New York State Common Retirement Fund Has $2.79 Million Holdings in PagSeguro Digital Ltd. (NYSE:PAGS)

New York State Common Retirement Fund cut its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 445,114 shares of the company’s stock after selling 16,964 shares during the period. New York State Common Retirement Fund owned 0.14% of PagSeguro Digital worth $2,786,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC raised its position in shares of PagSeguro Digital by 9.9% in the 3rd quarter. Truvestments Capital LLC now owns 21,410 shares of the company’s stock valued at $184,000 after acquiring an additional 1,923 shares during the period. Point72 Hong Kong Ltd raised its position in shares of PagSeguro Digital by 34.6% in the 3rd quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock valued at $93,000 after acquiring an additional 2,767 shares during the period. Sanctuary Advisors LLC raised its position in shares of PagSeguro Digital by 28.5% in the 4th quarter. Sanctuary Advisors LLC now owns 25,422 shares of the company’s stock valued at $159,000 after acquiring an additional 5,636 shares during the period. Centiva Capital LP raised its position in shares of PagSeguro Digital by 17.1% in the 3rd quarter. Centiva Capital LP now owns 42,042 shares of the company’s stock valued at $362,000 after acquiring an additional 6,138 shares during the period. Finally, Quantbot Technologies LP raised its position in shares of PagSeguro Digital by 2.3% in the 3rd quarter. Quantbot Technologies LP now owns 283,435 shares of the company’s stock valued at $2,440,000 after acquiring an additional 6,365 shares during the period. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Stock Down 4.0 %

Shares of PAGS opened at $7.38 on Friday. The stock has a market capitalization of $2.43 billion, a P/E ratio of 6.10, a P/E/G ratio of 0.51 and a beta of 1.95. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $14.98. The company has a 50 day moving average of $7.09 and a 200-day moving average of $8.21.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Friday, February 21st. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The business had revenue of $875.27 million during the quarter, compared to analysts’ expectations of $872.66 million. On average, sell-side analysts anticipate that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

PAGS has been the topic of a number of analyst reports. KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. The Goldman Sachs Group dropped their target price on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Bank of America restated a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. JPMorgan Chase & Co. dropped their target price on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, Susquehanna dropped their target price on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, six 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 has an average rating of “Moderate Buy” and a consensus target price of $13.18.

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.