ABS Direct Equity Fund LLC Invests $1.19 Million in PagSeguro Digital Ltd. $PAGS

Key Points

• ABS Direct Equity Fund LLC acquired 118,900 PagSeguro Digital shares worth approximately $1.19 million in the first quarter, while hedge funds and institutional investors collectively own 45.88% of the stock.
• PagSeguro reported quarterly EPS of $0.39, slightly below the $0.40 consensus estimate, and revenue of $642.01 million versus expectations of $952.64 million. The company posted a 10.40% net margin and 16.44% return on equity.
• Analyst sentiment remains cautious, with the stock carrying a consensus “Hold” rating and a $10.98 average price target; shares recently opened at $9.21.

ABS Direct Equity Fund LLC bought a new stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 118,900 shares of the company's stock, valued at approximately $1,191,000.

Several other hedge funds have also modified their holdings of the stock. Artemis Investment Management LLP lifted its position in shares of PagSeguro Digital by 25.2% during the fourth quarter. Artemis Investment Management LLP now owns 6,764,422 shares of the company's stock worth $65,209,000 after purchasing an additional 1,363,223 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in PagSeguro Digital by 108.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,610,914 shares of the company's stock worth $63,729,000 after buying an additional 3,435,211 shares during the period. State Street Corp lifted its holdings in PagSeguro Digital by 3.1% in the 4th quarter. State Street Corp now owns 4,617,616 shares of the company's stock worth $44,514,000 after buying an additional 139,227 shares in the last quarter. Polunin Capital Partners Ltd lifted its holdings in PagSeguro Digital by 0.4% in the 4th quarter. Polunin Capital Partners Ltd now owns 4,450,160 shares of the company's stock worth $44,858,000 after buying an additional 16,700 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in PagSeguro Digital by 0.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,926,789 shares of the company's stock valued at $37,854,000 after buying an additional 12,863 shares during the last quarter. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

PagSeguro Digital Stock Performance

Shares of PAGS stock opened at $9.21 on Monday. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 6.78, a PEG ratio of 0.45 and a beta of 1.32. PagSeguro Digital Ltd. has a one year low of $7.74 and a one year high of $12.32. The company's 50-day simple moving average is $9.06 and its 200-day simple moving average is $9.93.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). PagSeguro Digital had a net margin of 10.40% and a return on equity of 16.44%. The firm had revenue of $642.01 million during the quarter, compared to the consensus estimate of $952.64 million. As a group, research analysts forecast that PagSeguro Digital Ltd. will post 1.69 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on PAGS shares. JPMorgan Chase & Co. lowered their target price on PagSeguro Digital from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Monday, April 13th. Weiss Ratings downgraded PagSeguro Digital from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, June 23rd. Jefferies Financial Group started coverage on PagSeguro Digital in a research note on Thursday. They set a "hold" rating and a $10.40 price objective for the company. Autonomous Res downgraded PagSeguro Digital from a "hold" rating to a "strong sell" rating in a report on Thursday, April 30th. Finally, Wall Street Zen lowered PagSeguro Digital from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $10.98.

PagSeguro Digital Profile

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company's product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.