Russell Investments Group Ltd. Purchases 495,850 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Russell Investments Group Ltd. lifted its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 308.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 656,564 shares of the company's stock after buying an additional 495,850 shares during the period. Russell Investments Group Ltd. owned about 0.20% of PagSeguro Digital worth $8,187,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Waterfront Wealth Inc. increased its position in shares of PagSeguro Digital by 5.5% in the fourth quarter. Waterfront Wealth Inc. now owns 16,230 shares of the company's stock valued at $202,000 after acquiring an additional 852 shares during the last quarter. Richard P Slaughter Associates Inc raised its stake in shares of PagSeguro Digital by 0.7% during the 4th quarter. Richard P Slaughter Associates Inc now owns 170,498 shares of the company's stock worth $2,126,000 after purchasing an additional 1,149 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of PagSeguro Digital by 34.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company's stock valued at $64,000 after buying an additional 1,330 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of PagSeguro Digital by 13.0% in the 4th quarter. Blue Trust Inc. now owns 12,479 shares of the company's stock valued at $156,000 after buying an additional 1,438 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of PagSeguro Digital by 7.7% in the third quarter. Principal Financial Group Inc. now owns 24,274 shares of the company's stock valued at $209,000 after buying an additional 1,745 shares in the last quarter. 45.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on PAGS shares. Barclays upped their price objective on PagSeguro Digital from $17.00 to $18.00 and gave the company an "overweight" rating in a research note on Monday, April 29th. The Goldman Sachs Group raised PagSeguro Digital from a "sell" rating to a "neutral" rating and raised their price target for the company from $7.40 to $13.80 in a report on Monday, January 22nd. Cantor Fitzgerald upped their price objective on shares of PagSeguro Digital from $14.00 to $16.00 and gave the company an "overweight" rating in a report on Monday, March 4th. Citigroup raised their target price on shares of PagSeguro Digital from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. Finally, Evercore ISI raised shares of PagSeguro Digital from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $12.00 to $18.00 in a report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $15.20.

PagSeguro Digital Stock Up 0.6 %

Shares of PAGS stock traded up $0.07 on Wednesday, reaching $12.88. The company had a trading volume of 1,844,092 shares, compared to its average volume of 3,131,953. The stock has a market capitalization of $4.24 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 0.69 and a beta of 1.82. The business's 50-day moving average is $13.15 and its 200 day moving average is $11.83. PagSeguro Digital Ltd. has a one year low of $6.93 and a one year high of $14.98.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. PagSeguro Digital had a net margin of 10.37% and a return on equity of 13.94%. The company had revenue of $877.60 million during the quarter, compared to the consensus estimate of $786.91 million. On average, sell-side analysts forecast that PagSeguro Digital Ltd. will post 1.29 earnings per share 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.