PagSeguro Digital Ltd (PAGS) Shares Bought by California Public Employees Retirement System
California Public Employees Retirement System boosted its position in shares of PagSeguro Digital Ltd (NYSE:PAGS) by 39.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 217,000 shares of the company’s stock after purchasing an additional 61,200 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of PagSeguro Digital worth $4,064,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of PAGS. LPL Financial LLC purchased a new stake in PagSeguro Digital during the fourth quarter worth $224,000. Albert D Mason Inc. acquired a new position in shares of PagSeguro Digital in the fourth quarter worth $297,000. Virtu Financial LLC acquired a new position in shares of PagSeguro Digital in the fourth quarter worth $417,000. Allianz Asset Management GmbH acquired a new position in shares of PagSeguro Digital in the third quarter worth $463,000. Finally, Hilltop Holdings Inc. raised its holdings in shares of PagSeguro Digital by 132.3% in the third quarter. Hilltop Holdings Inc. now owns 16,960 shares of the company’s stock worth $469,000 after acquiring an additional 9,660 shares during the last quarter.
A number of research firms have recently weighed in on PAGS. Zacks Investment Research cut PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. Guggenheim began coverage on PagSeguro Digital in a report on Wednesday, January 9th. They issued a “neutral” rating and a $21.65 price target for the company. UBS Group raised PagSeguro Digital from an “underperform” rating to a “neutral” rating in a report on Friday, December 7th. KeyCorp cut their price target on PagSeguro Digital from $42.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, November 30th. Finally, Citigroup raised PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a report on Tuesday, November 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. PagSeguro Digital has a consensus rating of “Hold” and a consensus target price of $32.33.
COPYRIGHT VIOLATION WARNING: This story was first reported by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://www.watchlistnews.com/pagseguro-digital-ltd-pags-shares-bought-by-california-public-employees-retirement-system/2898737.html.
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.
See Also: How prevalent are 12b-1 fees?
Receive News & Ratings for PagSeguro Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PagSeguro Digital and related companies with MarketBeat.com's FREE daily email newsletter.