Franklin Resources Inc. Sells 28,385 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Franklin Resources Inc. lessened its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 21.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,839 shares of the company’s stock after selling 28,385 shares during the quarter. Franklin Resources Inc.’s holdings in PagSeguro Digital were worth $894,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in PagSeguro Digital during the third quarter worth $5,716,000. Citigroup Inc. lifted its position in shares of PagSeguro Digital by 587.0% in the third quarter. Citigroup Inc. now owns 1,052,166 shares of the company’s stock valued at $9,059,000 after buying an additional 899,010 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of PagSeguro Digital during the 3rd quarter worth approximately $3,246,000. Principal Financial Group Inc. raised its stake in PagSeguro Digital by 23.8% in the 3rd quarter. Principal Financial Group Inc. now owns 403,938 shares of the company’s stock valued at $3,478,000 after acquiring an additional 77,543 shares during the period. Finally, Algert Global LLC bought a new position in shares of PagSeguro Digital in the second quarter valued at about $1,212,000. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Trading Down 1.4 %

Shares of PAGS stock opened at $6.38 on Monday. The stock has a 50-day moving average of $7.56 and a 200-day moving average of $9.82. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 5.27, a PEG ratio of 0.44 and a beta of 1.92. PagSeguro Digital Ltd. has a 1-year low of $6.11 and a 1-year high of $14.98.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PAGS. Bank of America restated a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Itau BBA Securities cut shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a research report on Tuesday, October 1st. Cantor Fitzgerald upgraded PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group lowered their target price on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, KeyCorp raised shares of PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

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.