Aigen Investment Management LP Takes $432,000 Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Aigen Investment Management LP bought a new position in PagSeguro Digital Ltd. (NYSE:PAGS) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 50,213 shares of the company’s stock, valued at approximately $432,000.

Other large investors have also added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of PagSeguro Digital in the 1st quarter worth $30,000. Y.D. More Investments Ltd lifted its holdings in PagSeguro Digital by 82.5% in the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock valued at $47,000 after acquiring an additional 1,800 shares during the period. Family Firm Inc. bought a new position in PagSeguro Digital in the second quarter valued at about $50,000. Covestor Ltd boosted its position in PagSeguro Digital by 11,990.2% in the first quarter. Covestor Ltd now owns 4,957 shares of the company’s stock worth $71,000 after purchasing an additional 4,916 shares during the last quarter. Finally, Quarry LP grew its stake in shares of PagSeguro Digital by 156.2% during the 2nd quarter. Quarry LP now owns 6,242 shares of the company’s stock valued at $73,000 after purchasing an additional 3,806 shares during the period. Institutional investors own 45.88% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PAGS. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. Barclays dropped their price target on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. The Goldman Sachs Group reduced their price objective on PagSeguro Digital from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Itau BBA Securities downgraded PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a research report on Tuesday, October 1st. Finally, Morgan Stanley reissued an “underweight” rating and set a $6.50 price target (down previously from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.40.

PagSeguro Digital Trading Down 3.3 %

NYSE:PAGS opened at $7.82 on Friday. The stock has a 50-day moving average price of $8.53 and a 200 day moving average price of $10.97. PagSeguro Digital Ltd. has a 12-month low of $7.62 and a 12-month high of $14.98. The stock has a market capitalization of $2.58 billion, a P/E ratio of 6.68, a P/E/G ratio of 0.44 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. The business had revenue of $874.38 million during the quarter, compared to analyst estimates of $816.34 million. During the same period last year, the firm posted $0.26 EPS. On average, research analysts predict that PagSeguro Digital Ltd. will post 1.19 earnings per share for the current fiscal year.

PagSeguro Digital Company 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.