Rhumbline Advisers Has $1.87 Million Stock Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Rhumbline Advisers lowered its stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 19.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 298,347 shares of the company's stock after selling 71,638 shares during the period. Rhumbline Advisers owned approximately 0.09% of PagSeguro Digital worth $1,868,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Hong Kong Ltd increased its holdings in PagSeguro Digital by 34.6% in the 3rd quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company's stock valued at $93,000 after buying an additional 2,767 shares during the period. Virtu Financial LLC acquired a new stake in PagSeguro Digital in the third quarter valued at about $98,000. Gulf International Bank UK Ltd bought a new position in PagSeguro Digital in the third quarter valued at about $111,000. DGS Capital Management LLC acquired a new position in PagSeguro Digital during the third quarter worth about $113,000. Finally, Creative Planning bought a new position in shares of PagSeguro Digital in the third quarter worth about $115,000. Institutional investors and hedge funds own 45.88% of the company's stock.

Analysts Set New Price Targets

PAGS has been the topic of several research reports. Bank of America reaffirmed a "neutral" rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Susquehanna decreased their target price on shares of PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating on the stock in a research note on Monday, November 18th. The Goldman Sachs Group dropped their price target on PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, November 15th. 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. Finally, JPMorgan Chase & Co. dropped their target price on PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.90.

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PagSeguro Digital Stock Down 0.7 %

PagSeguro Digital stock traded down $0.06 during trading hours on Friday, reaching $7.50. 1,524,313 shares of the company's stock were exchanged, compared to its average volume of 4,611,306. The firm's 50 day simple moving average is $7.16 and its 200 day simple moving average is $8.07. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $14.82. The firm has a market capitalization of $2.47 billion, a PE ratio of 6.19, a PEG ratio of 0.51 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its earnings results on Friday, February 21st. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The business had revenue of $875.27 million during the quarter, compared to analysts' expectations of $872.66 million. Analysts anticipate that PagSeguro Digital Ltd. will post 1.17 EPS 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.