Financial Perspectives Inc Boosts Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Financial Perspectives Inc grew its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 41.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,460 shares of the company’s stock after buying an additional 5,948 shares during the quarter. Financial Perspectives Inc’s holdings in PagSeguro Digital were worth $239,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PAGS. Norges Bank acquired a new stake in PagSeguro Digital in the 4th quarter valued at $54,522,000. TimesSquare Capital Management LLC acquired a new position in PagSeguro Digital during the 1st quarter worth approximately $3,665,000. Russell Investments Group Ltd. boosted its holdings in PagSeguro Digital by 95.2% in the 1st quarter. Russell Investments Group Ltd. now owns 1,281,587 shares of the company’s stock worth $18,316,000 after acquiring an additional 625,023 shares during the period. Vanguard Group Inc. grew its position in PagSeguro Digital by 6.5% in the first quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company’s stock valued at $21,496,000 after acquiring an additional 92,026 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of PagSeguro Digital by 1,136.0% during the second quarter. SG Americas Securities LLC now owns 208,763 shares of the company’s stock valued at $2,440,000 after purchasing an additional 191,873 shares during the period. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Trading Up 0.8 %

PAGS stock opened at $9.12 on Monday. The stock’s 50 day simple moving average is $12.09 and its 200 day simple moving average is $12.44. PagSeguro Digital Ltd. has a 12-month low of $6.93 and a 12-month high of $14.98. The firm has a market cap of $3.01 billion, a P/E ratio of 8.22, a P/E/G ratio of 0.47 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, topping 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 company had revenue of $874.38 million for the quarter, compared to analysts’ expectations of $816.34 million. During the same period in the prior year, the company earned $0.26 earnings per share. On average, research analysts forecast that PagSeguro Digital Ltd. will post 1.19 EPS for the current fiscal year.

Analyst Ratings Changes

PAGS has been the subject of several analyst reports. The Goldman Sachs Group upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Wednesday, June 26th. Barclays lowered their target price on PagSeguro Digital from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. UBS Group cut their price target on PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating on the stock in a research note on Monday, July 8th. Morgan Stanley restated an “underweight” rating and set a $6.50 price objective (down previously from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. lifted their price objective on PagSeguro Digital from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.11.

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.