PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 69.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,036 shares of the company’s stock after selling 46,761 shares during the quarter. Teacher Retirement System of Texas’ holdings in PagSeguro Digital were worth $132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PAGS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of PagSeguro Digital during the third quarter worth about $5,716,000. JPMorgan Chase & Co. grew its position in shares of PagSeguro Digital by 101.4% in the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company’s stock valued at $17,091,000 after purchasing an additional 999,237 shares during the period. Harbour Capital Advisors LLC acquired a new position in PagSeguro Digital in the fourth quarter valued at $482,000. SPX Gestao de Recursos Ltda purchased a new position in PagSeguro Digital during the third quarter worth about $38,151,000. Finally, Geode Capital Management LLC boosted its stake in PagSeguro Digital by 49.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company’s stock worth $29,014,000 after buying an additional 1,113,103 shares during the last quarter. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

PagSeguro Digital Stock Up 4.2 %

NYSE PAGS opened at $8.00 on Thursday. The business has a 50 day moving average price of $7.70 and a two-hundred day moving average price of $7.66. The stock has a market cap of $2.64 billion, a PE ratio of 6.61, a P/E/G ratio of 0.51 and a beta of 1.85. PagSeguro Digital Ltd. has a fifty-two week low of $6.11 and a fifty-two week high of $14.82.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.34 earnings per share (EPS) 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 firm had revenue of $875.27 million for the quarter, compared to analysts’ expectations of $872.66 million. Sell-side analysts anticipate that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.