PagSeguro Digital Ltd. (NYSE:PAGS) Position Boosted by Bellecapital International Ltd.

Bellecapital International Ltd. boosted its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 11.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 232,819 shares of the company’s stock after acquiring an additional 23,889 shares during the quarter. Bellecapital International Ltd.’s holdings in PagSeguro Digital were worth $2,005,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sylebra Capital LLC increased its holdings in shares of PagSeguro Digital by 0.7% during the first quarter. Sylebra Capital LLC now owns 9,593,685 shares of the company’s stock valued at $136,998,000 after purchasing an additional 64,671 shares during the period. Marshall Wace LLP grew its position in 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 buying an additional 2,497,968 shares in the last quarter. Millennium Management LLC increased its stake in PagSeguro Digital by 115.1% during the 2nd quarter. Millennium Management LLC now owns 3,813,901 shares of the company’s stock valued at $44,585,000 after buying an additional 2,040,704 shares during the period. Acadian Asset Management LLC raised its position in shares of PagSeguro Digital by 35.7% during the 2nd quarter. Acadian Asset Management LLC now owns 2,454,259 shares of the company’s stock worth $28,670,000 after buying an additional 645,562 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of PagSeguro Digital by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company’s stock worth $21,496,000 after acquiring an additional 92,026 shares during the period. Institutional investors own 45.88% of the company’s stock.

Wall Street Analysts Forecast Growth

PAGS has been the topic of a number of research analyst reports. The Goldman Sachs Group upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, June 26th. Morgan Stanley reiterated an “underweight” rating and set a $6.50 price target (down from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. Barclays cut their price objective on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. UBS Group reduced their price objective on shares of PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a research report on Monday, July 8th. Finally, Cantor Fitzgerald raised shares of PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.50.

PagSeguro Digital Stock Down 0.8 %

Shares of PagSeguro Digital stock traded down $0.07 during midday trading on Monday, hitting $8.35. The company’s stock had a trading volume of 844,945 shares, compared to its average volume of 3,885,552. PagSeguro Digital Ltd. has a 1-year low of $6.93 and a 1-year high of $14.98. The firm has a market capitalization of $2.75 billion, a P/E ratio of 7.59, a PEG ratio of 0.43 and a beta of 1.94. The stock has a 50-day simple moving average of $9.99 and a 200-day simple moving average of $11.51.

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

About PagSeguro Digital

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.