Public Employees Retirement System of Ohio Makes New $2.43 Million Investment in PagSeguro Digital Ltd. (NYSE:PAGS)

Public Employees Retirement System of Ohio acquired a new stake in PagSeguro Digital Ltd. (NYSE:PAGS) during the third quarter, HoldingsChannel reports. The firm acquired 282,352 shares of the company’s stock, valued at approximately $2,431,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC increased its stake in PagSeguro Digital by 26.8% in the second quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock valued at $79,000 after purchasing an additional 1,421 shares during the last quarter. Y.D. More Investments Ltd raised its stake in PagSeguro Digital by 82.5% during the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after acquiring an additional 1,800 shares in the last quarter. Truvestments Capital LLC lifted its position in PagSeguro Digital by 9.9% in the third quarter. Truvestments Capital LLC now owns 21,410 shares of the company’s stock valued at $184,000 after acquiring an additional 1,923 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in PagSeguro Digital by 1.9% in the second quarter. Los Angeles Capital Management LLC now owns 110,951 shares of the company’s stock valued at $1,297,000 after acquiring an additional 2,083 shares in the last quarter. Finally, Point72 Hong Kong Ltd grew its holdings in shares of PagSeguro Digital by 34.6% during the third quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock worth $93,000 after purchasing an additional 2,767 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Price Performance

PAGS opened at $6.77 on Wednesday. PagSeguro Digital Ltd. has a 12 month low of $6.65 and a 12 month high of $14.98. The stock has a market capitalization of $2.23 billion, a P/E ratio of 5.60, a P/E/G ratio of 0.44 and a beta of 1.92. The business has a 50 day simple moving average of $7.89 and a 200-day simple moving average of $10.16.

Analysts Set New Price Targets

Several analysts have recently weighed in on PAGS shares. Barclays reduced their target price on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. Susquehanna decreased their price objective on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a report on Monday, November 18th. JPMorgan Chase & Co. cut their target price on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday. Bank of America reiterated a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. 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 on the stock in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, PagSeguro Digital has an average rating of “Moderate Buy” and an average price target of $14.00.

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.