GSA Capital Partners LLP Acquires 61,736 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

GSA Capital Partners LLP raised its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 88.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 131,408 shares of the company’s stock after buying an additional 61,736 shares during the quarter. GSA Capital Partners LLP’s holdings in PagSeguro Digital were worth $1,131,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Algert Global LLC purchased a new position in shares of PagSeguro Digital in the 2nd quarter worth approximately $1,212,000. Russell Investments Group Ltd. increased its position in PagSeguro Digital by 95.2% during the 1st quarter. Russell Investments Group Ltd. now owns 1,281,587 shares of the company’s stock valued at $18,316,000 after purchasing an additional 625,023 shares during the period. Vanguard Group Inc. lifted its position in PagSeguro Digital by 6.5% during the first quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company’s stock valued at $21,496,000 after buying an additional 92,026 shares during the period. Skandinaviska Enskilda Banken AB publ grew its stake in shares of PagSeguro Digital by 768.4% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 725,100 shares of the company’s stock worth $8,476,000 after acquiring an additional 641,600 shares during the last quarter. Finally, New Century Financial Group LLC bought a new position in PagSeguro Digital in the 3rd quarter valued at approximately $641,000. Institutional investors and hedge funds own 45.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PAGS. The Goldman Sachs Group reduced their price target on PagSeguro Digital from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Morgan Stanley reissued an “underweight” rating and issued a $6.50 price objective (down previously from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. Itau BBA Securities cut shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price for the company. in a research report on Tuesday, October 1st. Barclays decreased their target price on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. Finally, Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $14.40.

PagSeguro Digital Trading Down 3.3 %

NYSE:PAGS opened at $7.82 on Friday. The firm has a market capitalization of $2.58 billion, a PE ratio of 6.68, a price-to-earnings-growth ratio of 0.44 and a beta of 1.95. PagSeguro Digital Ltd. has a 52 week low of $7.62 and a 52 week high of $14.98. The stock has a 50 day moving average of $8.53 and a 200-day moving average of $10.97.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. The company had revenue of $874.38 million during the quarter, compared to the consensus estimate of $816.34 million. During the same period in the prior year, the company earned $0.26 EPS. As a group, analysts predict that PagSeguro Digital Ltd. will post 1.19 EPS for the current fiscal year.

About PagSeguro Digital

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.