Russell Investments Group Ltd. Decreases Holdings in PagSeguro Digital Ltd. (NYSE:PAGS)

Posted by on May 13th, 2023

Russell Investments Group Ltd. trimmed its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS – Get Rating) by 26.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,155,055 shares of the company’s stock after selling 408,349 shares during the period. Russell Investments Group Ltd. owned 0.35% of PagSeguro Digital worth $10,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its position in PagSeguro Digital by 28.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 5,745 shares of the company’s stock valued at $76,000 after buying an additional 1,256 shares during the last quarter. HighTower Advisors LLC boosted its position in PagSeguro Digital by 8.7% in the 1st quarter. HighTower Advisors LLC now owns 21,809 shares of the company’s stock valued at $436,000 after buying an additional 1,748 shares during the last quarter. Sei Investments Co. boosted its position in PagSeguro Digital by 0.7% in the 1st quarter. Sei Investments Co. now owns 269,645 shares of the company’s stock valued at $5,403,000 after buying an additional 1,884 shares during the last quarter. Boit C F David purchased a new position in PagSeguro Digital in the 3rd quarter valued at about $26,000. Finally, Atlas Capital Advisors LLC purchased a new position in PagSeguro Digital in the 3rd quarter valued at about $28,000. 52.50% of the stock is owned by hedge funds and other institutional investors.

PagSeguro Digital Trading Down 0.3 %

Shares of NYSE:PAGS opened at $12.22 on Friday. The firm’s 50 day moving average is $8.98 and its two-hundred day moving average is $9.67. PagSeguro Digital Ltd. has a 52 week low of $7.51 and a 52 week high of $19.49. The firm has a market capitalization of $4.03 billion, a P/E ratio of 13.89, a PEG ratio of 1.21 and a beta of 1.61.

PagSeguro Digital (NYSE:PAGS – Get Rating) last posted its quarterly earnings data on Thursday, March 2nd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. The business had revenue of $752.91 million during the quarter, compared to analysts’ expectations of $759.47 million. PagSeguro Digital had a net margin of 9.81% and a return on equity of 17.41%. Analysts predict that PagSeguro Digital Ltd. will post 0.95 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Credit Suisse Group cut shares of PagSeguro Digital from an “outperform” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research report on Tuesday, January 17th. JPMorgan Chase & Co. reduced their price target on shares of PagSeguro Digital from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 4th. The Goldman Sachs Group reduced their price target on shares of PagSeguro Digital from $9.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday, January 20th. Citigroup raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, March 28th. Finally, Wells Fargo & Company increased their price target on shares of PagSeguro Digital from $9.50 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.77.

PagSeguro Digital Company Profile

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PagSeguro Digital Ltd. is engaged in the provision of financial technology solutions focused on consumers, individual entrepreneurs, micro-merchants, small companies and medium-sized companies in Brazil. Its business model covers the following pillars: Multiple digital payment solutions; In-person payments via POS devices that sell to merchants; Free digital accounts; Issuer of prepaid cards to clients for spending or withdrawing account balances, and Operating as an acquirer.

See Also

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Institutional Ownership by Quarter for PagSeguro Digital (NYSE:PAGS)

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