PagSeguro Digital Ltd. $PAGS Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP raised its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 608.2% in the 2nd quarter, Holdings Channel reports. The fund owned 313,943 shares of the company’s stock after purchasing an additional 269,615 shares during the period. Quantbot Technologies LP’s holdings in PagSeguro Digital were worth $3,026,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PAGS. Valued Retirements Inc. purchased a new position in shares of PagSeguro Digital in the second quarter valued at $109,000. Edgestream Partners L.P. purchased a new stake in PagSeguro Digital during the 2nd quarter worth $1,062,000. Virtus Advisers LLC purchased a new stake in PagSeguro Digital during the 2nd quarter worth $51,000. Norges Bank acquired a new position in PagSeguro Digital in the 2nd quarter worth $529,000. Finally, Hsbc Holdings PLC boosted its position in PagSeguro Digital by 41.9% in the 2nd quarter. Hsbc Holdings PLC now owns 44,955 shares of the company’s stock valued at $433,000 after buying an additional 13,279 shares during the last quarter. Hedge funds and other institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Trading Up 0.4%

PAGS stock opened at $10.36 on Friday. The stock’s 50 day simple moving average is $9.55 and its 200 day simple moving average is $9.17. PagSeguro Digital Ltd. has a 12-month low of $6.11 and a 12-month high of $11.16. The firm has a market cap of $3.41 billion, a P/E ratio of 8.03, a P/E/G ratio of 0.53 and a beta of 1.45.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. PagSeguro Digital had a net margin of 11.00% and a return on equity of 15.39%. The firm had revenue of $937.15 million during the quarter, compared to the consensus estimate of $971.30 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 recently issued reports on PAGS. Wall Street Zen lowered PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 4th. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a research note on Wednesday, October 8th. UBS Group upped their target price on PagSeguro Digital from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Zacks Research cut PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Finally, Bank of America raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and raised their price target for the stock from $10.00 to $13.00 in a research report on Friday, September 19th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $11.71.

PagSeguro Digital Profile

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.