Handelsbanken Fonder AB Sells 97,500 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Handelsbanken Fonder AB decreased its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 33.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,280 shares of the company's stock after selling 97,500 shares during the quarter. Handelsbanken Fonder AB owned about 0.06% of PagSeguro Digital worth $1,229,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Sanctuary Advisors LLC increased its position in PagSeguro Digital by 28.5% during the fourth quarter. Sanctuary Advisors LLC now owns 25,422 shares of the company's stock worth $159,000 after acquiring an additional 5,636 shares during the period. Principal Financial Group Inc. raised its holdings in shares of PagSeguro Digital by 11.7% during the fourth quarter. Principal Financial Group Inc. now owns 451,110 shares of the company's stock valued at $2,824,000 after purchasing an additional 47,172 shares during the period. Vontobel Holding Ltd. acquired a new stake in shares of PagSeguro Digital in the 4th quarter worth about $170,000. Robeco Institutional Asset Management B.V. lifted its position in shares of 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 worth $39,770,000 after buying an additional 874,777 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of PagSeguro Digital by 112.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 81,371 shares of the company's stock worth $509,000 after purchasing an additional 42,990 shares during the period. Institutional investors own 45.88% of the company's stock.

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PagSeguro Digital Stock Performance

Shares of NYSE:PAGS traded down $0.31 during midday trading on Friday, hitting $7.38. 6,464,161 shares of the company's stock traded hands, compared to its average volume of 4,650,591. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $14.98. The firm's fifty day moving average price is $7.09 and its two-hundred day moving average price is $8.21. The company has a market cap of $2.43 billion, a PE ratio of 6.10, a P/E/G ratio of 0.51 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its earnings results on Friday, February 21st. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. The company had revenue of $875.27 million during the quarter, compared to analysts' expectations of $872.66 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. As a group, equities research analysts anticipate that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PAGS shares. Citigroup reissued a "neutral" rating and issued a $7.00 price target (down previously from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. KeyCorp upgraded PagSeguro Digital to a "hold" rating in a research note on Friday, November 15th. JPMorgan Chase & Co. reduced their target price on shares of PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Susquehanna dropped their price target on PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating for the company in a research note on Monday, November 18th. Finally, Bank of America restated a "neutral" rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, PagSeguro Digital presently has an average rating of "Moderate Buy" and an average price target of $13.18.

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.