PagSeguro Digital Ltd. (NYSE:PAGS) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp grew its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 116.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,579 shares of the company’s stock after purchasing an additional 17,009 shares during the period. Mackenzie Financial Corp’s holdings in PagSeguro Digital were worth $394,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of PagSeguro Digital by 1,238.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 999,700 shares of the company’s stock worth $8,607,000 after acquiring an additional 925,000 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of PagSeguro Digital by 8.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,110,575 shares of the company’s stock worth $9,562,000 after acquiring an additional 87,612 shares during the last quarter. Barclays PLC boosted its position in shares of PagSeguro Digital by 5.6% in the third quarter. Barclays PLC now owns 73,550 shares of the company’s stock worth $635,000 after acquiring an additional 3,907 shares during the last quarter. Sylebra Capital LLC acquired a new stake in shares of PagSeguro Digital in the third quarter worth approximately $80,028,000. Finally, Prudential PLC boosted its position in shares of PagSeguro Digital by 37.0% in the third quarter. Prudential PLC now owns 57,405 shares of the company’s stock worth $494,000 after acquiring an additional 15,501 shares during the last quarter. 45.88% of the stock is owned by institutional investors and hedge funds.

PagSeguro Digital Stock Up 7.3 %

PAGS opened at $12.68 on Friday. The firm has a market capitalization of $4.18 billion, a P/E ratio of 12.31, a P/E/G ratio of 0.63 and a beta of 1.78. The firm’s 50 day moving average is $13.23 and its 200-day moving average is $11.54. PagSeguro Digital Ltd. has a 52-week low of $6.93 and a 52-week high of $14.98.

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 analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $877.60 million for the quarter, compared to analyst estimates of $786.91 million. PagSeguro Digital had a net margin of 10.37% and a return on equity of 13.94%. Equities analysts expect that PagSeguro Digital Ltd. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on PAGS. Evercore ISI raised shares of PagSeguro Digital from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $12.00 to $18.00 in a research report on Tuesday, March 26th. Cantor Fitzgerald raised their price target 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. New Street Research upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and raised their price target for the company from $15.00 to $18.00 in a report on Monday, March 18th. 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. Finally, Barclays raised their price target 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 equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company 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.