Vontobel Holding Ltd. Takes Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Vontobel Holding Ltd. bought a new stake in PagSeguro Digital Ltd. (NYSE:PAGS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 27,108 shares of the company’s stock, valued at approximately $170,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. SPX Gestao de Recursos Ltda purchased a new position in PagSeguro Digital during the third quarter worth about $38,151,000. State Street Corp raised its holdings in PagSeguro Digital by 50.8% during the third quarter. State Street Corp now owns 5,908,054 shares of the company’s stock worth $50,868,000 after purchasing an additional 1,990,849 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in PagSeguro Digital by 26.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock worth $47,168,000 after purchasing an additional 1,144,590 shares in the last quarter. Geode Capital Management LLC raised its holdings in PagSeguro Digital by 49.1% during the third quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company’s stock worth $29,014,000 after purchasing an additional 1,113,103 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in PagSeguro Digital by 101.4% during the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company’s stock worth $17,091,000 after purchasing an additional 999,237 shares in the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PAGS. Susquehanna cut their price target on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a report on Monday, November 18th. JPMorgan Chase & Co. cut their price target on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Citigroup restated a “neutral” rating and set a $7.00 target price (down from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. Finally, KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.18.

PagSeguro Digital Price Performance

PAGS stock opened at $8.04 on Friday. The company’s 50 day simple moving average is $6.96 and its 200-day simple moving average is $8.40. The firm has a market capitalization of $2.65 billion, a PE ratio of 6.64, a P/E/G ratio of 0.50 and a beta of 1.95. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $14.98.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.34 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%. As a group, sell-side analysts anticipate that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

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.