Lazard Asset Management LLC Purchases 1,001,581 Shares of PagSeguro Digital Ltd. $PAGS

Lazard Asset Management LLC boosted its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 101.7% during the 1st quarter, HoldingsChannel reports. The firm owned 1,986,771 shares of the company’s stock after purchasing an additional 1,001,581 shares during the period. Lazard Asset Management LLC’s holdings in PagSeguro Digital were worth $19,907,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its position in shares of PagSeguro Digital by 108.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,610,914 shares of the company’s stock valued at $63,729,000 after purchasing an additional 3,435,211 shares during the last quarter. Maple Rock Capital Partners Inc. purchased a new position in shares of PagSeguro Digital in the third quarter worth approximately $28,011,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of PagSeguro Digital by 5,302.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,156,848 shares of the company’s stock worth $21,568,000 after buying an additional 2,116,925 shares during the last quarter. Orbis Allan Gray Ltd bought a new stake in PagSeguro Digital during the second quarter valued at approximately $20,106,000. Finally, Jain Global LLC bought a new stake in PagSeguro Digital during the fourth quarter valued at approximately $17,424,000. 45.88% of the stock is currently owned by institutional investors.

PagSeguro Digital Trading Up 2.7%

Shares of NYSE:PAGS opened at $9.63 on Wednesday. The stock has a 50 day moving average of $9.07 and a 200 day moving average of $9.93. The company has a market cap of $2.69 billion, a PE ratio of 7.08, a price-to-earnings-growth ratio of 0.46 and a beta of 1.32. PagSeguro Digital Ltd. has a 12-month low of $7.74 and a 12-month high of $12.32.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Wednesday, May 13th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%.The firm had revenue of $642.01 million during the quarter, compared to analysts’ expectations of $952.64 million. Equities research analysts predict that PagSeguro Digital Ltd. will post 1.69 earnings per share for the current fiscal year.

Insider Buying and Selling at PagSeguro Digital

In other PagSeguro Digital news, insider Da Silva Ricardo Dutra sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $9.24, for a total value of $231,000.00. Following the completion of the transaction, the insider directly owned 25,000 shares in the company, valued at $231,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Wall Street Analyst Weigh In

A number of brokerages have commented on PAGS. Bank of America cut shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a report on Wednesday, July 15th. Weiss Ratings cut shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Jefferies Financial Group began coverage on shares of PagSeguro Digital in a research report on Thursday, July 23rd. They set a “hold” rating and a $10.40 price objective for the company. Autonomous Res lowered PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Finally, Wall Street Zen cut PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $10.98.

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.