PagSeguro Digital Ltd. (NYSE:PAGS) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 18.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,070 shares of the company’s stock after acquiring an additional 5,596 shares during the period. Mackenzie Financial Corp’s holdings in PagSeguro Digital were worth $422,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. TimesSquare Capital Management LLC purchased a new position in PagSeguro Digital during the 1st quarter worth $3,665,000. Russell Investments Group Ltd. boosted its stake in shares of PagSeguro Digital by 95.2% during the first quarter. Russell Investments Group Ltd. now owns 1,281,587 shares of the company’s stock worth $18,316,000 after buying an additional 625,023 shares during the period. Vanguard Group Inc. grew its holdings in shares of PagSeguro Digital by 6.5% during the first quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company’s stock worth $21,496,000 after buying an additional 92,026 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in PagSeguro Digital by 768.4% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 725,100 shares of the company’s stock valued at $8,476,000 after acquiring an additional 641,600 shares during the period. Finally, SG Americas Securities LLC lifted its position in PagSeguro Digital by 1,136.0% during the 2nd quarter. SG Americas Securities LLC now owns 208,763 shares of the company’s stock worth $2,440,000 after acquiring an additional 191,873 shares during the period. 45.88% of the stock is owned by institutional investors and hedge funds.

PagSeguro Digital Price Performance

Shares of NYSE:PAGS opened at $8.23 on Friday. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of 0.46 and a beta of 1.94. The business’s 50 day simple moving average is $10.79 and its 200-day simple moving average is $11.94. PagSeguro Digital Ltd. has a 12 month low of $6.93 and a 12 month high of $14.98.

PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates 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 earned $0.26 earnings per share. On average, equities analysts anticipate that PagSeguro Digital Ltd. will post 1.19 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Itau BBA Securities lowered PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a report on Tuesday, October 1st. Barclays dropped 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 note on Thursday, August 22nd. The Goldman Sachs Group upgraded 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 note on Wednesday, June 26th. JPMorgan Chase & Co. boosted their price target 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. Finally, Morgan Stanley restated an “underweight” rating and issued a $6.50 price objective (down previously from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.80.

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.