First Hawaiian Bank Invests $154,000 in PagSeguro Digital Ltd. (NYSE:PAGS)

First Hawaiian Bank bought a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 13,178 shares of the company’s stock, valued at approximately $154,000.

Several other hedge funds have also modified their holdings of the company. Headlands Technologies LLC purchased a new position in PagSeguro Digital in the 1st quarter valued at about $30,000. Covestor Ltd lifted its stake in PagSeguro Digital by 11,990.2% in the 1st quarter. Covestor Ltd now owns 4,957 shares of the company’s stock worth $71,000 after purchasing an additional 4,916 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in PagSeguro Digital by 34.9% in 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 in the last quarter. Principal Securities Inc. purchased a new position in PagSeguro Digital in the 4th quarter worth approximately $69,000. Finally, Canton Hathaway LLC purchased a new position in PagSeguro Digital in the 4th quarter worth approximately $69,000. 45.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PAGS shares. UBS Group decreased their target price on shares of PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating on the stock in a research note on Monday, July 8th. The Goldman Sachs Group raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, June 26th. JPMorgan Chase & Co. lifted their price target on shares of PagSeguro Digital from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, June 17th. Finally, Barclays lifted their price target on shares of PagSeguro Digital from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.44.

PagSeguro Digital Stock Down 0.4 %

Shares of NYSE PAGS opened at $11.70 on Wednesday. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 0.52 and a beta of 1.92. PagSeguro Digital Ltd. has a 52-week low of $6.93 and a 52-week high of $14.98. The business’s 50 day moving average is $12.21 and its two-hundred day moving average is $12.77.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Friday, May 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $869.86 million for the quarter, compared to analyst estimates of $679.16 million. PagSeguro Digital had a return on equity of 14.51% and a net margin of 10.70%. Analysts anticipate that PagSeguro Digital Ltd. will post 1.44 EPS 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.