Los Angeles Capital Management LLC Buys 2,223 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Los Angeles Capital Management LLC lifted its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 2.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,868 shares of the company’s stock after purchasing an additional 2,223 shares during the period. Los Angeles Capital Management LLC’s holdings in PagSeguro Digital were worth $1,555,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Barclays PLC lifted its holdings in PagSeguro Digital by 5.6% during the third quarter. Barclays PLC now owns 73,550 shares of the company’s stock worth $635,000 after acquiring an additional 3,907 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in PagSeguro Digital by 8.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,110,575 shares of the company’s stock worth $9,562,000 after acquiring an additional 87,612 shares in the last quarter. Rhumbline Advisers lifted its holdings in PagSeguro Digital by 5.9% during the third quarter. Rhumbline Advisers now owns 304,238 shares of the company’s stock worth $2,619,000 after acquiring an additional 17,076 shares in the last quarter. Federated Hermes Inc. bought a new position in PagSeguro Digital during the third quarter worth about $860,000. Finally, Natixis Advisors L.P. lifted its holdings in PagSeguro Digital by 22.0% during the third quarter. Natixis Advisors L.P. now owns 100,179 shares of the company’s stock worth $863,000 after acquiring an additional 18,075 shares in the last quarter. 45.88% of the stock is currently owned by institutional investors.

PagSeguro Digital Stock Performance

Shares of NYSE:PAGS opened at $11.14 on Friday. The company has a fifty day moving average of $12.14 and a 200-day moving average of $12.63. The company has a market capitalization of $3.67 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 0.47 and a beta of 1.97. PagSeguro Digital Ltd. has a 52-week low of $6.93 and a 52-week high of $14.98.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Friday, May 24th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $869.86 million during the quarter, compared to the consensus estimate of $679.16 million. PagSeguro Digital had a return on equity of 14.51% and a net margin of 10.70%. On average, equities analysts forecast that PagSeguro Digital Ltd. will post 1.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PAGS has been the topic of a number of research reports. Barclays boosted their price target on PagSeguro Digital from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, April 29th. JPMorgan Chase & Co. boosted their price target on PagSeguro Digital from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Evercore ISI upgraded PagSeguro Digital from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $12.00 to $18.00 in a report on Tuesday, March 26th. New Street Research upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and boosted their price target for the company from $15.00 to $18.00 in a report on Monday, March 18th. Finally, Citigroup boosted their price target on PagSeguro Digital from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, PagSeguro Digital presently has an average rating of “Moderate Buy” and an average target price of $16.10.

About PagSeguro Digital

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.