SPX Gestao de Recursos Ltda Takes Position in PagSeguro Digital Ltd. (NYSE:PAGS)

SPX Gestao de Recursos Ltda bought a new stake in PagSeguro Digital Ltd. (NYSE:PAGS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,430,978 shares of the company’s stock, valued at approximately $38,151,000. PagSeguro Digital makes up approximately 5.0% of SPX Gestao de Recursos Ltda’s investment portfolio, making the stock its 4th biggest holding. SPX Gestao de Recursos Ltda owned approximately 1.34% of PagSeguro Digital at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Marshall Wace LLP grew its stake in shares of PagSeguro Digital by 55.5% in the 2nd quarter. Marshall Wace LLP now owns 6,994,870 shares of the company’s stock valued at $81,770,000 after purchasing an additional 2,497,968 shares during the period. State Street Corp raised its stake in PagSeguro Digital by 50.8% during the 3rd quarter. State Street Corp now owns 5,908,054 shares of the company’s stock worth $50,868,000 after buying an additional 1,990,849 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of PagSeguro Digital by 26.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock valued at $47,168,000 after purchasing an additional 1,144,590 shares during the period. Millennium Management LLC grew its holdings in shares of PagSeguro Digital by 115.1% in the 2nd quarter. Millennium Management LLC now owns 3,813,901 shares of the company’s stock valued at $44,585,000 after acquiring an additional 2,040,704 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of PagSeguro Digital by 49.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company’s stock valued at $29,014,000 after acquiring an additional 1,113,103 shares in the last quarter. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Price Performance

Shares of PagSeguro Digital stock traded up $0.08 during trading on Friday, hitting $7.03. The company’s stock had a trading volume of 1,281,140 shares, compared to its average volume of 4,220,082. PagSeguro Digital Ltd. has a 52 week low of $6.82 and a 52 week high of $14.98. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 5.74, a price-to-earnings-growth ratio of 0.44 and a beta of 1.92. The stock has a 50-day moving average price of $7.95 and a two-hundred day moving average price of $10.26.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PAGS. Bank of America restated a “neutral” rating on shares of PagSeguro Digital in a research report on Tuesday. KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. Susquehanna dropped 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, November 18th. Morgan Stanley reiterated an “underweight” rating and issued a $6.50 price target (down from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. Finally, The Goldman Sachs Group lowered their price objective 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, November 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently 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.