Los Angeles Capital Management LLC Raises Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Los Angeles Capital Management LLC increased its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,951 shares of the company’s stock after purchasing an additional 2,083 shares during the quarter. Los Angeles Capital Management LLC’s holdings in PagSeguro Digital were worth $1,297,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Point72 Asset Management L.P. raised its position in PagSeguro Digital by 9.0% in the 4th quarter. Point72 Asset Management L.P. now owns 10,924,410 shares of the company’s stock worth $136,227,000 after purchasing an additional 906,510 shares during the period. Sylebra Capital LLC raised its position in PagSeguro Digital by 0.7% in the 1st quarter. Sylebra Capital LLC now owns 9,593,685 shares of the company’s stock worth $136,998,000 after purchasing an additional 64,671 shares during the period. Norges Bank purchased a new position in PagSeguro Digital in the 4th quarter worth $54,522,000. Polunin Capital Partners Ltd raised its position in PagSeguro Digital by 12.3% in the 1st quarter. Polunin Capital Partners Ltd now owns 4,088,380 shares of the company’s stock worth $58,382,000 after purchasing an additional 447,411 shares during the period. Finally, SPX Gestao de Recursos Ltda raised its position in PagSeguro Digital by 247.4% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 3,759,906 shares of the company’s stock worth $46,886,000 after purchasing an additional 2,677,659 shares during the period. Hedge funds and other institutional investors own 45.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PAGS shares. Morgan Stanley reiterated an “underweight” rating and issued a $6.50 target price (down previously from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. UBS Group cut their price target on shares of PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating on the stock in a report on Monday, July 8th. Barclays cut their price target on shares of PagSeguro Digital from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, August 22nd. JPMorgan Chase & Co. raised their price target on shares of PagSeguro Digital from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. Finally, The Goldman Sachs Group raised shares of 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 research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $15.11.

PagSeguro Digital Trading Up 0.7 %

Shares of PAGS opened at $9.18 on Thursday. The firm’s 50-day moving average price is $12.26 and its 200-day moving average price is $12.52. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 0.48 and a beta of 1.95. PagSeguro Digital Ltd. has a 1-year low of $6.93 and a 1-year high of $14.98.

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