Sumitomo Mitsui Trust Holdings Inc. Has $3.90 Million Stock Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 7.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 312,477 shares of the company’s stock after selling 26,309 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in PagSeguro Digital were worth $3,897,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PAGS. Nisa Investment Advisors LLC raised its holdings in PagSeguro Digital by 34.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company’s stock worth $64,000 after buying an additional 1,330 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of PagSeguro Digital by 48.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,809 shares of the company’s stock valued at $67,000 after purchasing an additional 2,560 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of PagSeguro Digital in the third quarter valued at approximately $100,000. Xponance Inc. raised its holdings in shares of PagSeguro Digital by 15.3% in the third quarter. Xponance Inc. now owns 13,345 shares of the company’s stock valued at $115,000 after purchasing an additional 1,768 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of PagSeguro Digital by 16.4% in the third quarter. Mackenzie Financial Corp now owns 14,570 shares of the company’s stock valued at $118,000 after purchasing an additional 2,057 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Trading Up 0.5 %

NYSE:PAGS opened at $11.85 on Wednesday. PagSeguro Digital Ltd. has a 1-year low of $6.93 and a 1-year high of $14.98. The firm has a fifty day simple moving average of $13.32 and a 200 day simple moving average of $11.49. The stock has a market capitalization of $3.91 billion, a PE ratio of 11.50, a P/E/G ratio of 0.61 and a beta of 1.78.

PagSeguro Digital (NYSE:PAGS) last released 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 during the quarter, compared to analysts’ expectations of $786.91 million. On average, equities analysts predict that PagSeguro Digital Ltd. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.