Gladstone Capital Management LLP purchased a new stake in PagSeguro Digital Ltd (NYSE:PAGS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 146,701 shares of the company’s stock, valued at approximately $5,717,000. PagSeguro Digital makes up about 1.6% of Gladstone Capital Management LLP’s portfolio, making the stock its 9th biggest position.
Other large investors have also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its position in shares of PagSeguro Digital by 0.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 73,492 shares of the company’s stock valued at $2,863,000 after acquiring an additional 616 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of PagSeguro Digital in the 1st quarter valued at approximately $90,000. Apertura Capital LLC purchased a new stake in shares of PagSeguro Digital in the 1st quarter valued at approximately $2,164,000. Claro Advisors LLC purchased a new stake in shares of PagSeguro Digital in the 2nd quarter valued at approximately $245,000. Finally, Yorktown Management & Research Co Inc purchased a new stake in shares of PagSeguro Digital in the 1st quarter valued at approximately $293,000.
A number of equities research analysts have issued reports on the stock. Guggenheim increased their target price on shares of PagSeguro Digital from $36.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Zacks Investment Research downgraded shares of PagSeguro Digital from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Goldman Sachs Group assumed coverage on shares of PagSeguro Digital in a research report on Monday, June 10th. They issued a “buy” rating and a $40.00 target price for the company. ValuEngine downgraded shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Credit Suisse Group upgraded shares of PagSeguro Digital from an “underperform” rating to a “neutral” rating in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $39.89.
PAGS stock opened at $46.80 on Wednesday. PagSeguro Digital Ltd has a 12-month low of $17.02 and a 12-month high of $48.88. The stock has a market cap of $15.03 billion, a P/E ratio of 53.18, a price-to-earnings-growth ratio of 1.48 and a beta of 0.69. The business has a 50 day moving average of $43.65.
PagSeguro Digital (NYSE:PAGS) last released its earnings results on Tuesday, May 14th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.76. PagSeguro Digital had a net margin of 23.00% and a return on equity of 18.15%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. The company’s revenue was up 34.8% on a year-over-year basis. On average, research analysts predict that PagSeguro Digital Ltd will post 1.17 earnings per share for the current fiscal year.
About PagSeguro Digital
PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end 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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.
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