30,000 Shares in PagSeguro Digital Ltd. (NYSE:PAGS) Bought by Nutshell Asset Management Ltd

Nutshell Asset Management Ltd bought a new position in PagSeguro Digital Ltd. (NYSE:PAGS) in the fourth quarter, HoldingsChannel.com reports. The firm bought 30,000 shares of the company’s stock, valued at approximately $188,000.

A number of other institutional investors also recently modified their holdings of PAGS. SPX Gestao de Recursos Ltda acquired a new position in PagSeguro Digital during the third quarter worth $38,151,000. State Street Corp increased its position in shares of PagSeguro Digital by 50.8% in the third quarter. State Street Corp now owns 5,908,054 shares of the company’s stock valued at $50,868,000 after acquiring an additional 1,990,849 shares during the last quarter. Geode Capital Management LLC increased its position in shares of PagSeguro Digital by 49.1% in the third quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company’s stock valued at $29,014,000 after acquiring an additional 1,113,103 shares during the last quarter. Contrarius Group Holdings Ltd bought a new stake in PagSeguro Digital during the fourth quarter worth about $6,822,000. Finally, JPMorgan Chase & Co. boosted its position in PagSeguro Digital by 101.4% during the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company’s stock valued at $17,091,000 after purchasing an additional 999,237 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors.

PagSeguro Digital Trading Down 7.8 %

Shares of PagSeguro Digital stock opened at $7.84 on Friday. The company has a 50 day moving average of $7.76 and a 200-day moving average of $7.66. PagSeguro Digital Ltd. has a 1-year low of $6.11 and a 1-year high of $14.82. The company has a market cap of $2.58 billion, a PE ratio of 6.48, a price-to-earnings-growth ratio of 0.51 and a beta of 1.85.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Friday, February 21st. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The business had revenue of $875.27 million during the quarter, compared to the consensus estimate of $872.66 million. Research analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PAGS. Citigroup restated a “neutral” rating and set a $7.00 target price (down from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. JPMorgan Chase & Co. cut their price target on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, Bank of America restated a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, PagSeguro Digital currently has an average rating of “Hold” and an average target price of $11.63.

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.