430,662 Shares in PagSeguro Digital Ltd. (NYSE:PAGS) Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. acquired a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 430,662 shares of the company’s stock, valued at approximately $5,034,000. Victory Capital Management Inc. owned approximately 0.13% of PagSeguro Digital at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PAGS. Headlands Technologies LLC acquired a new stake in shares of PagSeguro Digital in the first quarter valued at approximately $30,000. Family Firm Inc. bought a new position in PagSeguro Digital in the second quarter valued at approximately $50,000. Covestor Ltd boosted its stake in PagSeguro Digital by 11,990.2% in the first quarter. Covestor Ltd now owns 4,957 shares of the company’s stock valued at $71,000 after acquiring an additional 4,916 shares during the last quarter. Principal Securities Inc. bought a new position in PagSeguro Digital in the fourth quarter valued at approximately $69,000. Finally, Nisa Investment Advisors LLC boosted its stake 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 acquiring an additional 1,421 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PAGS shares. JPMorgan Chase & Co. raised their price objective on shares of PagSeguro Digital from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. Barclays cut their price objective on shares of PagSeguro Digital from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, August 22nd. UBS Group cut their price objective on shares of PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating on the stock in a research report on Monday, July 8th. Morgan Stanley reaffirmed an “underweight” rating and issued a $6.50 price objective (down from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. 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 on the stock 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 issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.11.

PagSeguro Digital Stock Down 1.2 %

Shares of NYSE PAGS opened at $9.02 on Tuesday. The firm has a market cap of $2.97 billion, a PE ratio of 8.12, a P/E/G ratio of 0.47 and a beta of 1.95. PagSeguro Digital Ltd. has a 12-month low of $6.93 and a 12-month high of $14.98. The company’s fifty day simple moving average is $12.09 and its 200 day simple moving average is $12.43.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $874.38 million for the quarter, compared to analyst estimates of $816.34 million. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. During the same period last year, the firm earned $0.26 earnings per share. On average, equities analysts predict that PagSeguro Digital Ltd. will post 1.19 earnings per share for the current year.

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.