PagSeguro Digital Ltd. (NYSE:PAGS) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 16.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,353,087 shares of the company’s stock after buying an additional 874,777 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in PagSeguro Digital were worth $39,770,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PAGS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of PagSeguro Digital in the third quarter valued at about $5,716,000. JPMorgan Chase & Co. lifted its position in PagSeguro Digital by 101.4% in the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company’s stock valued at $17,091,000 after purchasing an additional 999,237 shares during the period. Citigroup Inc. increased its position in PagSeguro Digital by 587.0% during the 3rd quarter. Citigroup Inc. now owns 1,052,166 shares of the company’s stock worth $9,059,000 after purchasing an additional 899,010 shares during the period. SPX Gestao de Recursos Ltda acquired a new position in PagSeguro Digital during the 3rd quarter worth approximately $38,151,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of PagSeguro Digital during the 3rd quarter worth approximately $3,246,000. Institutional investors and hedge funds own 45.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PAGS. KeyCorp raised PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. Barclays cut their price target on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. The Goldman Sachs Group decreased their price objective on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Citigroup reaffirmed a “neutral” rating and issued a $7.00 target price (down from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. Finally, Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, PagSeguro Digital currently has a consensus rating of “Moderate Buy” and an average price target of $13.18.

PagSeguro Digital Stock Up 8.0 %

Shares of NYSE:PAGS opened at $7.63 on Friday. The company has a market capitalization of $2.51 billion, a P/E ratio of 6.30, a P/E/G ratio of 0.41 and a beta of 1.94. PagSeguro Digital Ltd. has a 52-week low of $6.11 and a 52-week high of $14.98. The stock’s fifty day simple moving average is $6.85 and its 200-day simple moving average is $8.97.

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.