Sumitomo Mitsui Trust Group Inc. Invests $3.25 Million in PagSeguro Digital Ltd. (NYSE:PAGS)

Sumitomo Mitsui Trust Group Inc. bought a new position in PagSeguro Digital Ltd. (NYSE:PAGS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 377,030 shares of the company’s stock, valued at approximately $3,246,000.

Other institutional investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd grew its stake in shares of PagSeguro Digital by 82.5% in the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after acquiring an additional 1,800 shares in the last quarter. Family Firm Inc. bought a new stake in shares of PagSeguro Digital in the 2nd quarter worth $50,000. Covestor Ltd grew its stake in shares of PagSeguro Digital by 11,990.2% in the 1st quarter. Covestor Ltd now owns 4,957 shares of the company’s stock worth $71,000 after acquiring an additional 4,916 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in PagSeguro Digital during the second quarter valued at about $74,000. Finally, Quarry LP grew its position in PagSeguro Digital by 156.2% during the second quarter. Quarry LP now owns 6,242 shares of the company’s stock valued at $73,000 after buying an additional 3,806 shares during the period. Institutional investors own 45.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PAGS shares. Susquehanna reduced their price target on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research report on Monday. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. The Goldman Sachs Group reduced their price target on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday. Itau BBA Securities lowered shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target for the company. in a research report on Tuesday, October 1st. Finally, Barclays reduced their price target on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.36.

PagSeguro Digital Stock Down 0.7 %

NYSE PAGS opened at $7.59 on Tuesday. PagSeguro Digital Ltd. has a 52 week low of $7.56 and a 52 week high of $14.98. The company has a market cap of $2.50 billion, a PE ratio of 6.27, a price-to-earnings-growth ratio of 0.39 and a beta of 1.95. The firm’s 50-day simple moving average is $8.47 and its two-hundred day simple moving average is $10.88.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The firm had revenue of $874.38 million for the quarter, compared to the consensus estimate of $816.34 million. During the same period in the prior year, the firm posted $0.26 earnings per share. As a group, equities research analysts anticipate that PagSeguro Digital Ltd. will post 1.19 EPS for the current 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.