HighTower Advisors LLC acquired a new position in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 55,643 shares of the company's stock, valued at approximately $348,000.
Other hedge funds have also made changes to their positions in the company. SPX Gestao de Recursos Ltda acquired a new position in shares of PagSeguro Digital during the third quarter valued at $38,151,000. State Street Corp lifted its stake in PagSeguro Digital by 50.8% in the third quarter. State Street Corp now owns 5,908,054 shares of the company's stock valued at $50,868,000 after acquiring an additional 1,990,849 shares during the last quarter. Geode Capital Management LLC raised its position in shares of PagSeguro Digital by 49.1% in the third quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company's stock valued at $29,014,000 after purchasing an additional 1,113,103 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings 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 purchasing an additional 874,777 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the stock. Citigroup reaffirmed a "neutral" rating and issued a $7.00 target price (down previously from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. Bank of America reaffirmed a "neutral" rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $11.63.
Read Our Latest Stock Analysis on PAGS
PagSeguro Digital Stock Down 7.8 %
Shares of NYSE PAGS traded down $0.67 during mid-day trading on Friday, reaching $7.84. 6,593,808 shares of the company were exchanged, compared to its average volume of 4,655,746. The stock has a market capitalization of $2.58 billion, a P/E ratio of 6.48, a P/E/G ratio of 0.51 and a beta of 1.85. The company's 50-day simple moving average is $7.76 and its 200-day simple moving average is $7.63. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month 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 for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. The company had revenue of $875.27 million during the quarter, compared to the consensus estimate of $872.66 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. As a group, equities research analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.
About PagSeguro Digital
(
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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