Rhumbline Advisers Grows Stock Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Rhumbline Advisers increased its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 22.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 399,567 shares of the company’s stock after buying an additional 72,613 shares during the quarter. Rhumbline Advisers owned about 0.12% of PagSeguro Digital worth $4,671,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in shares of PagSeguro Digital in the first quarter worth $30,000. Family Firm Inc. purchased a new stake in shares of PagSeguro Digital in the second quarter valued at about $50,000. Principal Securities Inc. purchased a new stake in shares of PagSeguro Digital in the fourth quarter valued at about $69,000. Covestor Ltd lifted its stake in shares of PagSeguro Digital by 11,990.2% in the 1st quarter. Covestor Ltd now owns 4,957 shares of the company’s stock worth $71,000 after acquiring an additional 4,916 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in PagSeguro Digital by 26.8% in the second quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock valued at $79,000 after purchasing an additional 1,421 shares during the period. Hedge funds and other institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Price Performance

Shares of PAGS stock opened at $9.12 on Monday. The firm has a market cap of $3.01 billion, a P/E ratio of 8.22, a PEG ratio of 0.47 and a beta of 1.95. PagSeguro Digital Ltd. has a fifty-two week low of $6.93 and a fifty-two week high of $14.98. The stock’s 50-day moving average is $12.09 and its two-hundred day moving average is $12.44.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $874.38 million for the quarter, compared to the consensus estimate of $816.34 million. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. During the same period in the previous year, the business posted $0.26 EPS. As a group, research analysts expect that PagSeguro Digital Ltd. will post 1.19 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. UBS Group lowered their price target on shares of PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating on the stock in a research note on Monday, July 8th. Barclays cut their price target on PagSeguro Digital from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, August 22nd. Morgan Stanley reiterated an “underweight” rating and issued a $6.50 price target (down previously from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. JPMorgan Chase & Co. increased their target price on shares of PagSeguro Digital from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Finally, The Goldman Sachs Group raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, PagSeguro Digital presently has an average rating of “Moderate Buy” and a consensus target price of $15.11.

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.