PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by Cohen Capital Management Inc.

Cohen Capital Management Inc. lowered its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 12.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,962 shares of the company’s stock after selling 10,000 shares during the quarter. Cohen Capital Management Inc.’s holdings in PagSeguro Digital were worth $1,013,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position in PagSeguro Digital by 34.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company’s stock valued at $64,000 after purchasing an additional 1,330 shares during the period. Principal Securities Inc. acquired a new position in PagSeguro Digital during the 4th quarter worth $69,000. Canton Hathaway LLC acquired a new position in PagSeguro Digital during the 4th quarter worth $69,000. Csenge Advisory Group acquired a new position in PagSeguro Digital during the 1st quarter worth $146,000. Finally, Confluence Investment Management LLC acquired a new position in PagSeguro Digital during the 1st quarter worth $149,000. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Trading Up 2.5 %

Shares of PagSeguro Digital stock traded up $0.32 on Thursday, reaching $13.24. 2,566,993 shares of the company were exchanged, compared to its average volume of 3,138,483. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 0.53 and a beta of 1.92. PagSeguro Digital Ltd. has a fifty-two week low of $6.93 and a fifty-two week high of $14.98. The stock has a fifty day moving average price of $12.11 and a 200-day moving average price of $12.70.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings results on Friday, May 24th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $869.86 million for the quarter, compared to analyst estimates of $679.16 million. PagSeguro Digital had a return on equity of 14.51% and a net margin of 10.70%. On average, equities analysts anticipate that PagSeguro Digital Ltd. will post 1.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PAGS shares. New Street Research upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $15.00 to $18.00 in a research report on Monday, March 18th. UBS Group cut their price objective on PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a report on Monday. Citigroup upped their price objective on PagSeguro Digital from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. JPMorgan Chase & Co. upped their price objective on PagSeguro Digital from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Finally, The Goldman Sachs Group upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday, June 26th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, PagSeguro Digital currently has an average rating of “Moderate Buy” and an average price target of $16.44.

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.