Handelsbanken Fonder AB trimmed its position in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 46.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 299,460 shares of the company's stock after selling 256,124 shares during the period. Handelsbanken Fonder AB owned 0.09% of PagSeguro Digital worth $3,734,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the company. Waterfront Wealth Inc. raised its position in PagSeguro Digital by 5.5% during the 4th quarter. Waterfront Wealth Inc. now owns 16,230 shares of the company's stock worth $202,000 after purchasing an additional 852 shares during the last quarter. Canton Hathaway LLC bought a new position in PagSeguro Digital during the 4th quarter worth $69,000. Mackenzie Financial Corp raised its position in PagSeguro Digital by 116.7% during the 4th quarter. Mackenzie Financial Corp now owns 31,579 shares of the company's stock worth $394,000 after purchasing an additional 17,009 shares during the last quarter. Polunin Capital Partners Ltd raised its position in PagSeguro Digital by 19.3% during the 4th quarter. Polunin Capital Partners Ltd now owns 3,640,969 shares of the company's stock worth $45,403,000 after purchasing an additional 589,600 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in PagSeguro Digital by 34.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company's stock worth $64,000 after purchasing an additional 1,330 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors.
PagSeguro Digital Trading Up 7.2 %
PagSeguro Digital stock traded up $0.86 during midday trading on Friday, reaching $12.68. The stock had a trading volume of 3,242,815 shares, compared to its average volume of 3,208,852. PagSeguro Digital Ltd. has a 12 month low of $6.93 and a 12 month high of $14.98. The company has a market capitalization of $4.18 billion, a P/E ratio of 12.31, a PEG ratio of 0.63 and a beta of 1.78. The company has a fifty day moving average price of $13.24 and a two-hundred day moving average price of $11.51.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.04. PagSeguro Digital had a return on equity of 13.94% and a net margin of 10.37%. The business had revenue of $877.60 million during the quarter, compared to analyst estimates of $786.91 million. On average, equities research analysts predict that PagSeguro Digital Ltd. will post 1.29 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on PAGS shares. The Goldman Sachs Group raised PagSeguro Digital from a "sell" rating to a "neutral" rating and raised their target price for the stock from $7.40 to $13.80 in a research report on Monday, January 22nd. Evercore ISI upgraded PagSeguro Digital from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $12.00 to $18.00 in a report on Tuesday, March 26th. New Street Research upgraded PagSeguro Digital from a "neutral" rating to a "buy" rating and increased their price target for the stock from $15.00 to $18.00 in a report on Monday, March 18th. Barclays increased their price target on PagSeguro Digital from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Monday, March 4th. Finally, Cantor Fitzgerald increased their price target on PagSeguro Digital from $14.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, March 4th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, PagSeguro Digital has a consensus rating of "Moderate Buy" and a consensus price target of $15.09.
Read Our Latest Research Report on PagSeguro Digital
PagSeguro Digital Profile
(
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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