Intech Investment Management LLC Makes New Investment in PagSeguro Digital Ltd. (NYSE:PAGS)

Intech Investment Management LLC purchased a new stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 86,039 shares of the company's stock, valued at approximately $741,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its holdings in PagSeguro Digital by 26.8% in the second quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company's stock valued at $79,000 after buying an additional 1,421 shares in the last quarter. Y.D. More Investments Ltd increased its stake in PagSeguro Digital by 82.5% in the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company's stock valued at $47,000 after purchasing an additional 1,800 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in PagSeguro Digital by 1.9% during the second quarter. Los Angeles Capital Management LLC now owns 110,951 shares of the company's stock worth $1,297,000 after purchasing an additional 2,083 shares during the last quarter. Csenge Advisory Group boosted its position in PagSeguro Digital by 21.0% during the second quarter. Csenge Advisory Group now owns 12,410 shares of the company's stock worth $145,000 after purchasing an additional 2,152 shares in the last quarter. Finally, Quarry LP grew its holdings in PagSeguro Digital by 156.2% in the second quarter. Quarry LP now owns 6,242 shares of the company's stock valued at $73,000 after purchasing an additional 3,806 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company's stock.

PagSeguro Digital Price Performance

NYSE:PAGS traded down $0.44 during mid-day trading on Friday, reaching $7.34. The company's stock had a trading volume of 6,793,849 shares, compared to its average volume of 4,161,426. PagSeguro Digital Ltd. has a twelve month low of $7.20 and a twelve month high of $14.98. The company's fifty day simple moving average is $8.21 and its two-hundred day simple moving average is $10.60. The stock has a market cap of $2.42 billion, a P/E ratio of 6.07, a P/E/G ratio of 0.40 and a beta of 1.95.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PAGS shares. Itau BBA Securities downgraded PagSeguro Digital from an "outperform" rating to a "market perform" rating and set a $12.00 price target for the company. in a research note on Tuesday, October 1st. Barclays cut their target price on shares of PagSeguro Digital from $16.00 to $13.00 and set an "overweight" rating for the company in a research report on Tuesday, October 15th. KeyCorp upgraded shares of PagSeguro Digital to a "hold" rating in a research report on Friday, November 15th. The Goldman Sachs Group cut their price objective on PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, November 15th. Finally, Morgan Stanley reiterated an "underweight" rating and set a $6.50 target price (down previously from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. One 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, PagSeguro Digital currently has an average rating of "Moderate Buy" and a consensus target price of $14.36.

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.