Principal Financial Group Inc. Purchases 77,543 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Principal Financial Group Inc. raised its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 23.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 403,938 shares of the company’s stock after purchasing an additional 77,543 shares during the period. Principal Financial Group Inc. owned 0.12% of PagSeguro Digital worth $3,478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PAGS. Gulf International Bank UK Ltd bought a new position in shares of PagSeguro Digital during the third quarter valued at approximately $111,000. Asset Management One Co. Ltd. raised its holdings in shares of PagSeguro Digital by 547.7% during the third quarter. Asset Management One Co. Ltd. now owns 28,950 shares of the company’s stock worth $249,000 after purchasing an additional 24,480 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of PagSeguro Digital by 26.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock worth $47,168,000 after purchasing an additional 1,144,590 shares during the last quarter. GW Henssler & Associates Ltd. purchased a new position in shares of PagSeguro Digital during the third quarter worth $87,000. Finally, Bellecapital International Ltd. raised its holdings in shares of PagSeguro Digital by 11.4% during the third quarter. Bellecapital International Ltd. now owns 232,819 shares of the company’s stock worth $2,005,000 after purchasing an additional 23,889 shares during the last quarter. Institutional investors own 45.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PAGS. The Goldman Sachs Group lowered their price target on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. KeyCorp raised shares of PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Susquehanna lowered their price target on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a report on Monday. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, Itau BBA Securities cut shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target for the company. in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.36.

PagSeguro Digital Stock Down 0.3 %

Shares of NYSE:PAGS opened at $7.52 on Friday. PagSeguro Digital Ltd. has a 12 month low of $7.35 and a 12 month high of $14.98. The company’s fifty day simple moving average is $8.40 and its 200 day simple moving average is $10.82. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 6.19, a PEG ratio of 0.39 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly 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. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The company had revenue of $874.38 million during the quarter, compared to analysts’ expectations of $816.34 million. During the same quarter in the previous year, the firm earned $0.26 EPS. Research analysts expect that PagSeguro Digital Ltd. will post 1.19 earnings per share for the current fiscal 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.