PagSeguro Digital Ltd. (NYSE:PAGS) Stock Position Lowered by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 18.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 835,400 shares of the company's stock after selling 190,220 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.25% of PagSeguro Digital worth $5,230,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of PAGS. SPX Gestao de Recursos Ltda acquired a new position in PagSeguro Digital in the third quarter worth $38,151,000. State Street Corp lifted its position in shares of PagSeguro Digital by 50.8% in the 3rd quarter. State Street Corp now owns 5,908,054 shares of the company's stock worth $50,868,000 after buying an additional 1,990,849 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of PagSeguro Digital by 49.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company's stock valued at $29,014,000 after buying an additional 1,113,103 shares during the period. JPMorgan Chase & Co. grew its position in shares of PagSeguro Digital by 101.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company's stock valued at $17,091,000 after buying an additional 999,237 shares during the last quarter. Finally, Citigroup Inc. raised its stake in PagSeguro Digital by 587.0% during the third quarter. Citigroup Inc. now owns 1,052,166 shares of the company's stock worth $9,059,000 after acquiring an additional 899,010 shares during the period. Institutional investors own 45.88% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Bank of America restated a "neutral" rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. JPMorgan Chase & Co. cut their price target on PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Finally, Citigroup restated a "neutral" rating and set a $7.00 price objective (down from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, PagSeguro Digital presently has a consensus rating of "Hold" and a consensus price target of $11.63.

PagSeguro Digital Trading Down 3.0 %

PAGS traded down $0.25 during trading hours on Friday, hitting $7.92. The company's stock had a trading volume of 2,439,341 shares, compared to its average volume of 4,603,115. PagSeguro Digital Ltd. has a fifty-two week low of $6.11 and a fifty-two week high of $14.82. The company has a 50-day simple moving average of $7.64 and a 200 day simple moving average of $7.69. The firm has a market capitalization of $2.61 billion, a PE ratio of 6.54, a PEG ratio of 0.51 and a beta of 2.04.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its quarterly earnings data on Friday, February 21st. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 11.12% and a return on equity of 15.49%. Research analysts expect that PagSeguro Digital Ltd. will post 1.17 earnings per share 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.