Truvestments Capital LLC Acquires 1,792 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Truvestments Capital LLC grew its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 8.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,202 shares of the company’s stock after purchasing an additional 1,792 shares during the quarter. Truvestments Capital LLC’s holdings in PagSeguro Digital were worth $145,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. boosted its position in PagSeguro Digital by 16.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company’s stock worth $39,770,000 after purchasing an additional 874,777 shares during the period. State Street Corp boosted its position in PagSeguro Digital by 50.8% during the third quarter. State Street Corp now owns 5,908,054 shares of the company’s stock worth $50,868,000 after purchasing an additional 1,990,849 shares during the period. SPX Gestao de Recursos Ltda bought a new position in PagSeguro Digital during the third quarter worth about $38,151,000. 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 purchasing an additional 1,113,103 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of 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 acquiring an additional 999,237 shares during the period. Institutional investors own 45.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Susquehanna cut their price objective on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research report on Monday, November 18th. The Goldman Sachs Group cut their price objective on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Bank of America restated a “neutral” rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. Finally, Citigroup restated a “neutral” rating and issued a $7.00 price objective (down from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.90.

PagSeguro Digital Price Performance

Shares of PagSeguro Digital stock opened at $7.40 on Thursday. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $14.82. The firm has a market cap of $2.44 billion, a PE ratio of 6.11, a PEG ratio of 0.51 and a beta of 2.04. The company has a 50 day simple moving average of $7.23 and a two-hundred day simple moving average of $7.88.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Friday, February 21st. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $875.27 million during the quarter, compared to analyst estimates of $872.66 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. As a group, research analysts anticipate that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current 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.