HighTower Advisors LLC Takes $348,000 Position in PagSeguro Digital Ltd. (NYSE:PAGS)

HighTower Advisors LLC purchased a new position in PagSeguro Digital Ltd. (NYSE:PAGS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 55,643 shares of the company’s stock, valued at approximately $348,000.

Other hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of PagSeguro Digital in the third quarter worth $5,716,000. JPMorgan Chase & Co. raised its position in PagSeguro Digital by 101.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company’s stock worth $17,091,000 after buying an additional 999,237 shares during the last quarter. Harbour Capital Advisors LLC bought a new position in PagSeguro Digital during the 4th quarter valued at about $482,000. SPX Gestao de Recursos Ltda bought a new position in PagSeguro Digital during the 3rd quarter valued at about $38,151,000. Finally, Geode Capital Management LLC boosted its holdings in shares of PagSeguro Digital by 49.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company’s stock valued at $29,014,000 after acquiring an additional 1,113,103 shares during the last quarter. Institutional investors own 45.88% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PAGS shares. Citigroup reiterated a “neutral” rating and issued a $7.00 price objective (down previously from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. JPMorgan Chase & Co. decreased their price target on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Finally, Bank of America reiterated a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.63.

PagSeguro Digital Stock Up 0.4 %

PagSeguro Digital stock opened at $7.66 on Wednesday. The company has a fifty day simple moving average of $7.68 and a 200-day simple moving average of $7.66. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 0.51 and a beta of 2.04. PagSeguro Digital Ltd. has a 52-week low of $6.11 and a 52-week high of $14.82.

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

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.