PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 69.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,036 shares of the company's stock after selling 46,761 shares during the quarter. Teacher Retirement System of Texas' holdings in PagSeguro Digital were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in PAGS. The Manufacturers Life Insurance Company raised its stake in PagSeguro Digital by 23.8% during the third quarter. The Manufacturers Life Insurance Company now owns 103,971 shares of the company's stock worth $895,000 after purchasing an additional 19,972 shares during the period. BNP Paribas Financial Markets raised its position in shares of PagSeguro Digital by 310.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 303,961 shares of the company's stock worth $2,617,000 after buying an additional 229,850 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of PagSeguro Digital in the 3rd quarter worth $362,000. Public Sector Pension Investment Board acquired a new position in PagSeguro Digital in the third quarter valued at $1,460,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in PagSeguro Digital during the third quarter valued at about $5,716,000. 45.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PAGS. JPMorgan Chase & Co. cut their price objective on 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 restated a "neutral" rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Finally, Citigroup reissued a "neutral" rating and issued a $7.00 price objective (down previously from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $11.63.

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PagSeguro Digital Stock Performance

Shares of PAGS stock traded down $0.05 on Monday, hitting $7.83. The stock had a trading volume of 6,906,057 shares, compared to its average volume of 4,664,731. The stock's 50 day moving average is $7.78 and its 200-day moving average is $7.62. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 6.47, a P/E/G ratio of 0.51 and a beta of 1.85. PagSeguro Digital Ltd. has a 52-week low of $6.11 and a 52-week high of $14.82.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted 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. 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. Equities analysts expect that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current 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.