SG Americas Securities LLC Cuts Position in PagSeguro Digital Ltd. (NYSE:PAGS)

SG Americas Securities LLC reduced its position in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 78.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,541 shares of the company's stock after selling 163,222 shares during the period. SG Americas Securities LLC's holdings in PagSeguro Digital were worth $392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in PagSeguro Digital during the first quarter valued at approximately $30,000. Y.D. More Investments Ltd increased its stake in shares of PagSeguro Digital by 82.5% in the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company's stock worth $47,000 after purchasing an additional 1,800 shares in the last quarter. Family Firm Inc. bought a new position in PagSeguro Digital in the 2nd quarter worth $50,000. Covestor Ltd lifted its position in PagSeguro Digital by 11,990.2% during the first quarter. Covestor Ltd now owns 4,957 shares of the company's stock valued at $71,000 after purchasing an additional 4,916 shares in the last quarter. Finally, 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 valued at $73,000 after purchasing an additional 3,806 shares during the period. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PAGS shares. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a "strong-buy" rating in a research report on Thursday, October 3rd. Barclays dropped their target price on shares of PagSeguro Digital from $16.00 to $13.00 and set an "overweight" rating for the company in a report on Tuesday. The Goldman Sachs Group raised PagSeguro Digital from a "neutral" rating to a "buy" rating and set a $15.00 price target on the stock in a report on Wednesday, June 26th. UBS Group dropped their price objective on PagSeguro Digital from $16.50 to $15.50 and set a "buy" rating for the company in a research note on Monday, July 8th. Finally, Morgan Stanley reissued an "underweight" rating and set a $6.50 target price (down previously from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $14.50.

PagSeguro Digital Price Performance

Shares of NYSE PAGS traded up $0.08 during mid-day trading on Friday, hitting $8.42. 2,370,591 shares of the company's stock traded hands, compared to its average volume of 5,845,335. PagSeguro Digital Ltd. has a 1 year low of $6.93 and a 1 year high of $14.98. The company's 50-day moving average is $10.07 and its two-hundred day moving average is $11.58. The company has a market capitalization of $2.78 billion, a P/E ratio of 7.20, a PEG ratio of 0.43 and a beta of 1.94.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. The company had revenue of $874.38 million during the quarter, compared to the consensus estimate of $816.34 million. During the same period last year, the company earned $0.26 earnings per share. Equities analysts anticipate that PagSeguro Digital Ltd. will post 1.19 EPS for the current fiscal year.

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.