Penserra Capital Management LLC Increases Stock Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Penserra Capital Management LLC boosted its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 2.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 349,917 shares of the company’s stock after acquiring an additional 9,020 shares during the period. Penserra Capital Management LLC owned 0.11% of PagSeguro Digital worth $3,011,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Marshall Wace LLP grew its stake in shares of PagSeguro Digital by 55.5% in the second quarter. Marshall Wace LLP now owns 6,994,870 shares of the company’s stock worth $81,770,000 after purchasing an additional 2,497,968 shares during the last quarter. Millennium Management LLC grew its position 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 worth $44,585,000 after buying an additional 2,040,704 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of PagSeguro Digital by 26.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock valued at $47,168,000 after buying an additional 1,144,590 shares during the period. American Century Companies Inc. raised its holdings in shares of PagSeguro Digital by 251.4% during the second quarter. American Century Companies Inc. now owns 1,320,420 shares of the company’s stock valued at $15,436,000 after acquiring an additional 944,660 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in PagSeguro Digital by 587.0% in the third quarter. Citigroup Inc. now owns 1,052,166 shares of the company’s stock worth $9,059,000 after acquiring an additional 899,010 shares during the period. Hedge funds and other institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Trading Up 3.3 %

Shares of NYSE:PAGS opened at $8.21 on Tuesday. The stock has a fifty day simple moving average of $8.35 and a two-hundred day simple moving average of $10.74. PagSeguro Digital Ltd. has a 12-month low of $7.35 and a 12-month high of $14.98. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 6.79, a PEG ratio of 0.41 and a beta of 1.95.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Susquehanna decreased 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 note on Monday, November 18th. Morgan Stanley reaffirmed an “underweight” rating and set a $6.50 price objective (down from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, KeyCorp upgraded PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.36.

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.