Arete Wealth Advisors LLC Buys New Shares in PagSeguro Digital Ltd. (NYSE:PAGS)

Posted by Defense World Staff on Jul 25th, 2023

Arete Wealth Advisors LLC purchased a new stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 22,000 shares of the company’s stock, valued at approximately $9,460,000,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Capital World Investors lifted its position in PagSeguro Digital by 15.1% during the first quarter. Capital World Investors now owns 20,291,708 shares of the company’s stock valued at $406,848,000 after buying an additional 2,666,516 shares in the last quarter. Sylebra Capital Ltd lifted its position in PagSeguro Digital by 21.2% during the fourth quarter. Sylebra Capital Ltd now owns 12,851,840 shares of the company’s stock valued at $112,325,000 after buying an additional 2,245,173 shares in the last quarter. Point72 Asset Management L.P. lifted its position in PagSeguro Digital by 44.7% during the fourth quarter. Point72 Asset Management L.P. now owns 8,864,150 shares of the company’s stock valued at $77,473,000 after buying an additional 2,739,474 shares in the last quarter. Norges Bank acquired a new position in PagSeguro Digital during the fourth quarter valued at approximately $70,207,000. Finally, BlackRock Inc. lifted its position in PagSeguro Digital by 48.3% during the third quarter. BlackRock Inc. now owns 4,875,323 shares of the company’s stock valued at $64,501,000 after buying an additional 1,588,266 shares in the last quarter. 50.95% of the stock is owned by institutional investors and hedge funds.

PagSeguro Digital Price Performance

PAGS opened at $10.64 on Tuesday. The stock has a market capitalization of $3.51 billion, a PE ratio of 11.82, a P/E/G ratio of 1.07 and a beta of 1.57. The firm’s fifty day moving average price is $10.32 and its 200 day moving average price is $9.57. PagSeguro Digital Ltd. has a 12-month low of $7.51 and a 12-month high of $19.49.

PagSeguro Digital (NYSE:PAGS – Get Free Report) last released its earnings results on Thursday, May 25th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. PagSeguro Digital had a net margin of 9.73% and a return on equity of 17.06%. The firm had revenue of $721.87 million during the quarter, compared to analyst estimates of $697.46 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. On average, equities research analysts forecast that PagSeguro Digital Ltd. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on PAGS shares. Citigroup lifted their price target on shares of PagSeguro Digital from $12.00 to $13.50 in a research report on Monday, May 29th. Morgan Stanley reduced their target price on shares of PagSeguro Digital from $15.00 to $14.00 in a research report on Tuesday, April 11th. New Street Research cut shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $17.00 to $14.00 in a research report on Thursday, June 22nd. JPMorgan Chase & Co. boosted their target price on shares of PagSeguro Digital from $10.00 to $11.50 in a research report on Friday, June 9th. Finally, Barclays reduced their target price on shares of PagSeguro Digital from $16.00 to $14.00 in a research report on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.54.

PagSeguro Digital Profile

(Free Report)

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.