Truffle Hound Capital LLC Invests $5.01 Million in PagSeguro Digital Ltd. (NYSE:PAGS)

Truffle Hound Capital LLC purchased a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 800,000 shares of the company's stock, valued at approximately $5,008,000. PagSeguro Digital comprises 1.8% of Truffle Hound Capital LLC's holdings, making the stock its 17th biggest holding. Truffle Hound Capital LLC owned approximately 0.24% of PagSeguro Digital at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Signaturefd LLC grew its stake in PagSeguro Digital by 1,306.5% during the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company's stock worth $29,000 after buying an additional 4,233 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of PagSeguro Digital in the fourth quarter worth approximately $79,000. Point72 Hong Kong Ltd boosted its stake in shares of 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 purchasing an additional 2,767 shares during the last quarter. Virtu Financial LLC acquired a new stake in PagSeguro Digital during the 3rd quarter worth about $98,000. Finally, Xponance Inc. increased its holdings in PagSeguro Digital by 37.8% in the fourth quarter. Xponance Inc. now owns 17,105 shares of the company's stock worth $107,000 after purchasing an additional 4,695 shares in the last quarter. 45.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Bank of America reissued a "neutral" rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Finally, Citigroup reissued a "neutral" rating and issued a $7.00 price target (down from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $12.33.

Remove Ads

PagSeguro Digital Stock Performance

PAGS stock traded down $0.12 during midday trading on Wednesday, reaching $8.15. The company's stock had a trading volume of 2,580,873 shares, compared to its average volume of 4,474,706. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 0.51 and a beta of 2.04. The stock has a fifty day simple moving average of $7.58 and a two-hundred day simple moving average of $7.70. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $14.82.

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