Russell Investments Group Ltd. Acquires 210,121 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Russell Investments Group Ltd. increased its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 51.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 617,033 shares of the company's stock after purchasing an additional 210,121 shares during the quarter. Russell Investments Group Ltd. owned 0.19% of PagSeguro Digital worth $3,827,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of PagSeguro Digital by 1,306.5% during the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company's stock worth $29,000 after purchasing an additional 4,233 shares during the period. Raymond James Financial Inc. bought a new position in PagSeguro Digital in the 4th quarter valued at approximately $79,000. Virtu Financial LLC bought a new stake in PagSeguro Digital during the 3rd quarter worth approximately $98,000. Xponance Inc. raised its stake in shares of PagSeguro Digital by 37.8% during the fourth quarter. Xponance Inc. now owns 17,105 shares of the company's stock valued at $107,000 after acquiring an additional 4,695 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of PagSeguro Digital during the fourth quarter worth $110,000. Institutional investors own 45.88% of the company's stock.

PagSeguro Digital Price Performance

NYSE:PAGS traded up $0.13 on Friday, reaching $8.54. 2,250,715 shares of the company's stock were exchanged, compared to its average volume of 4,665,262. The stock has a fifty day simple moving average of $7.94 and a 200-day simple moving average of $7.60. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.82. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 7.06, a P/E/G ratio of 0.51 and a beta of 1.85.

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

Analyst Ratings Changes

Separately, Citigroup reaffirmed a "neutral" rating and issued a $7.00 price target (down from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $11.63.

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.