Metis Global Partners LLC Purchases 21,643 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Metis Global Partners LLC increased its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 11.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 209,439 shares of the company’s stock after buying an additional 21,643 shares during the period. Metis Global Partners LLC owned about 0.06% of PagSeguro Digital worth $1,803,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its holdings in PagSeguro Digital by 26.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock valued at $79,000 after purchasing an additional 1,421 shares during the last quarter. Y.D. More Investments Ltd boosted its stake in shares of PagSeguro Digital by 82.5% during the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock valued at $47,000 after purchasing an additional 1,800 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of PagSeguro Digital during the first quarter valued at approximately $30,000. Los Angeles Capital Management LLC lifted its position in PagSeguro Digital by 1.9% during the second quarter. Los Angeles Capital Management LLC now owns 110,951 shares of the company’s stock valued at $1,297,000 after acquiring an additional 2,083 shares during the last quarter. Finally, Csenge Advisory Group lifted its position in PagSeguro Digital by 21.0% during the second quarter. Csenge Advisory Group now owns 12,410 shares of the company’s stock valued at $145,000 after acquiring an additional 2,152 shares during the last quarter. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on PAGS. Itau BBA Securities cut shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target for the company. in a report on Tuesday, October 1st. Morgan Stanley reiterated an “underweight” rating and issued a $6.50 target price (down previously from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. The Goldman Sachs Group reduced their target price on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday. Barclays reduced their price target on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Finally, Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.20.

PagSeguro Digital Stock Performance

Shares of PAGS opened at $7.65 on Friday. PagSeguro Digital Ltd. has a 1 year low of $7.56 and a 1 year high of $14.98. The company’s 50 day simple moving average is $8.50 and its 200 day simple moving average is $10.94. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 6.54, a PEG ratio of 0.42 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. The business had revenue of $874.38 million during the quarter, compared to analyst estimates of $816.34 million. During the same period last year, the business earned $0.26 EPS. Equities analysts expect that PagSeguro Digital Ltd. will post 1.19 EPS for the current fiscal year.

PagSeguro Digital Company 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.