State Street Corp boosted its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 50.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,908,054 shares of the company's stock after purchasing an additional 1,990,849 shares during the quarter. State Street Corp owned about 1.79% of PagSeguro Digital worth $50,868,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of PAGS. Nisa Investment Advisors LLC grew its position in PagSeguro Digital by 26.8% in the 2nd 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 period. Family Firm Inc. bought a new stake in shares of PagSeguro Digital in the second quarter worth $50,000. Bank of New York Mellon Corp increased its position in PagSeguro Digital by 8.5% during the second quarter. Bank of New York Mellon Corp now owns 646,392 shares of the company's stock valued at $7,556,000 after acquiring an additional 50,643 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in PagSeguro Digital by 14.5% in the second quarter. Principal Financial Group Inc. now owns 326,395 shares of the company's stock valued at $3,816,000 after acquiring an additional 41,376 shares during the period. Finally, nVerses Capital LLC purchased a new position in PagSeguro Digital in the second quarter worth about $195,000. 45.88% of the stock is currently owned by institutional investors.
PagSeguro Digital Price Performance
Shares of PagSeguro Digital stock traded up $0.14 during trading on Friday, reaching $6.40. 8,045,425 shares of the stock traded hands, compared to its average volume of 4,297,747. PagSeguro Digital Ltd. has a 52-week low of $6.11 and a 52-week high of $14.98. The business has a fifty day simple moving average of $7.79 and a two-hundred day simple moving average of $10.07. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 5.29, a P/E/G ratio of 0.44 and a beta of 1.92.
Analyst Ratings Changes
PAGS has been the topic of several recent research reports. Morgan Stanley reiterated an "underweight" rating and issued a $6.50 price objective (down previously from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. KeyCorp raised shares of PagSeguro Digital to a "hold" rating in a research report on Friday, November 15th. The Goldman Sachs Group decreased their target price on PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Susquehanna cut their price target on PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating for the company in a report on Monday, November 18th. Finally, Cantor Fitzgerald raised PagSeguro Digital to a "strong-buy" rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, PagSeguro Digital currently has an average rating of "Moderate Buy" and an average price target of $14.00.
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PagSeguro Digital Company Profile
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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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