Turim 21 Investimentos Ltda. bought a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS – Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 149,618 shares of the company’s stock, valued at approximately $1,499,000. PagSeguro Digital comprises 0.5% of Turim 21 Investimentos Ltda.’s holdings, making the stock its 18th biggest position.
Several other hedge funds also recently added to or reduced their stakes in PAGS. Caitong International Asset Management Co. Ltd raised its stake in PagSeguro Digital by 77.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock valued at $40,000 after buying an additional 1,821 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of PagSeguro Digital by 37.0% during the fourth quarter. GAMMA Investing LLC now owns 4,626 shares of the company’s stock worth $45,000 after acquiring an additional 1,249 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of PagSeguro Digital during the fourth quarter worth about $45,000. Meeder Asset Management Inc. acquired a new position in shares of PagSeguro Digital during the fourth quarter valued at about $53,000. Finally, Osaic Holdings Inc. increased its holdings in shares of PagSeguro Digital by 93.4% during the second quarter. Osaic Holdings Inc. now owns 7,891 shares of the company’s stock valued at $76,000 after acquiring an additional 3,810 shares in the last quarter. 45.88% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the stock. Autonomous Res cut shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Wall Street Zen lowered shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. cut their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. UBS Group decreased their price target on shares of PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating for the company in a report on Friday, July 17th. Finally, Weiss Ratings downgraded shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.98.
PagSeguro Digital Trading Up 0.2%
Shares of PAGS stock opened at $9.21 on Monday. PagSeguro Digital Ltd. has a twelve month low of $7.74 and a twelve month high of $12.32. The stock has a market cap of $2.58 billion, a P/E ratio of 6.78, a P/E/G ratio of 0.45 and a beta of 1.32. The stock has a 50 day moving average of $9.06 and a 200 day moving average of $9.93.
PagSeguro Digital (NYSE:PAGS – Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). The company had revenue of $642.01 million during the quarter, compared to analysts’ expectations of $952.64 million. PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%. On average, research analysts predict that PagSeguro Digital Ltd. will post 1.69 earnings per share for the current fiscal year.
About PagSeguro Digital
PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.
The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.
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