Wellington Management Group LLP Sells 815,515 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Wellington Management Group LLP cut its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 79.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 205,925 shares of the company’s stock after selling 815,515 shares during the quarter. Wellington Management Group LLP owned approximately 0.06% of PagSeguro Digital worth $2,568,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its position in shares of PagSeguro Digital by 34.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company’s stock worth $64,000 after purchasing an additional 1,330 shares in the last quarter. Canton Hathaway LLC bought a new position in PagSeguro Digital in the fourth quarter worth approximately $69,000. Principal Securities Inc. acquired a new stake in PagSeguro Digital in the fourth quarter valued at approximately $69,000. Neo Ivy Capital Management bought a new stake in shares of PagSeguro Digital during the third quarter valued at approximately $100,000. Finally, Blue Trust Inc. raised its position in shares of PagSeguro Digital by 13.0% during the fourth quarter. Blue Trust Inc. now owns 12,479 shares of the company’s stock worth $156,000 after purchasing an additional 1,438 shares during the period. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Trading Down 0.8 %

Shares of PagSeguro Digital stock opened at $11.69 on Monday. The firm has a market capitalization of $3.85 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 0.49 and a beta of 1.97. The business’s fifty day simple moving average is $12.10 and its 200 day simple moving average is $12.68. PagSeguro Digital Ltd. has a 12 month low of $6.93 and a 12 month high of $14.98.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Friday, May 24th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. PagSeguro Digital had a net margin of 10.70% and a return on equity of 14.51%. The company had revenue of $869.86 million for the quarter, compared to the consensus estimate of $679.16 million. Analysts predict that PagSeguro Digital Ltd. will post 1.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Evercore ISI raised shares of PagSeguro Digital from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $12.00 to $18.00 in a research report on Tuesday, March 26th. The Goldman Sachs Group raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, June 26th. Cantor Fitzgerald raised their price target on shares of PagSeguro Digital from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. JPMorgan Chase & Co. boosted their price objective on PagSeguro Digital from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. Finally, New Street Research upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and raised their target price for the company from $15.00 to $18.00 in a report on Monday, March 18th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, PagSeguro Digital has a consensus rating of “Moderate Buy” and a consensus target price of $16.25.

PagSeguro Digital Company 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.