Asset Management One Co. Ltd. Sells 16,404 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Asset Management One Co. Ltd. decreased its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 56.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,546 shares of the company’s stock after selling 16,404 shares during the period. Asset Management One Co. Ltd.’s holdings in PagSeguro Digital were worth $80,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PAGS. Creative Planning bought a new stake in shares of PagSeguro Digital during the 3rd quarter valued at about $115,000. GW Henssler & Associates Ltd. bought a new stake in shares of PagSeguro Digital during the 3rd quarter valued at about $87,000. Robeco Institutional Asset Management B.V. boosted its holdings in PagSeguro Digital by 26.4% in 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 acquiring an additional 1,144,590 shares in the last quarter. Gulf International Bank UK Ltd bought a new position in PagSeguro Digital in the third quarter worth approximately $111,000. Finally, Principal Financial Group Inc. boosted its holdings in PagSeguro Digital by 23.8% in the third quarter. Principal Financial Group Inc. now owns 403,938 shares of the company’s stock worth $3,478,000 after acquiring an additional 77,543 shares in the last quarter. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Stock Down 1.5 %

PAGS stock opened at $8.04 on Friday. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $14.98. The stock’s 50 day moving average is $6.96 and its 200-day moving average is $8.40. The firm has a market capitalization of $2.65 billion, a PE ratio of 6.64, a P/E/G ratio of 0.50 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Wednesday, February 26th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. On average, equities research analysts anticipate that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. KeyCorp upgraded PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. JPMorgan Chase & Co. cut their price target on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Susquehanna cut their price target on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a report on Monday, November 18th. Citigroup reiterated a “neutral” rating and issued a $7.00 price target (down previously from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. Finally, Bank of America reiterated a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.18.

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.