Polunin Capital Partners Ltd Has $41.45 Million Position in PagSeguro Digital Ltd. $PAGS

Polunin Capital Partners Ltd boosted its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 15.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,433,460 shares of the company’s stock after purchasing an additional 598,089 shares during the quarter. PagSeguro Digital comprises 6.1% of Polunin Capital Partners Ltd’s portfolio, making the stock its 6th biggest holding. Polunin Capital Partners Ltd owned 1.35% of PagSeguro Digital worth $41,453,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. bought a new stake in shares of PagSeguro Digital during the first quarter valued at approximately $26,000. American Century Companies Inc. lifted its position in shares of PagSeguro Digital by 7.9% in the first quarter. American Century Companies Inc. now owns 308,189 shares of the company’s stock worth $2,351,000 after buying an additional 22,602 shares in the last quarter. Ieq Capital LLC bought a new position in PagSeguro Digital during the first quarter valued at approximately $101,000. Itau Unibanco Holding S.A. purchased a new position in PagSeguro Digital during the 1st quarter valued at approximately $2,198,000. Finally, Maverick Capital Ltd. purchased a new position in PagSeguro Digital during the 1st quarter valued at approximately $1,003,000. 45.88% of the stock is currently owned by institutional investors.

PagSeguro Digital Trading Down 2.9%

PagSeguro Digital stock opened at $9.73 on Wednesday. PagSeguro Digital Ltd. has a 12-month low of $6.11 and a 12-month high of $11.16. The firm has a 50-day moving average price of $9.60 and a 200-day moving average price of $9.24. The firm has a market capitalization of $3.21 billion, a PE ratio of 7.54, a price-to-earnings-growth ratio of 0.51 and a beta of 1.45.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. PagSeguro Digital had a net margin of 11.00% and a return on equity of 15.39%. The company had revenue of $937.15 million for the quarter, compared to analyst estimates of $971.30 million. As a group, sell-side analysts predict that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PAGS. Weiss Ratings reiterated a “hold (c)” rating on shares of PagSeguro Digital in a research report on Wednesday, October 8th. UBS Group upped their price target on shares of PagSeguro Digital from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Susquehanna increased their price objective on shares of PagSeguro Digital from $11.00 to $12.00 and gave the company a “positive” rating in a research report on Friday, November 14th. Wall Street Zen downgraded shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 4th. Finally, Zacks Research downgraded shares of PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.71.

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.