Public Employees Retirement System of Ohio Acquires New Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Public Employees Retirement System of Ohio bought a new position in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 282,352 shares of the company's stock, valued at approximately $2,431,000. Public Employees Retirement System of Ohio owned approximately 0.09% of PagSeguro Digital as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Y.D. More Investments Ltd increased its position in PagSeguro Digital by 82.5% in the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company's stock worth $47,000 after purchasing an additional 1,800 shares during the last quarter. Family Firm Inc. bought a new position in shares of PagSeguro Digital in the second quarter worth about $50,000. EverSource Wealth Advisors LLC bought a new position in shares of PagSeguro Digital in the second quarter worth about $74,000. Quarry LP grew its holdings in shares of PagSeguro Digital by 156.2% in the second quarter. Quarry LP now owns 6,242 shares of the company's stock worth $73,000 after purchasing an additional 3,806 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of PagSeguro Digital by 26.8% in the second quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company's stock worth $79,000 after purchasing an additional 1,421 shares during the last quarter. Hedge funds and other institutional investors own 45.88% of the company's stock.

Wall Street Analyst Weigh In

PAGS has been the topic of a number of research analyst reports. Barclays cut their price target on shares of PagSeguro Digital from $16.00 to $13.00 and set an "overweight" rating on the stock in a report on Tuesday, October 15th. Bank of America reaffirmed a "neutral" rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. KeyCorp raised shares of PagSeguro Digital to a "hold" rating in a research note on Friday, November 15th. The Goldman Sachs Group lowered their price objective on shares of PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Finally, Cantor Fitzgerald raised shares of PagSeguro Digital to a "strong-buy" rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $14.00.

PagSeguro Digital Price Performance

Shares of PAGS stock traded down $0.55 during mid-day trading on Wednesday, hitting $6.22. 7,076,124 shares of the stock traded hands, compared to its average volume of 4,268,376. The stock has a market cap of $2.05 billion, a P/E ratio of 5.14, a P/E/G ratio of 0.44 and a beta of 1.92. The stock's fifty day moving average is $7.86 and its two-hundred day moving average is $10.12. PagSeguro Digital Ltd. has a 52-week low of $6.18 and a 52-week high of $14.98.

PagSeguro Digital Company 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.