Intellectus Partners LLC Raises Stake in PagSeguro Digital Ltd (NYSE:PAGS)
Intellectus Partners LLC boosted its holdings in shares of PagSeguro Digital Ltd (NYSE:PAGS) by 7.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 39,225 shares of the company’s stock after purchasing an additional 2,550 shares during the period. Intellectus Partners LLC’s holdings in PagSeguro Digital were worth $1,340,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of PagSeguro Digital by 225.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,137 shares of the company’s stock valued at $278,000 after acquiring an additional 5,637 shares in the last quarter. Coronation Fund Managers Ltd. purchased a new stake in shares of PagSeguro Digital in the fourth quarter valued at about $276,000. Albert D Mason Inc. boosted its holdings in shares of PagSeguro Digital by 37.7% in the fourth quarter. Albert D Mason Inc. now owns 26,765 shares of the company’s stock valued at $914,000 after acquiring an additional 7,330 shares in the last quarter. Canton Hathaway LLC boosted its holdings in shares of PagSeguro Digital by 7.6% in the fourth quarter. Canton Hathaway LLC now owns 32,980 shares of the company’s stock valued at $1,127,000 after acquiring an additional 2,340 shares in the last quarter. Finally, Verde Servicos Internacionais S.A. purchased a new stake in shares of PagSeguro Digital in the fourth quarter valued at about $31,244,000. 50.46% of the stock is currently owned by institutional investors.
Shares of NYSE PAGS traded down $0.40 during midday trading on Friday, hitting $34.57. The company had a trading volume of 76,893 shares, compared to its average volume of 1,605,313. PagSeguro Digital Ltd has a twelve month low of $20.25 and a twelve month high of $53.43. The business has a 50-day simple moving average of $33.49 and a two-hundred day simple moving average of $40.69. The firm has a market capitalization of $11.46 billion, a price-to-earnings ratio of 34.08, a price-to-earnings-growth ratio of 1.02 and a beta of 0.36.
Several brokerages have recently weighed in on PAGS. Evercore ISI lowered their target price on shares of PagSeguro Digital from $65.00 to $56.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. JPMorgan Chase & Co. downgraded shares of PagSeguro Digital from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $60.00 to $39.00 in a report on Tuesday, November 26th. Cantor Fitzgerald lowered their target price on shares of PagSeguro Digital from $56.00 to $46.00 in a report on Wednesday, November 27th. ValuEngine upgraded shares of PagSeguro Digital from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Finally, Zacks Investment Research cut shares of PagSeguro Digital from a “hold” rating to a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $43.89.
About PagSeguro Digital
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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