PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 19.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 293,780 shares of the company’s stock after selling 69,180 shares during the period. Handelsbanken Fonder AB’s holdings in PagSeguro Digital were worth $2,529,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. TimesSquare Capital Management LLC bought a new stake in PagSeguro Digital during the first quarter worth approximately $3,665,000. Russell Investments Group Ltd. grew its holdings in shares of PagSeguro Digital by 95.2% in the 1st quarter. Russell Investments Group Ltd. now owns 1,281,587 shares of the company’s stock worth $18,316,000 after acquiring an additional 625,023 shares during the last quarter. Vanguard Group Inc. raised its position in shares of PagSeguro Digital by 6.5% during the first quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company’s stock worth $21,496,000 after purchasing an additional 92,026 shares during the period. Algert Global LLC purchased a new stake in shares of PagSeguro Digital during the second quarter valued at $1,212,000. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of PagSeguro Digital by 768.4% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 725,100 shares of the company’s stock valued at $8,476,000 after purchasing an additional 641,600 shares during the period. Institutional investors and hedge funds own 45.88% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on PAGS. UBS Group reduced their price objective on shares of PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a research note on Monday, July 8th. Barclays decreased their price objective on shares of PagSeguro Digital from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. Itau BBA Securities downgraded shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a research note on Tuesday, October 1st. JPMorgan Chase & Co. increased their target price on PagSeguro Digital from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Finally, The Goldman Sachs Group upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.80.

PagSeguro Digital Price Performance

Shares of NYSE PAGS opened at $8.08 on Thursday. PagSeguro Digital Ltd. has a one year low of $6.93 and a one year high of $14.98. The business’s 50-day moving average price is $10.52 and its two-hundred day moving average price is $11.82. The company has a market capitalization of $2.66 billion, a P/E ratio of 7.28, a price-to-earnings-growth ratio of 0.43 and a beta of 1.94.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $874.38 million during the quarter, compared to analysts’ expectations of $816.34 million. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. During the same quarter in the previous year, the business posted $0.26 EPS. On average, equities analysts anticipate that PagSeguro Digital Ltd. will post 1.19 EPS for the current 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.