Prudential Financial Inc. lessened its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 87.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,025 shares of the company's stock after selling 93,900 shares during the quarter. Prudential Financial Inc.'s holdings in PagSeguro Digital were worth $88,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. 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 purchasing an additional 999,237 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in PagSeguro Digital during the fourth quarter worth about $482,000. SPX Gestao de Recursos Ltda bought a new position in PagSeguro Digital in the 3rd quarter worth about $38,151,000. Geode Capital Management LLC raised 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 acquiring an additional 1,113,103 shares in the last quarter. Finally, State Street Corp boosted its position in shares of PagSeguro Digital by 50.8% during the 3rd quarter. State Street Corp now owns 5,908,054 shares of the company's stock valued at $50,868,000 after acquiring an additional 1,990,849 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors.
PagSeguro Digital Trading Up 0.3 %
Shares of NYSE:PAGS traded up $0.03 during trading on Tuesday, reaching $8.51. 2,574,871 shares of the company traded hands, compared to its average volume of 4,695,714. PagSeguro Digital Ltd. has a 52-week low of $6.11 and a 52-week high of $14.82. The business's fifty day moving average is $7.87 and its 200-day moving average is $7.59. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 7.03, a P/E/G ratio of 0.51 and a beta of 1.85.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last released 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. The firm 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%. On average, sell-side analysts predict that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
PAGS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Citigroup restated a "neutral" rating and set a $7.00 price objective (down previously from $17.00) on shares of PagSeguro Digital in a research 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 assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, PagSeguro Digital presently has an average rating of "Hold" and a consensus price target of $11.63.
Read Our Latest Stock 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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