Strs Ohio Lowers Stock Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Strs Ohio lessened its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 59.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 35,000 shares of the company’s stock after selling 52,300 shares during the period. Strs Ohio’s holdings in PagSeguro Digital were worth $436,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Exchange Traded Concepts LLC raised its stake in shares of PagSeguro Digital by 9.4% during the 3rd 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 in the last quarter. Handelsbanken Fonder AB raised its stake in shares of PagSeguro Digital by 97.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 555,584 shares of the company’s stock worth $4,784,000 after acquiring an additional 274,703 shares in the last quarter. Bfsg LLC bought a new position in shares of PagSeguro Digital during the 3rd quarter worth approximately $1,010,000. Robeco Institutional Asset Management B.V. raised its stake in shares of PagSeguro Digital by 4.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,853,584 shares of the company’s stock worth $15,959,000 after acquiring an additional 85,584 shares in the last quarter. Finally, Xponance Inc. increased its stake in PagSeguro Digital by 15.3% during the 3rd quarter. Xponance Inc. now owns 13,345 shares of the company’s stock valued at $115,000 after purchasing an additional 1,768 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Stock Up 7.3 %

PAGS opened at $12.68 on Monday. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 0.68 and a beta of 1.78. PagSeguro Digital Ltd. has a 52-week low of $6.93 and a 52-week high of $14.98. The firm’s fifty day simple moving average is $13.23 and its two-hundred day simple moving average is $11.56.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. The business had revenue of $877.60 million for the quarter, compared to the consensus estimate of $786.91 million. PagSeguro Digital had a net margin of 10.37% and a return on equity of 13.94%. On average, research analysts forecast that PagSeguro Digital Ltd. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

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

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.