PagSeguro Digital Ltd. (NYSE:PAGS) Stock Position Trimmed by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 46.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 299,460 shares of the company’s stock after selling 256,124 shares during the quarter. Handelsbanken Fonder AB’s holdings in PagSeguro Digital were worth $3,734,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Waterfront Wealth Inc. raised its position in shares of PagSeguro Digital by 5.5% during the 4th quarter. Waterfront Wealth Inc. now owns 16,230 shares of the company’s stock worth $202,000 after buying an additional 852 shares in the last quarter. Richard P Slaughter Associates Inc raised its position in shares of PagSeguro Digital by 0.7% during the 4th quarter. Richard P Slaughter Associates Inc now owns 170,498 shares of the company’s stock worth $2,126,000 after buying an additional 1,149 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of PagSeguro Digital by 34.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company’s stock worth $64,000 after buying an additional 1,330 shares in the last quarter. Blue Trust Inc. raised its position in shares of PagSeguro Digital by 13.0% during the 4th quarter. Blue Trust Inc. now owns 12,479 shares of the company’s stock worth $156,000 after buying an additional 1,438 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of PagSeguro Digital by 9.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 17,716 shares of the company’s stock worth $153,000 after buying an additional 1,518 shares in the last quarter. 45.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on PAGS. Evercore ISI upgraded shares of PagSeguro Digital from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $12.00 to $18.00 in a research report on Tuesday, March 26th. Cantor Fitzgerald boosted their price target on shares of PagSeguro Digital from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. The Goldman Sachs Group upgraded shares of PagSeguro Digital from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $7.40 to $13.80 in a research report on Monday, January 22nd. Barclays lifted their price objective on shares of PagSeguro Digital from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Finally, Citigroup lifted their price objective on shares of PagSeguro Digital from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, PagSeguro Digital presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.09.

PagSeguro Digital Price Performance

Shares of PAGS opened at $11.82 on Friday. The firm’s 50 day moving average is $13.27 and its 200-day moving average is $11.51. The stock has a market capitalization of $3.89 billion, a P/E ratio of 11.47, a P/E/G ratio of 0.63 and a beta of 1.78. PagSeguro Digital Ltd. has a 12-month low of $6.93 and a 12-month high of $14.98.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Wednesday, February 28th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. The business had revenue of $877.60 million for the quarter, compared to the consensus estimate of $786.91 million. PagSeguro Digital had a net margin of 10.37% and a return on equity of 13.94%. As a group, equities research analysts forecast that PagSeguro Digital Ltd. will post 1.29 EPS for the current fiscal year.

About PagSeguro Digital

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.