Baupost Group LLC MA Acquires New Holdings in PagSeguro Digital Ltd. $PAGS

Baupost Group LLC MA bought a new position in PagSeguro Digital Ltd. (NYSE:PAGS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,500,000 shares of the company’s stock, valued at approximately $24,100,000. PagSeguro Digital makes up about 0.6% of Baupost Group LLC MA’s portfolio, making the stock its 20th largest holding. Baupost Group LLC MA owned 0.76% of PagSeguro Digital as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. PNC Financial Services Group Inc. bought a new stake in PagSeguro Digital in the first quarter worth $26,000. GAMMA Investing LLC lifted its position in shares of PagSeguro Digital by 61.2% in the second quarter. GAMMA Investing LLC now owns 3,510 shares of the company’s stock worth $34,000 after buying an additional 1,333 shares during the last quarter. CWM LLC boosted its stake in shares of PagSeguro Digital by 78.1% during the 2nd quarter. CWM LLC now owns 4,073 shares of the company’s stock worth $39,000 after acquiring an additional 1,786 shares in the last quarter. Virtus Advisers LLC bought a new stake in shares of PagSeguro Digital during the 2nd quarter worth about $51,000. Finally, Aigen Investment Management LP acquired a new position in shares of PagSeguro Digital during the 1st quarter valued at about $82,000. Institutional investors and hedge funds own 45.88% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Bank of America upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $10.00 to $13.00 in a report on Friday, September 19th. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a research note on Wednesday, October 8th. Zacks Research downgraded shares of PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Wall Street Zen downgraded shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 4th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $9.00 price target (down from $12.00) on shares of PagSeguro Digital in a report on Tuesday, October 14th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.71.

PagSeguro Digital Trading Down 5.5%

PAGS opened at $9.80 on Friday. The stock’s 50 day simple moving average is $9.54 and its 200-day simple moving average is $9.17. The stock has a market cap of $3.23 billion, a PE ratio of 7.60, a P/E/G ratio of 0.53 and a beta of 1.45. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $11.16.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $937.15 million for the quarter, compared to the consensus estimate of $971.30 million. PagSeguro Digital had a net margin of 11.00% and a return on equity of 15.39%. Equities analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal 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.