Sagil Capital LLP increased its stake in PagSeguro Digital Ltd (NYSE:PAGS) by 200.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 600,000 shares of the company’s stock after buying an additional 400,000 shares during the quarter. PagSeguro Digital comprises approximately 13.8% of Sagil Capital LLP’s holdings, making the stock its largest holding. Sagil Capital LLP owned approximately 0.18% of PagSeguro Digital worth $17,910,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of PAGS. California Public Employees Retirement System increased its position in shares of PagSeguro Digital by 39.3% in the fourth quarter. California Public Employees Retirement System now owns 217,000 shares of the company’s stock valued at $4,064,000 after buying an additional 61,200 shares in the last quarter. Newfoundland Capital Management purchased a new stake in shares of PagSeguro Digital during the fourth quarter worth approximately $5,535,000. Verde Servicos Internacionais S.A. purchased a new stake in shares of PagSeguro Digital during the first quarter worth approximately $14,626,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of PagSeguro Digital during the first quarter worth approximately $90,000. Finally, Marsico Capital Management LLC increased its position in shares of PagSeguro Digital by 107.2% during the fourth quarter. Marsico Capital Management LLC now owns 55,956 shares of the company’s stock worth $1,048,000 after purchasing an additional 28,953 shares in the last quarter.
A number of equities research analysts have recently commented on PAGS shares. Goldman Sachs Group started coverage on PagSeguro Digital in a research report on Monday, June 10th. They issued a “buy” rating and a $40.00 price objective for the company. Guggenheim upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating in a research note on Thursday, May 16th. KeyCorp boosted their price objective on PagSeguro Digital from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. JPMorgan Chase & Co. upgraded PagSeguro Digital from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $27.00 to $35.00 in a research note on Wednesday, March 27th. Finally, HSBC began coverage on PagSeguro Digital in a research note on Tuesday, May 7th. They issued a “reduce” rating and a $24.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. PagSeguro Digital has an average rating of “Buy” and an average target price of $33.17.
PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.76. PagSeguro Digital had a return on equity of 18.15% and a net margin of 23.00%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. PagSeguro Digital’s revenue for the quarter was up 34.8% compared to the same quarter last year. On average, research analysts predict that PagSeguro Digital Ltd will post 1.16 earnings per share for the current fiscal year.
PagSeguro Digital Company Profile
PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end 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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.
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