Pelham Global Financials Ltd. Has $27.28 Million Stake in PagSeguro Digital Ltd. (NYSE:PAGS)

Pelham Global Financials Ltd. grew its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 723,390 shares of the company’s stock after acquiring an additional 65,000 shares during the quarter. PagSeguro Digital accounts for approximately 12.6% of Pelham Global Financials Ltd.’s investment portfolio, making the stock its 3rd biggest position. Pelham Global Financials Ltd. owned about 0.22% of PagSeguro Digital worth $27,279,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Sylebra Capital Ltd boosted its position in shares of PagSeguro Digital by 2.5% in the second quarter. Sylebra Capital Ltd now owns 10,989,797 shares of the company’s stock valued at $388,379,000 after acquiring an additional 266,397 shares during the period. Morgan Stanley lifted its position in PagSeguro Digital by 88.9% during the first quarter. Morgan Stanley now owns 2,661,545 shares of the company’s stock worth $51,447,000 after purchasing an additional 1,252,716 shares during the period. Sei Investments Co. lifted its position in PagSeguro Digital by 42.2% during the second quarter. Sei Investments Co. now owns 2,255,585 shares of the company’s stock worth $79,718,000 after purchasing an additional 669,666 shares during the period. Point72 Asset Management L.P. bought a new stake in PagSeguro Digital during the second quarter worth about $45,488,000. Finally, Amundi Pioneer Asset Management Inc. lifted its position in PagSeguro Digital by 5.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 594,794 shares of the company’s stock worth $17,755,000 after purchasing an additional 30,094 shares during the period. 56.97% of the stock is owned by institutional investors.

Shares of PagSeguro Digital stock traded down $2.62 on Monday, hitting $37.86. The stock had a trading volume of 41,369 shares, compared to its average volume of 1,993,384. The stock has a 50 day moving average of $38.45 and a 200 day moving average of $34.45. PagSeguro Digital Ltd. has a twelve month low of $13.58 and a twelve month high of $45.76. The firm has a market capitalization of $13.27 billion, a P/E ratio of 43.06 and a beta of 1.48.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.03). PagSeguro Digital had a net margin of 23.16% and a return on equity of 18.16%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the company earned $1.04 EPS. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities analysts anticipate that PagSeguro Digital Ltd. will post 0.75 earnings per share for the current year.

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of PagSeguro Digital from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Citigroup assumed coverage on shares of PagSeguro Digital in a research report on Friday, August 14th. They set a “buy” rating and a $45.00 price objective for the company. Goldman Sachs Group cut shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $47.00 to $42.00 in a research report on Tuesday, September 8th. Finally, UBS Group boosted their target price on PagSeguro Digital from $44.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. PagSeguro Digital has a consensus rating of “Buy” and a consensus price target of $42.30.

PagSeguro Digital 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 banking services through the PagBank mobile app; 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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Institutional Ownership by Quarter for PagSeguro Digital (NYSE:PAGS)

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