PagSeguro Digital Ltd. (NYSE:PAGS) Position Lessened by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda decreased its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 66.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,499,584 shares of the company’s stock after selling 2,931,394 shares during the period. PagSeguro Digital accounts for 1.4% of SPX Gestao de Recursos Ltda’s portfolio, making the stock its 22nd largest position. SPX Gestao de Recursos Ltda owned approximately 0.45% of PagSeguro Digital worth $9,387,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Point72 Hong Kong Ltd lifted its holdings in shares of PagSeguro Digital by 34.6% in the 3rd quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock worth $93,000 after purchasing an additional 2,767 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of PagSeguro Digital in the 3rd quarter worth approximately $98,000. Raymond James Financial Inc. bought a new stake in shares of PagSeguro Digital in the 4th quarter worth approximately $79,000. DGS Capital Management LLC bought a new stake in shares of PagSeguro Digital in the 3rd quarter worth approximately $113,000. Finally, Creative Planning bought a new stake in shares of PagSeguro Digital in the 3rd quarter worth approximately $115,000. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Stock Performance

Shares of PAGS stock opened at $7.26 on Tuesday. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $14.82. The stock has a market cap of $2.39 billion, a PE ratio of 6.00, a price-to-earnings-growth ratio of 0.51 and a beta of 2.04. The business’s fifty day moving average is $7.18 and its 200-day moving average is $7.95.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Friday, February 21st. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $875.27 million for the quarter, compared to analysts’ expectations of $872.66 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. Equities research analysts predict that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PAGS shares. The Goldman Sachs Group cut their price target on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Susquehanna cut their target price on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a research note on Monday, November 18th. Bank of America reaffirmed a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. JPMorgan Chase & Co. cut their target price on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, KeyCorp raised PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.