Janney Montgomery Scott LLC trimmed its position in PagSeguro Digital Ltd. (NYSE:PAGS – Free Report) by 18.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,244 shares of the company’s stock after selling 17,667 shares during the quarter. Janney Montgomery Scott LLC’s holdings in PagSeguro Digital were worth $748,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. HighTower Advisors LLC lifted its position in shares of PagSeguro Digital by 8.7% in the first quarter. HighTower Advisors LLC now owns 21,809 shares of the company’s stock worth $436,000 after purchasing an additional 1,748 shares in the last quarter. Natixis Advisors L.P. lifted its position in shares of PagSeguro Digital by 90.8% in the first quarter. Natixis Advisors L.P. now owns 83,002 shares of the company’s stock worth $1,664,000 after purchasing an additional 39,497 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of PagSeguro Digital by 18.3% in the first quarter. Dimensional Fund Advisors LP now owns 23,839 shares of the company’s stock worth $478,000 after purchasing an additional 3,695 shares in the last quarter. Sei Investments Co. lifted its position in shares of PagSeguro Digital by 0.7% in the first quarter. Sei Investments Co. now owns 269,645 shares of the company’s stock worth $5,403,000 after purchasing an additional 1,884 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of PagSeguro Digital by 6.9% in the first quarter. Vanguard Group Inc. now owns 146,147 shares of the company’s stock worth $2,930,000 after purchasing an additional 9,497 shares in the last quarter. 55.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have recently issued reports on PAGS shares. The Goldman Sachs Group reduced their price target on shares of PagSeguro Digital from $8.00 to $7.00 and set a “sell” rating for the company in a research report on Tuesday. Barclays reduced their price target on shares of PagSeguro Digital from $14.00 to $12.00 in a research report on Sunday, August 27th. UBS Group raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and raised their price objective for the company from $12.00 to $14.00 in a research report on Thursday, August 3rd. New Street Research raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Friday, September 15th. Finally, JPMorgan Chase & Co. cut their price objective on shares of PagSeguro Digital from $11.50 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, PagSeguro Digital currently has an average rating of “Hold” and an average price target of $12.32.
PagSeguro Digital Stock Down 1.8 %
Shares of PAGS stock opened at $7.26 on Friday. PagSeguro Digital Ltd. has a 12 month low of $7.15 and a 12 month high of $14.97. The business’s 50 day moving average is $8.52 and its two-hundred day moving average is $9.59. The company has a market cap of $2.39 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 0.81 and a beta of 1.60.
PagSeguro Digital (NYSE:PAGS – Get Free Report) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. PagSeguro Digital had a return on equity of 13.49% and a net margin of 9.91%. The company had revenue of $772.83 million for the quarter, compared to the consensus estimate of $689.40 million. As a group, equities analysts expect that PagSeguro Digital Ltd. will post 1 EPS for the current fiscal year.
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.
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