Wellington Management Group LLP Reduces Holdings in PagSeguro Digital Ltd. (NYSE:PAGS)

Wellington Management Group LLP trimmed its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 79.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 205,925 shares of the company’s stock after selling 815,515 shares during the period. Wellington Management Group LLP’s holdings in PagSeguro Digital were worth $2,568,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in PagSeguro Digital by 34.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company’s stock valued at $64,000 after buying an additional 1,330 shares in the last quarter. Canton Hathaway LLC purchased a new stake in shares of PagSeguro Digital during the 4th quarter valued at about $69,000. Principal Securities Inc. bought a new stake in PagSeguro Digital in the 4th quarter worth approximately $69,000. Neo Ivy Capital Management bought a new stake in shares of PagSeguro Digital in the third quarter worth $100,000. Finally, Blue Trust Inc. increased its position in shares of PagSeguro Digital by 13.0% during the 4th quarter. Blue Trust Inc. now owns 12,479 shares of the company’s stock valued at $156,000 after purchasing an additional 1,438 shares during the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.

PagSeguro Digital Stock Down 0.8 %

Shares of PAGS stock opened at $11.69 on Monday. The company’s 50 day moving average is $12.10 and its 200 day moving average is $12.68. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 0.49 and a beta of 1.97. PagSeguro Digital Ltd. has a 52-week low of $6.93 and a 52-week high of $14.98.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings data on Friday, May 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. PagSeguro Digital had a net margin of 10.70% and a return on equity of 14.51%. The firm had revenue of $869.86 million for the quarter, compared to the consensus estimate of $679.16 million. Analysts anticipate that PagSeguro Digital Ltd. will post 1.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on PagSeguro Digital from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. Cantor Fitzgerald increased their price objective on shares of PagSeguro Digital from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Barclays raised their price objective on PagSeguro Digital from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. The Goldman Sachs Group raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Wednesday, June 26th. Finally, New Street Research upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and increased their target price for the stock from $15.00 to $18.00 in a research note on Monday, March 18th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.25.

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.