American Beacon Advisors Inc. bought a new stake in PagSeguro Digital Ltd (NYSE:PAGS) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 800 shares of the company’s stock, valued at approximately $37,000. PagSeguro Digital accounts for about 17.5% of American Beacon Advisors Inc.’s holdings, making the stock its 3rd biggest holding.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its holdings in PagSeguro Digital by 22.2% in the 2nd quarter. Janus Henderson Group PLC now owns 8,226,841 shares of the company’s stock valued at $320,599,000 after buying an additional 1,492,806 shares during the period. Sylebra Capital Ltd grew its holdings in shares of PagSeguro Digital by 0.3% during the 2nd quarter. Sylebra Capital Ltd now owns 7,238,166 shares of the company’s stock valued at $282,071,000 after purchasing an additional 23,744 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of PagSeguro Digital by 1.5% during the 2nd quarter. Schroder Investment Management Group now owns 4,090,514 shares of the company’s stock valued at $159,407,000 after purchasing an additional 60,469 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of PagSeguro Digital by 1.0% during the 2nd quarter. Bessemer Group Inc. now owns 2,246,276 shares of the company’s stock valued at $87,539,000 after purchasing an additional 22,328 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of PagSeguro Digital by 6.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,155,986 shares of the company’s stock valued at $84,019,000 after purchasing an additional 125,000 shares during the last quarter. 53.77% of the stock is currently owned by hedge funds and other institutional investors.
PAGS opened at $34.05 on Thursday. PagSeguro Digital Ltd has a fifty-two week low of $17.02 and a fifty-two week high of $53.43. The firm has a market capitalization of $11.18 billion, a price-to-earnings ratio of 38.69, a PEG ratio of 1.22 and a beta of 0.47. The company’s 50 day moving average price is $42.28 and its two-hundred day moving average price is $40.09.
PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Thursday, August 15th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. PagSeguro Digital had a net margin of 23.12% and a return on equity of 18.82%. The firm had revenue of $354.49 million for the quarter, compared to analyst estimates of $332.31 million. As a group, research analysts expect that PagSeguro Digital Ltd will post 1.15 EPS for the current fiscal year.
Several brokerages recently issued reports on PAGS. HSBC raised shares of PagSeguro Digital from a “reduce” rating to a “hold” rating in a report on Tuesday, September 17th. KeyCorp lifted their price target on shares of PagSeguro Digital from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Zacks Investment Research lowered shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Deutsche Bank lifted their price target on shares of PagSeguro Digital from $40.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Finally, Evercore ISI decreased their price target on shares of PagSeguro Digital from $65.00 to $56.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. PagSeguro Digital presently has an average rating of “Buy” and an average target price of $43.70.
PagSeguro Digital Profile
PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end 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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.
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