Cerity Partners LLC Invests $254,000 in PagSeguro Digital Ltd. (NYSE:PAGS)

Cerity Partners LLC acquired a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 40,187 shares of the company's stock, valued at approximately $254,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of PagSeguro Digital by 101.4% in the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company's stock worth $17,091,000 after buying an additional 999,237 shares during the period. Harbour Capital Advisors LLC purchased a new position in PagSeguro Digital in the 4th quarter worth approximately $482,000. SPX Gestao de Recursos Ltda acquired a new stake in PagSeguro Digital in the third quarter valued at approximately $38,151,000. Geode Capital Management LLC raised its stake in shares of PagSeguro Digital by 49.1% during the third quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company's stock valued at $29,014,000 after purchasing an additional 1,113,103 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of PagSeguro Digital by 16.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company's stock worth $39,770,000 after purchasing an additional 874,777 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company's stock.

PagSeguro Digital Stock Performance

Shares of NYSE:PAGS traded up $0.01 during trading on Wednesday, hitting $10.04. 4,726,643 shares of the stock were exchanged, compared to its average volume of 4,687,779. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 0.51 and a beta of 1.85. PagSeguro Digital Ltd. has a 1-year low of $6.11 and a 1-year high of $14.82. The company's fifty day simple moving average is $8.19 and its 200-day simple moving average is $7.68.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The company had revenue of $875.27 million for the quarter, compared to analyst estimates of $872.66 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. On average, research analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

PAGS has been the topic of several recent analyst reports. Citigroup upgraded PagSeguro Digital from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $7.00 to $10.00 in a research note on Tuesday, April 22nd. Barclays decreased their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, PagSeguro Digital has a consensus rating of "Moderate Buy" and a consensus target price of $11.88.

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.