PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda trimmed its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 66.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,499,584 shares of the company’s stock after selling 2,931,394 shares during the period. PagSeguro Digital makes up approximately 1.4% of SPX Gestao de Recursos Ltda’s investment portfolio, making the stock its 22nd largest position. SPX Gestao de Recursos Ltda’s holdings in PagSeguro Digital were worth $9,387,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PAGS. Creative Planning acquired a new position in PagSeguro Digital during the third quarter valued at $115,000. Asset Management One Co. Ltd. raised its position in PagSeguro Digital by 547.7% during the third quarter. Asset Management One Co. Ltd. now owns 28,950 shares of the company’s stock valued at $249,000 after buying an additional 24,480 shares during the period. Principal Financial Group Inc. raised its position in PagSeguro Digital by 23.8% during the third quarter. Principal Financial Group Inc. now owns 403,938 shares of the company’s stock valued at $3,478,000 after buying an additional 77,543 shares during the period. GSA Capital Partners LLP raised its position in PagSeguro Digital by 88.6% during the third quarter. GSA Capital Partners LLP now owns 131,408 shares of the company’s stock valued at $1,131,000 after buying an additional 61,736 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in PagSeguro Digital during the third quarter valued at $3,246,000. 45.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Citigroup reissued a “neutral” rating and set a $7.00 price target (down from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. The Goldman Sachs Group lowered their target price on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Susquehanna lowered their target price on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a research note on Monday, November 18th. Bank of America restated a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Finally, KeyCorp upgraded PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.90.

PagSeguro Digital Stock Performance

PAGS opened at $7.26 on Tuesday. The company has a market cap of $2.39 billion, a PE ratio of 6.00, a price-to-earnings-growth ratio of 0.51 and a beta of 2.04. The stock has a 50-day moving average of $7.18 and a 200-day moving average of $7.95. PagSeguro Digital Ltd. has a 52-week low of $6.11 and a 52-week high of $14.82.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Friday, February 21st. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $872.66 million. On average, research analysts predict that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current 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.