Voya Investment Management LLC Sells 88,566 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Voya Investment Management LLC decreased its holdings in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 21.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 324,466 shares of the company's stock after selling 88,566 shares during the quarter. Voya Investment Management LLC owned approximately 0.10% of PagSeguro Digital worth $2,031,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PAGS. Barclays PLC lifted its position in PagSeguro Digital by 240.0% during the 3rd quarter. Barclays PLC now owns 270,215 shares of the company's stock worth $2,327,000 after buying an additional 190,740 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of PagSeguro Digital during the third quarter worth approximately $98,000. Tidal Investments LLC bought a new stake in shares of PagSeguro Digital during the third quarter valued at approximately $339,000. Principal Financial Group Inc. raised its position in PagSeguro Digital by 23.8% in the 3rd quarter. Principal Financial Group Inc. now owns 403,938 shares of the company's stock worth $3,478,000 after purchasing an additional 77,543 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in PagSeguro Digital by 101.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company's stock worth $17,091,000 after buying an additional 999,237 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company's stock.

Analysts Set New Price Targets

PAGS has been the subject of a number of recent research reports. Barclays dropped their target price on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Citigroup raised PagSeguro Digital from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $7.00 to $10.00 in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $11.88.

PagSeguro Digital Stock Up 1.5 %

Shares of PAGS traded up $0.14 during trading hours on Tuesday, reaching $9.71. The stock had a trading volume of 3,019,180 shares, compared to its average volume of 4,714,843. The company has a market cap of $3.20 billion, a P/E ratio of 8.02, a P/E/G ratio of 0.51 and a beta of 1.70. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.82. The firm has a 50-day moving average of $8.34 and a 200 day moving average of $7.71.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The company had revenue of $875.27 million for the quarter, compared to analyst estimates of $872.66 million. As a group, equities analysts expect that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current 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.