UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Makes New Investment in PagSeguro Digital Ltd. (NYSE:PAGS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in PagSeguro Digital Ltd. (NYSE:PAGS) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 663,904 shares of the company’s stock, valued at approximately $5,716,000.

Other large investors have also recently made changes to their positions in the company. Public Sector Pension Investment Board bought a new position in PagSeguro Digital in the 3rd quarter worth about $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in PagSeguro Digital during the third quarter valued at approximately $362,000. BNP Paribas Financial Markets lifted its position in PagSeguro Digital by 310.1% during the third quarter. BNP Paribas Financial Markets now owns 303,961 shares of the company’s stock valued at $2,617,000 after acquiring an additional 229,850 shares during the last quarter. Quantbot Technologies LP lifted its position in PagSeguro Digital by 2.3% during the third quarter. Quantbot Technologies LP now owns 283,435 shares of the company’s stock valued at $2,440,000 after acquiring an additional 6,365 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in PagSeguro Digital by 23.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 103,971 shares of the company’s stock valued at $895,000 after purchasing an additional 19,972 shares in the last quarter. 45.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PAGS. Susquehanna cut their price target on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a research note on Monday, November 18th. The Goldman Sachs Group dropped their price target on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. 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. Finally, Itau BBA Securities lowered shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target on the stock. in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, PagSeguro Digital presently has an average rating of “Moderate Buy” and an average price target of $14.36.

PagSeguro Digital Stock Performance

PagSeguro Digital stock opened at $7.09 on Wednesday. The company’s 50 day simple moving average is $8.00 and its 200-day simple moving average is $10.30. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 5.86, a price-to-earnings-growth ratio of 0.36 and a beta of 1.92. PagSeguro Digital Ltd. has a 1 year low of $6.94 and a 1 year high of $14.98.

PagSeguro Digital 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.