Formula Growth Ltd. Increases Holdings in PagSeguro Digital Ltd. (NYSE:PAGS)

Formula Growth Ltd. lifted its holdings in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 702,987 shares of the company's stock after acquiring an additional 72,130 shares during the quarter. PagSeguro Digital accounts for about 1.5% of Formula Growth Ltd.'s holdings, making the stock its 18th biggest holding. Formula Growth Ltd. owned approximately 0.21% of PagSeguro Digital worth $4,401,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Signaturefd LLC lifted its position in PagSeguro Digital by 1,306.5% in the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company's stock valued at $29,000 after purchasing an additional 4,233 shares during the last quarter. Advisory Services Network LLC bought a new stake in PagSeguro Digital during the 4th quarter valued at $66,000. Virtu Financial LLC purchased a new stake in PagSeguro Digital during the 3rd quarter valued at $98,000. Raymond James Financial Inc. bought a new stake in PagSeguro Digital in the 4th quarter worth $79,000. Finally, DGS Capital Management LLC purchased a new position in shares of PagSeguro Digital in the third quarter valued at about $113,000. Hedge funds and other institutional investors own 45.88% of the company's stock.

Wall Street Analyst Weigh In

PAGS has been the topic of several recent analyst reports. Citigroup raised PagSeguro Digital from a "neutral" rating to a "buy" rating and raised their target price for the stock from $7.00 to $10.00 in a research note on Tuesday. Barclays cut their price objective on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $11.88.

PagSeguro Digital Stock Performance

Shares of NYSE PAGS traded up $0.26 during mid-day trading on Thursday, hitting $9.50. 2,374,487 shares of the stock traded hands, compared to its average volume of 4,424,776. The stock has a fifty day moving average price of $8.02 and a 200-day moving average price of $7.62. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 0.51 and a beta of 1.85. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.82.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its earnings results on Friday, February 21st. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.05. The firm had revenue of $875.27 million for the quarter, compared to analysts' expectations of $872.66 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. As a group, sell-side analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Company 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.