PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 18.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 835,400 shares of the company’s stock after selling 190,220 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.25% of PagSeguro Digital worth $5,230,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PAGS. Point72 Hong Kong Ltd lifted its position in shares of PagSeguro Digital by 34.6% during the 3rd quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock worth $93,000 after buying an additional 2,767 shares during the last quarter. Virtu Financial LLC purchased a new stake in PagSeguro Digital in the third quarter valued at $98,000. DGS Capital Management LLC acquired a new position in PagSeguro Digital in the third quarter valued at $113,000. Sanctuary Advisors LLC acquired a new position in PagSeguro Digital in the third quarter valued at $157,000. Finally, Truvestments Capital LLC grew its holdings in shares of PagSeguro Digital by 9.9% during the third quarter. Truvestments Capital LLC now owns 21,410 shares of the company’s stock worth $184,000 after purchasing an additional 1,923 shares during the last quarter. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

PagSeguro Digital Price Performance

NYSE:PAGS opened at $8.27 on Wednesday. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 6.83, a price-to-earnings-growth ratio of 0.51 and a beta of 2.04. The firm’s fifty day moving average price is $7.56 and its 200 day moving average price is $7.70. PagSeguro Digital Ltd. has a 1-year low of $6.11 and a 1-year high of $14.82.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Friday, February 21st. The company reported $0.34 EPS for the quarter, topping 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 company had revenue of $875.27 million during the quarter, compared to analysts’ expectations of $872.66 million. As a group, analysts expect that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PAGS has been the subject of a number of research analyst reports. Citigroup reissued a “neutral” rating and issued a $7.00 target price (down from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. Bank of America restated a “neutral” rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.

PagSeguro Digital 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.