Legal & General Group Plc trimmed its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 75.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 341,689 shares of the company's stock after selling 1,034,135 shares during the period. Legal & General Group Plc owned approximately 0.10% of PagSeguro Digital worth $2,139,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of PAGS. SPX Gestao de Recursos Ltda acquired a new position in PagSeguro Digital in the third quarter valued at about $38,151,000. Geode Capital Management LLC boosted its stake in 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 acquiring an additional 1,113,103 shares in the last quarter. Contrarius Group Holdings Ltd acquired a new stake in PagSeguro Digital during the 4th quarter worth $6,822,000. JPMorgan Chase & Co. raised its stake 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 purchasing an additional 999,237 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in PagSeguro Digital by 16.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company's stock valued at $39,770,000 after purchasing an additional 874,777 shares in the last quarter. 45.88% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
PAGS has been the topic of several recent research reports. Barclays reduced their price objective on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Citigroup raised shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and raised their price target for the stock from $7.00 to $10.00 in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $11.88.
Check Out Our Latest Stock Report on PAGS
PagSeguro Digital Stock Performance
Shares of NYSE PAGS traded up $0.03 during trading on Monday, reaching $9.91. The company had a trading volume of 3,038,084 shares, compared to its average volume of 4,674,466. The business's 50 day moving average price is $8.08 and its 200-day moving average price is $7.63. The stock has a market cap of $3.27 billion, a PE ratio of 8.19, a PEG ratio of 0.51 and a beta of 1.85. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.82.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $875.27 million for 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%. Equities analysts anticipate that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.
PagSeguro Digital Company Profile
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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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