Jacobs Levy Equity Management Inc. Reduces Stock Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Jacobs Levy Equity Management Inc. reduced its position in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 69.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,748 shares of the company's stock after selling 546,063 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.07% of PagSeguro Digital worth $2,099,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of PAGS. Y.D. More Investments Ltd boosted its stake in PagSeguro Digital by 82.5% during 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 during the last quarter. Family Firm Inc. purchased a new position in shares of PagSeguro Digital during the second quarter valued at approximately $50,000. Quarry LP grew its holdings in PagSeguro Digital by 156.2% during the second quarter. Quarry LP now owns 6,242 shares of the company's stock worth $73,000 after buying an additional 3,806 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in PagSeguro Digital during the second quarter worth $74,000. Finally, Nisa Investment Advisors LLC raised its position in PagSeguro Digital by 26.8% in the 2nd 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 during the last quarter. Institutional investors and hedge funds own 45.88% of the company's stock.

PagSeguro Digital Stock Performance

NYSE PAGS traded down $0.25 on Friday, hitting $7.11. 6,196,033 shares of the stock traded hands, compared to its average volume of 7,062,820. The business's fifty day moving average is $8.05 and its two-hundred day moving average is $10.38. PagSeguro Digital Ltd. has a 12 month low of $7.08 and a 12 month high of $14.98. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 5.88, a PEG ratio of 0.38 and a beta of 1.92.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. KeyCorp raised shares of PagSeguro Digital to a "hold" rating in a report on Friday, November 15th. Susquehanna cut their price target on shares of PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating on the stock in a report on Monday, November 18th. Barclays decreased their price objective on shares of PagSeguro Digital from $16.00 to $13.00 and set an "overweight" rating for the company in a research note on Tuesday, October 15th. Cantor Fitzgerald upgraded PagSeguro Digital to a "strong-buy" rating in a research note on Thursday, October 3rd. Finally, Itau BBA Securities lowered PagSeguro Digital from an "outperform" rating to a "market perform" rating and set a $12.00 target price for the company. in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $14.36.

PagSeguro Digital Company 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.