117,639 Shares in PagSeguro Digital Ltd. (NYSE:PAGS) Acquired by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 117,639 shares of the company's stock, valued at approximately $1,013,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sylebra Capital LLC increased its holdings in shares of PagSeguro Digital by 0.7% during the first quarter. Sylebra Capital LLC now owns 9,593,685 shares of the company's stock worth $136,998,000 after purchasing an additional 64,671 shares during the period. Marshall Wace LLP raised its holdings in PagSeguro Digital by 55.5% in the 2nd quarter. Marshall Wace LLP now owns 6,994,870 shares of the company's stock valued at $81,770,000 after acquiring an additional 2,497,968 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of PagSeguro Digital by 26.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company's stock valued at $47,168,000 after acquiring an additional 1,144,590 shares during the period. Millennium Management LLC grew its holdings in shares of PagSeguro Digital by 115.1% during the 2nd quarter. Millennium Management LLC now owns 3,813,901 shares of the company's stock worth $44,585,000 after purchasing an additional 2,040,704 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of PagSeguro Digital by 35.7% in the second quarter. Acadian Asset Management LLC now owns 2,454,259 shares of the company's stock worth $28,670,000 after purchasing an additional 645,562 shares during the period. 45.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PAGS shares. Susquehanna cut their price objective on shares of PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating for the company in a research report on Monday, November 18th. The Goldman Sachs Group reduced 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 report on Friday, November 15th. KeyCorp raised shares of PagSeguro Digital to a "hold" rating in a research note on Friday, November 15th. Morgan Stanley reaffirmed an "underweight" rating and issued a $6.50 target price (down previously from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. Finally, Cantor Fitzgerald raised PagSeguro Digital to a "strong-buy" rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $14.36.

PagSeguro Digital Price Performance

PAGS stock traded up $0.43 during midday trading on Friday, reaching $7.94. 6,219,690 shares of the stock were exchanged, compared to its average volume of 4,903,593. The stock has a market capitalization of $2.62 billion, a PE ratio of 6.56, a P/E/G ratio of 0.39 and a beta of 1.95. PagSeguro Digital Ltd. has a 52 week low of $7.35 and a 52 week high of $14.98. The company has a fifty day moving average price of $8.35 and a 200 day moving average price of $10.77.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The company had revenue of $874.38 million during the quarter, compared to the consensus estimate of $816.34 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. As a group, analysts anticipate that PagSeguro Digital Ltd. will post 1.19 earnings per share for the current fiscal year.

About PagSeguro Digital

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.