PagSeguro Digital Ltd. (NYSE:PAGS) Position Cut by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda reduced its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 66.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,499,584 shares of the company's stock after selling 2,931,394 shares during the period. PagSeguro Digital accounts for about 1.4% of SPX Gestao de Recursos Ltda's investment portfolio, making the stock its 22nd largest position. SPX Gestao de Recursos Ltda owned 0.45% of PagSeguro Digital worth $9,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of PAGS. Creative Planning acquired a new stake in PagSeguro Digital during the 3rd quarter worth approximately $115,000. Asset Management One Co. Ltd. increased its position in PagSeguro Digital by 547.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 28,950 shares of the company's stock worth $249,000 after purchasing an additional 24,480 shares in the last quarter. Principal Financial Group Inc. increased its position in PagSeguro Digital by 23.8% during the 3rd quarter. Principal Financial Group Inc. now owns 403,938 shares of the company's stock worth $3,478,000 after purchasing an additional 77,543 shares in the last quarter. GSA Capital Partners LLP increased its position in PagSeguro Digital by 88.6% during the 3rd quarter. GSA Capital Partners LLP now owns 131,408 shares of the company's stock worth $1,131,000 after purchasing an additional 61,736 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in PagSeguro Digital during the 3rd quarter worth approximately $3,246,000. Institutional investors and hedge funds own 45.88% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts recently issued reports on PAGS shares. Susquehanna dropped their target price on shares of PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating for the company in a research report on Monday, November 18th. Bank of America reaffirmed a "neutral" rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. The Goldman Sachs Group lowered their price objective on shares of PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, November 15th. KeyCorp raised shares of PagSeguro Digital to a "hold" rating in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $12.90.

PagSeguro Digital Price Performance

PAGS traded up $0.31 during trading hours on Friday, hitting $7.80. 3,028,422 shares of the stock were exchanged, compared to its average volume of 4,570,625. The stock has a 50-day simple moving average of $7.27 and a 200-day simple moving average of $7.88. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $14.82. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 6.44, a price-to-earnings-growth ratio of 0.51 and a beta of 2.04.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The firm had revenue of $875.27 million for the quarter, compared to analysts' expectations of $872.66 million. Sell-side analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

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.