Formula Growth Ltd. Has $4.40 Million Stock Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Formula Growth Ltd. grew its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 702,987 shares of the company’s stock after acquiring an additional 72,130 shares during the period. PagSeguro Digital accounts for 1.5% of Formula Growth Ltd.’s holdings, making the stock its 18th largest position. Formula Growth Ltd. owned about 0.21% of PagSeguro Digital worth $4,401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. SPX Gestao de Recursos Ltda acquired a new stake in PagSeguro Digital in the 3rd quarter worth about $38,151,000. Marshall Wace LLP raised its position in shares of PagSeguro Digital by 307.4% in the fourth quarter. Marshall Wace LLP now owns 4,459,616 shares of the company’s stock valued at $27,917,000 after buying an additional 3,364,926 shares in the last quarter. State Street Corp boosted its stake in shares of PagSeguro Digital by 50.8% in the third quarter. State Street Corp now owns 5,908,054 shares of the company’s stock valued at $50,868,000 after buying an additional 1,990,849 shares during the period. Geode Capital Management LLC boosted its stake in shares of PagSeguro Digital by 49.1% in the third quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company’s stock valued at $29,014,000 after buying an additional 1,113,103 shares during the period. Finally, Contrarius Group Holdings Ltd acquired a new stake in PagSeguro Digital during the fourth quarter worth approximately $6,822,000. Institutional investors own 45.88% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup reaffirmed a “neutral” rating and issued a $7.00 price objective (down from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.63.

PagSeguro Digital Stock Performance

Shares of PAGS opened at $8.54 on Friday. PagSeguro Digital Ltd. has a 52-week low of $6.11 and a 52-week high of $14.82. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 7.06, a PEG ratio of 0.51 and a beta of 1.85. The business’s fifty day moving average is $7.94 and its 200-day moving average is $7.60.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Friday, February 21st. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $875.27 million for the quarter, compared to analysts’ expectations of $872.66 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. As a group, research analysts forecast that PagSeguro Digital Ltd. will post 1.17 EPS 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.