Edgestream Partners L.P. Acquires 47,569 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Edgestream Partners L.P. lifted its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 136.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,537 shares of the company’s stock after acquiring an additional 47,569 shares during the period. Edgestream Partners L.P.’s holdings in PagSeguro Digital were worth $965,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Nisa Investment Advisors LLC increased its position in PagSeguro Digital by 26.8% during 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. Y.D. More Investments Ltd raised its position in PagSeguro Digital by 82.5% in the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after purchasing an additional 1,800 shares during the period. Headlands Technologies LLC bought a new stake in PagSeguro Digital in the first quarter worth about $30,000. Los Angeles Capital Management LLC lifted its stake in PagSeguro Digital by 1.9% in the second quarter. Los Angeles Capital Management LLC now owns 110,951 shares of the company’s stock worth $1,297,000 after purchasing an additional 2,083 shares during the last quarter. Finally, Csenge Advisory Group grew its stake in shares of PagSeguro Digital by 21.0% during the second quarter. Csenge Advisory Group now owns 12,410 shares of the company’s stock valued at $145,000 after buying an additional 2,152 shares during the last quarter. Institutional investors own 45.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PAGS. Barclays decreased their price target on PagSeguro Digital from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. Morgan Stanley reissued an “underweight” rating and set a $6.50 target price (down from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. UBS Group reduced 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. The Goldman Sachs Group upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. upped their target price on shares of PagSeguro Digital from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, June 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.11.

PagSeguro Digital Price Performance

NYSE:PAGS opened at $9.06 on Friday. PagSeguro Digital Ltd. has a 1-year low of $6.93 and a 1-year high of $14.98. The company has a 50-day moving average of $11.72 and a 200 day moving average of $12.29. The firm has a market cap of $2.99 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 0.46 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $874.38 million during the quarter, compared to analysts’ expectations of $816.34 million. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. During the same quarter in the prior year, the company earned $0.26 EPS. Sell-side analysts anticipate that PagSeguro Digital Ltd. will post 1.19 EPS for the current fiscal year.

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.