31,442 Shares in PagSeguro Digital Ltd. (NYSE:PAGS) Purchased by Quantessence Capital LLC

Quantessence Capital LLC bought a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 31,442 shares of the company's stock, valued at approximately $197,000.

Several other institutional investors and hedge funds also recently modified their holdings of PAGS. SPX Gestao de Recursos Ltda purchased a new position in PagSeguro Digital in the 3rd quarter valued at about $38,151,000. Marshall Wace LLP lifted its stake in shares of PagSeguro Digital by 307.4% during the fourth quarter. Marshall Wace LLP now owns 4,459,616 shares of the company's stock valued at $27,917,000 after buying an additional 3,364,926 shares during the period. Geode Capital Management LLC boosted its position in PagSeguro Digital by 49.1% during the third quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company's stock worth $29,014,000 after acquiring an additional 1,113,103 shares during the last quarter. Contrarius Group Holdings Ltd purchased a new stake in PagSeguro Digital in the 4th quarter worth approximately $6,822,000. Finally, JPMorgan Chase & Co. raised its holdings in PagSeguro Digital by 101.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company's stock valued at $17,091,000 after acquiring an additional 999,237 shares during the last quarter. Hedge funds and other institutional investors own 45.88% of the company's stock.

PagSeguro Digital Stock Performance

Shares of PAGS stock traded up $0.17 during trading hours on Tuesday, reaching $10.07. The company had a trading volume of 870,950 shares, compared to its average volume of 4,659,754. The stock's fifty day simple moving average is $8.12 and its 200 day simple moving average is $7.64. The company has a market capitalization of $3.32 billion, a P/E ratio of 8.30, a price-to-earnings-growth ratio of 0.51 and a beta of 1.85. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $14.82.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.05. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The company had revenue of $875.27 million during the quarter, compared to analysts' expectations 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.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PAGS. Citigroup raised PagSeguro Digital from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $7.00 to $10.00 in a research report on Tuesday, April 22nd. Barclays dropped their price objective on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $11.88.

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.