Aurora Investment Counsel Decreases Stake in PagSeguro Digital Ltd. (NYSE:PAGS)

Aurora Investment Counsel lessened its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 148,029 shares of the company’s stock after selling 2,087 shares during the period. Aurora Investment Counsel’s holdings in PagSeguro Digital were worth $1,730,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Headlands Technologies LLC purchased a new stake in PagSeguro Digital during the first quarter worth about $30,000. Y.D. More Investments Ltd increased its stake in shares of PagSeguro Digital by 82.5% during 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 last quarter. Family Firm Inc. bought a new stake in shares of PagSeguro Digital in the 2nd quarter worth approximately $50,000. Covestor Ltd lifted 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 purchasing an additional 4,916 shares during the last quarter. Finally, Quarry LP grew its holdings in PagSeguro Digital by 156.2% during the second quarter. Quarry LP now owns 6,242 shares of the company’s stock valued at $73,000 after purchasing an additional 3,806 shares during the period. 45.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

PagSeguro Digital Price Performance

Shares of NYSE:PAGS opened at $8.61 on Tuesday. The firm has a fifty day moving average price of $11.20 and a two-hundred day moving average price of $12.09. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 0.47 and a beta of 1.95. PagSeguro Digital Ltd. has a one year low of $6.93 and a one year high of $14.98.

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

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.