Russell Investments Group Ltd. boosted its position in PagSeguro Digital Ltd. (NYSE:PAGS – Get Rating) by 637.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,563,404 shares of the company’s stock after purchasing an additional 1,351,293 shares during the period. Russell Investments Group Ltd. owned approximately 0.47% of PagSeguro Digital worth $20,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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Several other institutional investors have also added to or reduced their stakes in PAGS. HighTower Advisors LLC raised its stake in shares of PagSeguro Digital by 8.7% during the first quarter. HighTower Advisors LLC now owns 21,809 shares of the company’s stock valued at $436,000 after acquiring an additional 1,748 shares in the last quarter. Natixis Advisors L.P. raised its stake in shares of PagSeguro Digital by 90.8% during the first quarter. Natixis Advisors L.P. now owns 83,002 shares of the company’s stock valued at $1,664,000 after acquiring an additional 39,497 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of PagSeguro Digital by 18.3% during the first quarter. Dimensional Fund Advisors LP now owns 23,839 shares of the company’s stock valued at $478,000 after acquiring an additional 3,695 shares in the last quarter. Sei Investments Co. raised its stake in shares of PagSeguro Digital by 0.7% during the first quarter. Sei Investments Co. now owns 269,645 shares of the company’s stock valued at $5,403,000 after acquiring an additional 1,884 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of PagSeguro Digital by 6.9% during the first quarter. Vanguard Group Inc. now owns 146,147 shares of the company’s stock valued at $2,930,000 after acquiring an additional 9,497 shares in the last quarter. Institutional investors own 52.50% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of PagSeguro Digital from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $16.00 to $12.00 in a report on Tuesday, November 29th. Wells Fargo & Company cut their price objective on shares of PagSeguro Digital from $14.00 to $9.50 and set an “equal weight” rating on the stock in a report on Monday, January 9th. Evercore ISI cut their price objective on shares of PagSeguro Digital from $16.00 to $13.00 in a report on Wednesday, November 23rd. Susquehanna cut their price objective on shares of PagSeguro Digital from $26.00 to $16.00 in a report on Thursday, December 29th. Finally, New Street Research raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and cut their price target for the stock from $22.00 to $17.00 in a report on Wednesday, December 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, PagSeguro Digital presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.91.
PagSeguro Digital Stock Performance
Shares of PagSeguro Digital stock opened at $10.33 on Friday. The firm has a 50-day simple moving average of $9.22 and a two-hundred day simple moving average of $12.15. The company has a market cap of $3.40 billion, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 1.13 and a beta of 1.47. PagSeguro Digital Ltd. has a fifty-two week low of $7.51 and a fifty-two week high of $23.29.
PagSeguro Digital (NYSE:PAGS – Get Rating) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $770.41 million during the quarter, compared to the consensus estimate of $781.75 million. PagSeguro Digital had a net margin of 9.57% and a return on equity of 18.02%. Equities research analysts forecast that PagSeguro Digital Ltd. will post 0.89 EPS for the current year.
About PagSeguro Digital
PagSeguro Digital Ltd. is engaged in the provision of financial technology solutions focused on consumers, individual entrepreneurs, micro-merchants, small companies and medium-sized companies in Brazil. Its business model covers the following pillars: Multiple digital payment solutions; In-person payments via POS devices that sell to merchants; Free digital accounts; Issuer of prepaid cards to clients for spending or withdrawing account balances, and Operating as an acquirer.
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