Partner Investment Management L.P. lifted its stake in PagSeguro Digital Ltd (NYSE:PAGS) by 76.1% during the second quarter, Holdings Channel reports. The institutional investor owned 8,981 shares of the company’s stock after acquiring an additional 3,880 shares during the quarter. Partner Investment Management L.P.’s holdings in PagSeguro Digital were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of PAGS. Cubist Systematic Strategies LLC acquired a new position in PagSeguro Digital in the 2nd quarter worth about $191,000. Westfield Capital Management Co. LP acquired a new position in PagSeguro Digital in the 1st quarter worth about $253,000. Zions Bancorporation acquired a new position in PagSeguro Digital in the 2nd quarter worth about $256,000. JPMorgan Chase & Co. acquired a new position in PagSeguro Digital in the 1st quarter worth about $270,000. Finally, Quadrature Capital Ltd acquired a new position in PagSeguro Digital in the 1st quarter worth about $275,000.

A number of equities analysts recently weighed in on PAGS shares. Deutsche Bank upped their price target on PagSeguro Digital from $41.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, June 11th. Zacks Investment Research raised PagSeguro Digital from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Wednesday, June 6th. JPMorgan Chase & Co. reduced their price target on PagSeguro Digital from $35.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, May 31st. Itau BBA Securities started coverage on PagSeguro Digital in a report on Friday, July 27th. They issued an “outperform” rating and a $37.00 price target for the company. Finally, Credit Suisse Group reaffirmed an “underperform” rating and issued a $34.00 price target on shares of PagSeguro Digital in a report on Tuesday, June 19th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. PagSeguro Digital has an average rating of “Hold” and a consensus price target of $36.25.

Shares of PagSeguro Digital stock opened at $27.24 on Friday. PagSeguro Digital Ltd has a 12 month low of $24.57 and a 12 month high of $39.97. The company has a market cap of $3.27 billion and a price-to-earnings ratio of 47.79.

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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Institutional Ownership by Quarter for PagSeguro Digital (NYSE:PAGS)

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