PagSeguro Digital Ltd. $PAGS Shares Sold by Incline Global Management LLC

Incline Global Management LLC reduced its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 28.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 971,597 shares of the company’s stock after selling 383,839 shares during the period. PagSeguro Digital makes up approximately 3.2% of Incline Global Management LLC’s investment portfolio, making the stock its 19th biggest holding. Incline Global Management LLC’s holdings in PagSeguro Digital were worth $9,366,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Intech Investment Management LLC lifted its position in PagSeguro Digital by 29.9% during the first quarter. Intech Investment Management LLC now owns 150,945 shares of the company’s stock valued at $1,152,000 after purchasing an additional 34,787 shares during the period. Hsbc Holdings PLC lifted its position in PagSeguro Digital by 41.9% during the second quarter. Hsbc Holdings PLC now owns 44,955 shares of the company’s stock valued at $433,000 after purchasing an additional 13,279 shares during the period. Norges Bank acquired a new position in PagSeguro Digital during the second quarter valued at $529,000. First Trust Advisors LP lifted its position in PagSeguro Digital by 9.7% during the second quarter. First Trust Advisors LP now owns 23,684 shares of the company’s stock valued at $228,000 after purchasing an additional 2,098 shares during the period. Finally, Amundi lifted its position in PagSeguro Digital by 48.7% during the second quarter. Amundi now owns 25,946 shares of the company’s stock valued at $244,000 after purchasing an additional 8,500 shares during the period. 45.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Autonomous Res downgraded shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Weiss Ratings restated a “hold (c+)” rating on shares of PagSeguro Digital in a research report on Friday, May 8th. JPMorgan Chase & Co. decreased their target price on shares of PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Finally, Wall Street Zen downgraded shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, PagSeguro Digital presently has a consensus rating of “Hold” and a consensus target price of $12.00.

Insider Transactions at PagSeguro Digital

In related news, Director Alexandre Mr Magnani sold 200,000 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $11.26, for a total transaction of $2,252,000.00. Following the transaction, the director directly owned 607,390 shares in the company, valued at approximately $6,839,211.40. The trade was a 24.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Luis Frias purchased 498,500 shares of the stock in a transaction that occurred on Friday, March 27th. The shares were acquired at an average price of $9.96 per share, for a total transaction of $4,965,060.00. Following the completion of the transaction, the director directly owned 2,673,605 shares of the company’s stock, valued at $26,629,105.80. The trade was a 22.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

PagSeguro Digital Stock Down 0.8%

PAGS stock opened at $8.91 on Thursday. The stock has a market capitalization of $2.49 billion, a P/E ratio of 6.55, a P/E/G ratio of 0.36 and a beta of 1.33. The firm has a 50-day simple moving average of $9.73 and a 200-day simple moving average of $10.09. PagSeguro Digital Ltd. has a 52 week low of $7.74 and a 52 week high of $12.32.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Wednesday, May 13th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The company had revenue of $642.01 million for the quarter, compared to analysts’ expectations of $952.64 million. PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%. On average, analysts expect that PagSeguro Digital Ltd. will post 1.7 earnings per share for the current year.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.