Nomura Asset Management Co. Ltd. Boosts Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Nomura Asset Management Co. Ltd. boosted its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 1,238.9% in the third quarter, HoldingsChannel.com reports. The firm owned 24,100 shares of the company’s stock after buying an additional 22,300 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in PagSeguro Digital were worth $208,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PAGS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of PagSeguro Digital in the 3rd quarter valued at $5,716,000. Citigroup Inc. lifted its position in PagSeguro Digital by 587.0% in the third quarter. Citigroup Inc. now owns 1,052,166 shares of the company’s stock valued at $9,059,000 after acquiring an additional 899,010 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in PagSeguro Digital in the third quarter valued at $3,246,000. Principal Financial Group Inc. grew its holdings in shares of PagSeguro Digital by 23.8% during the third quarter. Principal Financial Group Inc. now owns 403,938 shares of the company’s stock worth $3,478,000 after purchasing an additional 77,543 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in shares of PagSeguro Digital during the second quarter worth about $1,212,000. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

PagSeguro Digital Stock Up 1.4 %

Shares of PagSeguro Digital stock opened at $7.05 on Monday. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 5.83, a price-to-earnings-growth ratio of 0.44 and a beta of 1.92. PagSeguro Digital Ltd. has a 52-week low of $6.82 and a 52-week high of $14.98. The company’s 50-day simple moving average is $7.92 and its 200-day simple moving average is $10.20.

Analysts Set New Price Targets

A number of research firms recently issued reports on PAGS. The Goldman Sachs Group dropped their price target on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. Morgan Stanley reiterated an “underweight” rating and issued a $6.50 price target (down previously from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. Cantor Fitzgerald raised shares of PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Bank of America reaffirmed a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.36.

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.