Quantbot Technologies LP Purchases 255,237 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Quantbot Technologies LP grew its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 90.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 538,672 shares of the company's stock after acquiring an additional 255,237 shares during the period. Quantbot Technologies LP owned about 0.16% of PagSeguro Digital worth $3,372,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Signaturefd LLC raised its holdings in PagSeguro Digital by 1,306.5% in the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company's stock valued at $29,000 after buying an additional 4,233 shares during the period. Point72 Hong Kong Ltd grew its holdings in shares of PagSeguro Digital by 34.6% during the third quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company's stock valued at $93,000 after purchasing an additional 2,767 shares during the last quarter. Virtu Financial LLC bought a new stake in PagSeguro Digital in the third quarter valued at $98,000. Raymond James Financial Inc. acquired a new position in PagSeguro Digital during the 4th quarter valued at about $79,000. Finally, DGS Capital Management LLC acquired a new position in shares of PagSeguro Digital during the third quarter worth approximately $113,000. Hedge funds and other institutional investors own 45.88% of the company's stock.

PagSeguro Digital Stock Performance

PagSeguro Digital stock traded down $0.01 during mid-day trading on Thursday, reaching $8.15. The company's stock had a trading volume of 2,029,534 shares, compared to its average volume of 4,465,314. The business's 50 day simple moving average is $7.58 and its 200 day simple moving average is $7.70. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $14.82. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 0.51 and a beta of 2.04.

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PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The company reported $0.34 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 the consensus estimate of $872.66 million. As a group, sell-side analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PAGS. Bank of America restated a "neutral" rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. JPMorgan Chase & Co. lowered their price objective on shares of PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Finally, Citigroup reissued a "neutral" rating and issued a $7.00 price target (down from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $11.63.

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.