Ruffer LLP Acquires Shares of 678,261 PagSeguro Digital Ltd. (NYSE:PAGS)

Ruffer LLP bought a new position in PagSeguro Digital Ltd. (NYSE:PAGS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 678,261 shares of the company’s stock, valued at approximately $4,246,000. Ruffer LLP owned about 0.21% of PagSeguro Digital at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in PagSeguro Digital in the fourth quarter worth about $79,000. Point72 Hong Kong Ltd lifted its stake in shares of PagSeguro Digital by 34.6% during the 3rd quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock worth $93,000 after acquiring an additional 2,767 shares during the last quarter. Virtu Financial LLC purchased a new position in PagSeguro Digital during the 3rd quarter valued at $98,000. Gulf International Bank UK Ltd bought a new position in PagSeguro Digital in the 3rd quarter valued at $111,000. Finally, DGS Capital Management LLC purchased a new stake in PagSeguro Digital in the third quarter worth $113,000. 45.88% of the stock is owned by hedge funds and other institutional investors.

PagSeguro Digital Price Performance

Shares of NYSE:PAGS opened at $7.53 on Friday. The business’s 50 day moving average price is $7.18 and its 200-day moving average price is $7.98. The firm has a market capitalization of $2.48 billion, a PE ratio of 6.22, a P/E/G ratio of 0.51 and a beta of 2.04. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $14.82.

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

Analysts Set New Price Targets

Several research firms have recently commented on PAGS. Citigroup restated a “neutral” rating and issued a $7.00 price target (down previously from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. Susquehanna lowered their price target on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a report on Monday, November 18th. JPMorgan Chase & Co. cut their price objective on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Finally, The Goldman Sachs Group cut their price target 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, November 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, PagSeguro Digital currently has an average rating of “Moderate Buy” and a consensus price target of $12.90.

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.