PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC lessened its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 10.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 94,243 shares of the company’s stock after selling 10,950 shares during the quarter. Intellectus Partners LLC’s holdings in PagSeguro Digital were worth $1,175,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PAGS. Sylebra Capital LLC acquired a new stake in shares of PagSeguro Digital during the third quarter worth $80,028,000. Polunin Capital Partners Ltd raised its position in PagSeguro Digital by 19.3% during the fourth quarter. Polunin Capital Partners Ltd now owns 3,640,969 shares of the company’s stock valued at $45,403,000 after buying an additional 589,600 shares during the period. Robeco Institutional Asset Management B.V. raised its position in PagSeguro Digital by 4.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,853,584 shares of the company’s stock valued at $15,959,000 after buying an additional 85,584 shares during the period. Lazard Asset Management LLC raised its position in PagSeguro Digital by 15.7% during the third quarter. Lazard Asset Management LLC now owns 1,780,256 shares of the company’s stock valued at $15,328,000 after buying an additional 242,008 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in PagSeguro Digital by 8.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,110,575 shares of the company’s stock valued at $9,562,000 after buying an additional 87,612 shares during the period. Institutional investors and hedge funds own 45.88% of the company’s stock.

Wall Street Analyst Weigh In

PAGS has been the topic of a number of recent research reports. Barclays boosted their target price on PagSeguro Digital from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. The Goldman Sachs Group upgraded PagSeguro Digital from a “sell” rating to a “neutral” rating and upped their price target for the stock from $7.40 to $13.80 in a research note on Monday, January 22nd. Cantor Fitzgerald increased their target price on PagSeguro Digital from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. New Street Research raised PagSeguro Digital from a “neutral” rating to a “buy” rating and increased their target price for the stock from $15.00 to $18.00 in a report on Monday, March 18th. Finally, Evercore ISI raised PagSeguro Digital from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $12.00 to $18.00 in a report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, PagSeguro Digital presently has a consensus rating of “Moderate Buy” and an average target price of $15.09.

PagSeguro Digital Stock Up 7.3 %

Shares of NYSE:PAGS traded up $0.86 during midday trading on Friday, reaching $12.68. The company had a trading volume of 3,244,329 shares, compared to its average volume of 3,696,795. The business’s 50 day moving average price is $13.23 and its 200 day moving average price is $11.56. The stock has a market cap of $4.18 billion, a PE ratio of 12.31, a P/E/G ratio of 0.68 and a beta of 1.78. PagSeguro Digital Ltd. has a 1-year low of $6.93 and a 1-year high of $14.98.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. PagSeguro Digital had a return on equity of 13.94% and a net margin of 10.37%. The business had revenue of $877.60 million during the quarter, compared to analysts’ expectations of $786.91 million. On average, research analysts expect that PagSeguro Digital Ltd. will post 1.29 earnings per share for the current fiscal year.

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.