New York State Common Retirement Fund Sells 137,399 Shares of PagSeguro Digital Ltd. $PAGS

New York State Common Retirement Fund cut its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 23.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 443,215 shares of the company’s stock after selling 137,399 shares during the quarter. New York State Common Retirement Fund’s holdings in PagSeguro Digital were worth $4,273,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Avantax Advisory Services Inc. boosted its holdings in PagSeguro Digital by 41.0% in the first quarter. Avantax Advisory Services Inc. now owns 14,772 shares of the company’s stock worth $113,000 after acquiring an additional 4,297 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of PagSeguro Digital by 237.4% during the first quarter. Mackenzie Financial Corp now owns 42,224 shares of the company’s stock worth $322,000 after purchasing an additional 29,711 shares during the period. PNC Financial Services Group Inc. bought a new position in shares of PagSeguro Digital in the 1st quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of PagSeguro Digital by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 38,852 shares of the company’s stock worth $296,000 after purchasing an additional 3,901 shares in the last quarter. Finally, Manhattan West Asset Management LLC grew its position in PagSeguro Digital by 43.1% in the 1st quarter. Manhattan West Asset Management LLC now owns 33,466 shares of the company’s stock valued at $255,000 after purchasing an additional 10,085 shares during the period. 45.88% of the stock is owned by institutional investors.

PagSeguro Digital Stock Performance

NYSE:PAGS opened at $9.80 on Friday. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $11.16. The firm has a 50-day moving average price of $9.54 and a two-hundred day moving average price of $9.17. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 0.50 and a beta of 1.45.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Wednesday, November 12th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $937.15 million during the quarter, compared to analyst estimates of $971.30 million. PagSeguro Digital had a return on equity of 15.39% and a net margin of 11.00%. As a group, sell-side analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

Analysts Set New Price Targets

PAGS has been the topic of several research reports. Susquehanna upped their price objective on shares of PagSeguro Digital from $11.00 to $12.00 and gave the stock a “positive” rating in a report on Friday, November 14th. The Goldman Sachs Group restated a “neutral” rating and issued a $9.00 target price (down previously from $12.00) on shares of PagSeguro Digital in a report on Tuesday, October 14th. Zacks Research cut shares of PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Bank of America raised PagSeguro Digital from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $10.00 to $13.00 in a report on Friday, September 19th. Finally, Wall Street Zen lowered PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 4th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.71.

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.