New Century Financial Group LLC acquired a new stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 74,500 shares of the company's stock, valued at approximately $641,000.
Other hedge funds have also recently bought and sold shares of the company. Sylebra Capital LLC raised its position in PagSeguro Digital by 0.7% during the first quarter. Sylebra Capital LLC now owns 9,593,685 shares of the company's stock worth $136,998,000 after acquiring an additional 64,671 shares during the last quarter. Marshall Wace LLP raised its position in shares of PagSeguro Digital by 55.5% during the 2nd quarter. Marshall Wace LLP now owns 6,994,870 shares of the company's stock worth $81,770,000 after purchasing an additional 2,497,968 shares during the last quarter. Millennium Management LLC lifted its stake in PagSeguro Digital by 115.1% in the 2nd quarter. Millennium Management LLC now owns 3,813,901 shares of the company's stock valued at $44,585,000 after buying an additional 2,040,704 shares in the last quarter. Acadian Asset Management LLC lifted its stake in PagSeguro Digital by 35.7% in the 2nd quarter. Acadian Asset Management LLC now owns 2,454,259 shares of the company's stock valued at $28,670,000 after buying an additional 645,562 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in PagSeguro Digital by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company's stock valued at $21,496,000 after buying an additional 92,026 shares during the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
PAGS has been the topic of several recent research reports. The Goldman Sachs Group upgraded PagSeguro Digital from a "neutral" rating to a "buy" rating and set a $15.00 price objective on the stock in a research report on Wednesday, June 26th. UBS Group reduced their target price on shares of PagSeguro Digital from $16.50 to $15.50 and set a "buy" rating on the stock in a report on Monday, July 8th. Itau BBA Securities cut shares of PagSeguro Digital from an "outperform" rating to a "market perform" rating and set a $12.00 price target on the stock. in a research note on Tuesday, October 1st. Barclays cut 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 report on Tuesday, October 15th. Finally, Morgan Stanley restated an "underweight" rating and set a $6.50 target price (down previously from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $14.50.
View Our Latest Report on PagSeguro Digital
PagSeguro Digital Trading Up 1.0 %
NYSE:PAGS traded up $0.08 on Friday, hitting $8.42. 2,381,056 shares of the stock were exchanged, compared to its average volume of 5,845,335. The stock has a fifty day moving average of $9.99 and a 200-day moving average of $11.53. The stock has a market cap of $2.78 billion, a PE ratio of 7.59, a PEG ratio of 0.43 and a beta of 1.94. PagSeguro Digital Ltd. has a fifty-two week low of $6.93 and a fifty-two week high of $14.98.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its 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. The firm had revenue of $874.38 million during the quarter, compared to the consensus estimate of $816.34 million. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. During the same quarter in the prior year, the company earned $0.26 EPS. As a group, analysts predict that PagSeguro Digital Ltd. will post 1.19 earnings per share for the current year.
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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