Bridgeway Capital Management LLC Has $1.55 Million Stock Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Bridgeway Capital Management LLC trimmed its holdings in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 40.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 246,900 shares of the company's stock after selling 165,100 shares during the quarter. Bridgeway Capital Management LLC owned 0.07% of PagSeguro Digital worth $1,546,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PAGS. Barclays PLC boosted its position in shares of PagSeguro Digital by 240.0% in the third quarter. Barclays PLC now owns 270,215 shares of the company's stock valued at $2,327,000 after acquiring an additional 190,740 shares during the period. Tidal Investments LLC bought a new stake in shares of PagSeguro Digital in the third quarter valued at approximately $339,000. Harbour Capital Advisors LLC bought a new position in PagSeguro Digital during the fourth quarter valued at about $482,000. Exchange Traded Concepts LLC increased its stake in PagSeguro Digital by 112.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 81,371 shares of the company's stock valued at $509,000 after acquiring an additional 42,990 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in PagSeguro Digital by 16.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company's stock valued at $39,770,000 after acquiring an additional 874,777 shares in the last quarter. 45.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PAGS has been the topic of several recent research reports. Citigroup raised PagSeguro Digital from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $7.00 to $10.00 in a report on Tuesday, April 22nd. Susquehanna lowered their price target on shares of PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating on the stock in a report on Wednesday. Finally, Barclays reduced their price objective on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $11.63.

PagSeguro Digital Stock Down 1.4%

PagSeguro Digital stock traded down $0.14 during mid-day trading on Wednesday, hitting $9.73. 10,577,758 shares of the company were exchanged, compared to its average volume of 4,817,749. The company has a market capitalization of $3.21 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 0.51 and a beta of 1.70. PagSeguro Digital Ltd. has a 1-year low of $6.11 and a 1-year high of $14.82. The business has a fifty day moving average of $8.63 and a 200 day moving average of $7.77.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. Research analysts expect that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital 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.