Turim 21 Investimentos Ltda. Takes $1.50 Million Position in PagSeguro Digital Ltd. $PAGS

Turim 21 Investimentos Ltda. purchased a new position in PagSeguro Digital Ltd. (NYSE:PAGS) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 149,618 shares of the company’s stock, valued at approximately $1,499,000. PagSeguro Digital accounts for 0.5% of Turim 21 Investimentos Ltda.’s holdings, making the stock its 18th biggest position. Turim 21 Investimentos Ltda. owned approximately 0.05% of PagSeguro Digital at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PAGS. Intech Investment Management LLC grew its position in PagSeguro Digital by 29.9% in the 1st quarter. Intech Investment Management LLC now owns 150,945 shares of the company’s stock valued at $1,152,000 after acquiring an additional 34,787 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of PagSeguro Digital by 41.9% during the second quarter. Hsbc Holdings PLC now owns 44,955 shares of the company’s stock worth $433,000 after purchasing an additional 13,279 shares during the last quarter. Norges Bank purchased a new stake in shares of PagSeguro Digital during the second quarter valued at $529,000. First Trust Advisors LP boosted its stake in shares of PagSeguro Digital by 9.7% during the second quarter. First Trust Advisors LP now owns 23,684 shares of the company’s stock valued at $228,000 after purchasing an additional 2,098 shares during the period. Finally, Amundi grew its holdings in shares of PagSeguro Digital by 48.7% in the second quarter. Amundi now owns 25,946 shares of the company’s stock worth $244,000 after purchasing an additional 8,500 shares during the last quarter. 45.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Weiss Ratings cut shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. UBS Group dropped their target price on shares of PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating on the stock in a research note on Friday, July 17th. Autonomous Res downgraded shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Finally, Bank of America lowered PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, PagSeguro Digital presently has an average rating of “Hold” and a consensus target price of $10.98.

PagSeguro Digital Price Performance

PAGS opened at $9.21 on Monday. The firm has a market capitalization of $2.58 billion, a PE ratio of 6.78, a price-to-earnings-growth ratio of 0.45 and a beta of 1.32. The business’s 50-day moving average is $9.06 and its two-hundred day moving average is $9.93. PagSeguro Digital Ltd. has a 1 year low of $7.74 and a 1 year high of $12.32.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). PagSeguro Digital had a net margin of 10.40% and a return on equity of 16.44%. The firm had revenue of $642.01 million for the quarter, compared to analysts’ expectations of $952.64 million. As a group, sell-side analysts expect that PagSeguro Digital Ltd. will post 1.69 EPS for the current year.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.