LMR Partners LLP Acquires New Shares in PagSeguro Digital Ltd. (NYSE:PAGS)

LMR Partners LLP acquired a new stake in PagSeguro Digital Ltd. (NYSE:PAGS) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 49,673 shares of the company’s stock, valued at approximately $311,000.

Other hedge funds have also bought and sold shares of the company. Signaturefd LLC grew its stake in PagSeguro Digital by 1,306.5% in the 4th quarter. Signaturefd LLC now owns 4,557 shares of the company’s stock valued at $29,000 after buying an additional 4,233 shares in the last quarter. Advisory Services Network LLC purchased a new position in PagSeguro Digital in the 4th quarter valued at approximately $66,000. Raymond James Financial Inc. purchased a new position in PagSeguro Digital in the 4th quarter valued at approximately $79,000. Virtu Financial LLC grew its stake in PagSeguro Digital by 37.4% in the 4th quarter. Virtu Financial LLC now owns 15,672 shares of the company’s stock valued at $98,000 after buying an additional 4,268 shares in the last quarter. Finally, Cresset Asset Management LLC purchased a new position in PagSeguro Digital in the 4th quarter valued at approximately $98,000. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Citigroup upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and boosted their price target for the company from $7.00 to $10.00 in a research report on Tuesday, April 22nd. Barclays reduced their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Finally, Susquehanna reduced their price target on shares of PagSeguro Digital from $16.00 to $14.00 and set a “positive” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, PagSeguro Digital has a consensus rating of “Moderate Buy” and a consensus price target of $11.63.

PagSeguro Digital Stock Performance

Shares of NYSE:PAGS opened at $9.73 on Thursday. PagSeguro Digital Ltd. has a 52-week low of $6.11 and a 52-week high of $14.82. The firm has a fifty day moving average of $8.63 and a 200 day moving average of $7.77. The firm has a market capitalization of $3.21 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 0.51 and a beta of 1.70.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Friday, February 21st. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The company had revenue of $875.27 million during the quarter, compared to analyst estimates of $872.66 million. On average, sell-side analysts forecast that PagSeguro Digital Ltd. will post 1.17 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.