PagSeguro Digital Ltd. (NYSE:PAGS) Position Trimmed by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd decreased its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 26.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,500 shares of the company’s stock after selling 27,500 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in PagSeguro Digital were worth $906,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PAGS. Norges Bank bought a new position in shares of PagSeguro Digital during the fourth quarter worth about $54,522,000. SPX Gestao de Recursos Ltda grew its position in PagSeguro Digital by 247.4% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 3,759,906 shares of the company’s stock valued at $46,886,000 after buying an additional 2,677,659 shares in the last quarter. Acadian Asset Management LLC grew its position in PagSeguro Digital by 246.4% in the 1st quarter. Acadian Asset Management LLC now owns 1,808,697 shares of the company’s stock valued at $25,811,000 after buying an additional 1,286,490 shares in the last quarter. American Century Companies Inc. grew its position in PagSeguro Digital by 251.4% in the 2nd quarter. American Century Companies Inc. now owns 1,320,420 shares of the company’s stock valued at $15,436,000 after buying an additional 944,660 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in PagSeguro Digital by 9.0% in the 4th quarter. Point72 Asset Management L.P. now owns 10,924,410 shares of the company’s stock valued at $136,227,000 after buying an additional 906,510 shares in the last quarter. Institutional investors own 45.88% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PAGS shares. JPMorgan Chase & Co. increased their target price on shares of PagSeguro Digital from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, June 17th. Barclays cut their price target on shares of PagSeguro Digital from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, August 22nd. Morgan Stanley reissued an “underweight” rating and issued a $6.50 price target (down from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. The Goldman Sachs Group raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, June 26th. Finally, UBS Group reduced their price objective on shares of PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.11.

PagSeguro Digital Price Performance

NYSE PAGS opened at $9.07 on Tuesday. The company has a 50 day simple moving average of $11.63 and a 200-day simple moving average of $12.25. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 0.46 and a beta of 1.95. PagSeguro Digital Ltd. has a 52-week low of $6.93 and a 52-week high of $14.98.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. The firm had revenue of $874.38 million for the quarter, compared to the consensus estimate of $816.34 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. On average, analysts predict that PagSeguro Digital Ltd. will post 1.19 EPS for the current year.

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.