Raymond James & Associates Trims Stake in PagSeguro Digital Ltd. (NYSE:PAGS)

Raymond James & Associates trimmed its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 40.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 63,810 shares of the company’s stock after selling 43,179 shares during the quarter. Raymond James & Associates’ holdings in PagSeguro Digital were worth $796,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PAGS. SG Americas Securities LLC raised its holdings in shares of PagSeguro Digital by 34.3% in the 4th quarter. SG Americas Securities LLC now owns 70,364 shares of the company’s stock valued at $877,000 after purchasing an additional 17,955 shares in the last quarter. Richard P Slaughter Associates Inc raised its stake in PagSeguro Digital by 0.7% in the fourth quarter. Richard P Slaughter Associates Inc now owns 170,498 shares of the company’s stock worth $2,126,000 after buying an additional 1,149 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in PagSeguro Digital in the fourth quarter worth approximately $310,000. Sylebra Capital LLC purchased a new stake in PagSeguro Digital during the third quarter worth $80,028,000. Finally, Neo Ivy Capital Management bought a new stake in PagSeguro Digital during the 3rd quarter valued at $100,000. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Trading Up 0.5 %

NYSE PAGS opened at $11.85 on Wednesday. PagSeguro Digital Ltd. has a 12-month low of $6.93 and a 12-month high of $14.98. The company has a fifty day simple moving average of $13.32 and a two-hundred day simple moving average of $11.49. The stock has a market cap of $3.91 billion, a P/E ratio of 11.50, a P/E/G ratio of 0.61 and a beta of 1.78.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Wednesday, February 28th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. PagSeguro Digital had a return on equity of 13.94% and a net margin of 10.37%. The company had revenue of $877.60 million during the quarter, compared to analyst estimates of $786.91 million. As a group, sell-side analysts forecast that PagSeguro Digital Ltd. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PAGS has been the subject of several recent research reports. Barclays boosted their price target on PagSeguro Digital from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Evercore ISI upgraded shares of PagSeguro Digital from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $12.00 to $18.00 in a report on Tuesday, March 26th. The Goldman Sachs Group upgraded shares of PagSeguro Digital from a “sell” rating to a “neutral” rating and raised their price target for the company from $7.40 to $13.80 in a report on Monday, January 22nd. Citigroup boosted their price objective on shares of PagSeguro Digital from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Finally, Cantor Fitzgerald raised their target price on shares of PagSeguro Digital from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.09.

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.