Kiker Wealth Management LLC acquired a new stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 82,004 shares of the company's stock, valued at approximately $513,000.
Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of PagSeguro Digital by 23.8% in the third quarter. Principal Financial Group Inc. now owns 403,938 shares of the company's stock valued at $3,478,000 after acquiring an additional 77,543 shares during the period. Empowered Funds LLC bought a new position in PagSeguro Digital in the 3rd quarter valued at $1,013,000. Intech Investment Management LLC purchased a new position in shares of PagSeguro Digital during the 3rd quarter valued at $741,000. Citigroup Inc. increased its holdings in shares of PagSeguro Digital by 587.0% in the third quarter. Citigroup Inc. now owns 1,052,166 shares of the company's stock worth $9,059,000 after purchasing an additional 899,010 shares during the period. Finally, Penserra Capital Management LLC increased its holdings in shares of PagSeguro Digital by 2.6% in the third quarter. Penserra Capital Management LLC now owns 349,917 shares of the company's stock worth $3,011,000 after purchasing an additional 9,020 shares during the period. Hedge funds and other institutional investors own 45.88% of the company's stock.
PagSeguro Digital Trading Down 0.2 %
Shares of PAGS traded down $0.02 during mid-day trading on Tuesday, reaching $8.27. The company's stock had a trading volume of 2,176,566 shares, compared to its average volume of 4,480,792. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.82. The company's fifty day moving average price is $7.53 and its two-hundred day moving average price is $7.71. The stock has a market cap of $2.73 billion, a PE ratio of 6.83, a P/E/G ratio of 0.51 and a beta of 2.04.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The business had revenue of $875.27 million during the quarter, compared to the consensus estimate of $872.66 million. Research analysts anticipate that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts recently commented on PAGS shares. JPMorgan Chase & Co. reduced their target price on PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Bank of America restated a "neutral" rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. Finally, Citigroup reiterated a "neutral" rating and set a $7.00 target price (down from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, PagSeguro Digital presently has an average rating of "Moderate Buy" and a consensus target price of $12.33.
View Our Latest Stock Analysis on PAGS
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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