quarter worth about $38,151,000. Geode Capital Management LLC grew its position in PagSeguro Digital by 49.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company's stock valued at $29,014,000 after buying an additional 1,113,103 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in PagSeguro Digital by 16.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company's stock valued at $39,770,000 after buying an additional 874,777 shares during the period. 45.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Citigroup upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $7.00 to $10.00 in a research report on Tuesday, April 22nd. Barclays decreased their price target on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $11.88.

PagSeguro Digital Stock Up 1.7 %

Shares of NYSE:PAGS traded up $0.17 during trading on Tuesday, reaching $10.07. The stock had a trading volume of 1,635,141 shares, compared to its average volume of 4,662,632. The stock has a fifty day simple moving average of $8.12 and a two-hundred day simple moving average of $7.64. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 8.31, a P/E/G ratio of 0.51 and a beta of 1.85. 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 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 company had revenue of $875.27 million for the quarter, compared to the consensus estimate of $872.66 million. On average, analysts forecast that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

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.