Azora Capital LP purchased a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,374,369 shares of the company's stock, valued at approximately $8,604,000. Azora Capital LP owned approximately 0.42% of PagSeguro Digital at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of PagSeguro Digital by 101.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company's stock valued at $17,091,000 after purchasing an additional 999,237 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in PagSeguro Digital in the 4th quarter valued at approximately $482,000. Robeco Institutional Asset Management B.V. boosted its position in PagSeguro Digital by 16.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company's stock valued at $39,770,000 after buying an additional 874,777 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of PagSeguro Digital by 11.7% during the fourth quarter. Principal Financial Group Inc. now owns 451,110 shares of the company's stock worth $2,824,000 after buying an additional 47,172 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of PagSeguro Digital by 112.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 81,371 shares of the company's stock worth $509,000 after buying an additional 42,990 shares in the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.
PagSeguro Digital Price Performance
Shares of PagSeguro Digital stock traded down $0.16 during midday trading on Wednesday, reaching $9.55. The company had a trading volume of 2,760,814 shares, compared to its average volume of 4,715,270. The firm has a market cap of $3.15 billion, a PE ratio of 7.89, a P/E/G ratio of 0.51 and a beta of 1.70. The stock has a fifty day moving average price of $8.39 and a 200 day moving average price of $7.72. PagSeguro Digital Ltd. has a fifty-two week low of $6.11 and a fifty-two week high of $14.82.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The firm had revenue of $875.27 million for the quarter, compared to the consensus estimate of $872.66 million. As a group, sell-side analysts forecast that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts recently weighed in on PAGS shares. Barclays cut their price objective on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Citigroup raised PagSeguro Digital from a "neutral" rating to a "buy" rating and lifted their price target for the company from $7.00 to $10.00 in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $11.88.
Check Out Our Latest Research Report on PAGS
About PagSeguro Digital
(
Free Report)
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.
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