Nisa Investment Advisors LLC Increases Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Nisa Investment Advisors LLC lifted its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 34.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,140 shares of the company’s stock after purchasing an additional 1,330 shares during the quarter. Nisa Investment Advisors LLC’s holdings in PagSeguro Digital were worth $64,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Rockefeller Capital Management L.P. boosted its position in shares of PagSeguro Digital by 1.5% during the first quarter. Rockefeller Capital Management L.P. now owns 67,557 shares of the company’s stock worth $578,000 after acquiring an additional 1,000 shares during the last quarter. Richard P Slaughter Associates Inc boosted its position in shares of PagSeguro Digital by 0.7% during the fourth quarter. Richard P Slaughter Associates Inc now owns 170,498 shares of the company’s stock worth $2,126,000 after acquiring an additional 1,149 shares during the last quarter. Blue Trust Inc. boosted its position in shares of PagSeguro Digital by 13.0% during the fourth quarter. Blue Trust Inc. now owns 12,479 shares of the company’s stock worth $156,000 after acquiring an additional 1,438 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of PagSeguro Digital by 9.4% during the third quarter. Exchange Traded Concepts LLC now owns 17,716 shares of the company’s stock worth $153,000 after acquiring an additional 1,518 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of PagSeguro Digital by 2.3% during the second quarter. Stifel Financial Corp now owns 71,909 shares of the company’s stock worth $679,000 after acquiring an additional 1,643 shares during the last quarter. Institutional investors own 45.88% of the company’s stock.

Analysts Set New Price Targets

PAGS has been the subject of a number of research reports. Barclays upped their target price on shares of PagSeguro Digital from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. The Goldman Sachs Group upgraded shares of PagSeguro Digital from a “sell” rating to a “neutral” rating and increased their price objective for the company from $7.40 to $13.80 in a research report on Monday, January 22nd. Cantor Fitzgerald increased their price objective on shares of PagSeguro Digital from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. New Street Research upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and increased their price objective for the company from $15.00 to $18.00 in a research report on Monday, March 18th. Finally, Evercore ISI upgraded shares of PagSeguro Digital from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $12.00 to $18.00 in a research report on Tuesday, March 26th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, PagSeguro Digital presently has a consensus rating of “Moderate Buy” and an average target price of $15.09.

PagSeguro Digital Trading Down 0.6 %

Shares of PAGS opened at $11.48 on Monday. PagSeguro Digital Ltd. has a twelve month low of $6.93 and a twelve month high of $14.98. The company has a market cap of $3.78 billion, a P/E ratio of 11.15, a P/E/G ratio of 0.61 and a beta of 1.78. The company’s fifty day simple moving average is $13.35 and its 200-day simple moving average is $11.46.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Wednesday, February 28th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. PagSeguro Digital had a net margin of 10.37% and a return on equity of 13.94%. The business had revenue of $877.60 million for the quarter, compared to the consensus estimate of $786.91 million. Analysts predict that PagSeguro Digital Ltd. will post 1.29 earnings per share 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.