Mitsubishi UFJ Asset Management Co. Ltd. trimmed its position in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 81.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,951 shares of the company's stock after selling 149,123 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in PagSeguro Digital were worth $219,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. boosted its position in shares of PagSeguro Digital by 16.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company's stock valued at $39,770,000 after purchasing an additional 874,777 shares in the last quarter. State Street Corp raised its holdings in shares of PagSeguro Digital by 50.8% during the third quarter. State Street Corp now owns 5,908,054 shares of the company's stock worth $50,868,000 after acquiring an additional 1,990,849 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in shares of PagSeguro Digital during the 3rd quarter worth about $38,151,000. Geode Capital Management LLC lifted its stake in PagSeguro Digital by 49.1% in the third quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company's stock valued at $29,014,000 after acquiring an additional 1,113,103 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in PagSeguro Digital by 101.4% in the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company's stock worth $17,091,000 after purchasing an additional 999,237 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company's stock.
PagSeguro Digital Price Performance
Shares of PAGS traded down $0.26 on Tuesday, reaching $7.57. 6,512,503 shares of the stock traded hands, compared to its average volume of 4,674,235. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 6.25, a P/E/G ratio of 0.51 and a beta of 1.85. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $14.82. The stock's 50-day moving average price is $7.80 and its 200-day moving average price is $7.61.
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, beating analysts' consensus estimates of $0.29 by $0.05. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The company had revenue of $875.27 million during the quarter, compared to analysts' expectations of $872.66 million. As a group, equities research analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.
Analyst Ratings Changes
PAGS has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Bank of America reissued a "neutral" rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $7.00 target price (down previously from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, PagSeguro Digital has an average rating of "Hold" and an average price target of $11.63.
Read Our Latest Report on PAGS
PagSeguro Digital Company Profile
(
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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