Phoenix Holdings Ltd. increased its holdings in shares of PagSeguro Digital Ltd (NYSE:PAGS) by 19.7% in the second quarter, Holdings Channel reports. The firm owned 40,113 shares of the company’s stock after acquiring an additional 6,603 shares during the period. Phoenix Holdings Ltd.’s holdings in PagSeguro Digital were worth $1,333,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Capital World Investors boosted its holdings in shares of PagSeguro Digital by 8.6% in the first quarter. Capital World Investors now owns 21,676,370 shares of the company’s stock valued at $419,005,000 after acquiring an additional 1,711,830 shares in the last quarter. Invesco Ltd. boosted its stake in PagSeguro Digital by 197.0% in the 1st quarter. Invesco Ltd. now owns 18,746,710 shares of the company’s stock worth $362,373,000 after purchasing an additional 12,434,220 shares in the last quarter. Sylebra Capital Ltd boosted its stake in PagSeguro Digital by 27.0% in the 1st quarter. Sylebra Capital Ltd now owns 10,723,400 shares of the company’s stock worth $207,283,000 after purchasing an additional 2,279,052 shares in the last quarter. Schroder Investment Management Group boosted its stake in PagSeguro Digital by 2.0% in the 1st quarter. Schroder Investment Management Group now owns 4,878,381 shares of the company’s stock worth $96,348,000 after purchasing an additional 96,956 shares in the last quarter. Finally, Samlyn Capital LLC boosted its stake in PagSeguro Digital by 43.7% in the 1st quarter. Samlyn Capital LLC now owns 4,354,746 shares of the company’s stock worth $84,177,000 after purchasing an additional 1,323,998 shares in the last quarter. 56.89% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on PAGS shares. Citigroup started coverage on shares of PagSeguro Digital in a research note on Friday, August 14th. They issued a “buy” rating and a $45.00 price target on the stock. Itau BBA Securities cut shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 5th. KeyCorp upped their price target on shares of PagSeguro Digital from $20.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 27th. Guggenheim upped their price target on shares of PagSeguro Digital from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Finally, TheStreet upgraded shares of PagSeguro Digital from a “d+” rating to a “c” rating in a research note on Wednesday, June 10th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. PagSeguro Digital presently has an average rating of “Buy” and a consensus target price of $43.00.
PAGS traded down $0.28 during midday trading on Thursday, hitting $41.59. 52,290 shares of the company traded hands, compared to its average volume of 1,312,498. The firm has a market capitalization of $13.99 billion, a PE ratio of 41.85 and a beta of 1.46. The company’s 50-day moving average is $38.07 and its 200 day moving average is $30.61. PagSeguro Digital Ltd has a 52 week low of $13.58 and a 52 week high of $53.35.
PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Thursday, May 28th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.89. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.44 billion. PagSeguro Digital had a net margin of 23.40% and a return on equity of 19.20%. The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 EPS. On average, analysts expect that PagSeguro Digital Ltd will post 0.86 EPS for the current year.
PagSeguro Digital Profile
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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