1,089,761 Shares in PagSeguro Digital Ltd. (NYSE:PAGS) Purchased by Contrarius Group Holdings Ltd

Contrarius Group Holdings Ltd bought a new stake in PagSeguro Digital Ltd. (NYSE:PAGS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,089,761 shares of the company’s stock, valued at approximately $6,822,000. Contrarius Group Holdings Ltd owned 0.33% of PagSeguro Digital as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in PagSeguro Digital in the third quarter valued at approximately $5,716,000. JPMorgan Chase & Co. boosted its stake in PagSeguro Digital by 101.4% in the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company’s stock valued at $17,091,000 after acquiring an additional 999,237 shares during the period. Citigroup Inc. boosted its stake in PagSeguro Digital by 587.0% in the third quarter. Citigroup Inc. now owns 1,052,166 shares of the company’s stock valued at $9,059,000 after acquiring an additional 899,010 shares during the period. Harbour Capital Advisors LLC acquired a new position in PagSeguro Digital in the fourth quarter valued at approximately $482,000. Finally, SPX Gestao de Recursos Ltda acquired a new position in PagSeguro Digital in the third quarter valued at approximately $38,151,000. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Stock Performance

NYSE PAGS opened at $8.54 on Thursday. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $14.82. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 7.05, a PEG ratio of 0.51 and a beta of 2.04. The firm’s 50 day moving average price is $7.41 and its two-hundred day moving average price is $7.78.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The business had revenue of $875.27 million for the quarter, compared to analysts’ expectations of $872.66 million. On average, research analysts forecast that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on PAGS. Bank of America restated a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Citigroup reaffirmed a “neutral” rating and set a $7.00 price target (down previously from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. cut their price target on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.33.

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.