Principal Financial Group Inc. lifted its position in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 23.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 403,938 shares of the company's stock after acquiring an additional 77,543 shares during the quarter. Principal Financial Group Inc. owned 0.12% of PagSeguro Digital worth $3,478,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in PAGS. Gulf International Bank UK Ltd acquired a new position in PagSeguro Digital in the third quarter worth $111,000. Asset Management One Co. Ltd. grew its position in shares of PagSeguro Digital by 547.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 28,950 shares of the company's stock valued at $249,000 after buying an additional 24,480 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in PagSeguro Digital by 26.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company's stock worth $47,168,000 after acquiring an additional 1,144,590 shares during the last quarter. GW Henssler & Associates Ltd. acquired a new position in PagSeguro Digital in the third quarter valued at approximately $87,000. Finally, Bellecapital International Ltd. grew its holdings in shares of PagSeguro Digital by 11.4% during the third quarter. Bellecapital International Ltd. now owns 232,819 shares of the company's stock valued at $2,005,000 after purchasing an additional 23,889 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
PAGS has been the topic of several recent research reports. Susquehanna cut their price target on PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating on the stock in a report on Monday. Itau BBA Securities lowered shares of PagSeguro Digital from an "outperform" rating to a "market perform" rating and set a $12.00 price target for the company. in a research report on Tuesday, October 1st. KeyCorp upgraded shares of PagSeguro Digital to a "hold" rating in a research report on Friday, November 15th. Morgan Stanley restated an "underweight" rating and issued a $6.50 target price (down previously from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. Finally, Cantor Fitzgerald upgraded PagSeguro Digital to a "strong-buy" rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $14.36.
Check Out Our Latest Stock Report on PAGS
PagSeguro Digital Stock Performance
Shares of NYSE PAGS traded up $0.43 during trading on Friday, reaching $7.94. The company had a trading volume of 6,211,306 shares, compared to its average volume of 3,986,685. The business's 50 day moving average price is $8.37 and its 200-day moving average price is $10.80. PagSeguro Digital Ltd. has a 52 week low of $7.35 and a 52 week high of $14.98. The stock has a market cap of $2.62 billion, a PE ratio of 6.52, a PEG ratio of 0.39 and a beta of 1.95.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. The firm had revenue of $874.38 million during the quarter, compared to analysts' expectations of $816.34 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. During the same quarter in the previous year, the company earned $0.26 earnings per share. Equities analysts anticipate that PagSeguro Digital Ltd. will post 1.19 earnings per share for the current year.
About PagSeguro Digital
(
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.
Featured Articles
Before you consider PagSeguro Digital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PagSeguro Digital wasn't on the list.
While PagSeguro Digital currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for December 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
