Absolute Gestao de Investimentos Ltda. Has $9.90 Million Stake in PagSeguro Digital Ltd. (NYSE:PAGS)

Absolute Gestao de Investimentos Ltda. raised its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 147.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 846,972 shares of the company’s stock after acquiring an additional 504,148 shares during the quarter. PagSeguro Digital comprises approximately 5.1% of Absolute Gestao de Investimentos Ltda.’s portfolio, making the stock its 6th biggest holding. Absolute Gestao de Investimentos Ltda. owned approximately 0.26% of PagSeguro Digital worth $9,901,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of PagSeguro Digital by 7.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,197,266 shares of the company’s stock worth $14,930,000 after buying an additional 86,691 shares in the last quarter. Norges Bank purchased a new stake in PagSeguro Digital in the 4th quarter worth approximately $54,522,000. SPX Gestao de Recursos Ltda boosted its holdings 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 valued at $46,886,000 after purchasing an additional 2,677,659 shares during the period. Intrepid Capital Management Inc. boosted its holdings in PagSeguro Digital by 15.6% in the 4th quarter. Intrepid Capital Management Inc. now owns 267,946 shares of the company’s stock valued at $3,341,000 after purchasing an additional 36,253 shares during the period. Finally, Point72 Asset Management L.P. grew its position in shares of PagSeguro Digital by 9.0% during the 4th quarter. Point72 Asset Management L.P. now owns 10,924,410 shares of the company’s stock valued at $136,227,000 after purchasing an additional 906,510 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Stock Performance

PAGS stock opened at $9.16 on Wednesday. The firm has a market cap of $3.02 billion, a P/E ratio of 8.25, a P/E/G ratio of 0.47 and a beta of 1.95. The firm’s fifty day moving average is $11.54 and its 200 day moving average is $12.23. PagSeguro Digital Ltd. has a 52 week low of $6.93 and a 52 week high of $14.98.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $874.38 million for the quarter, compared to the consensus estimate 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 earned $0.26 earnings per share. As a group, analysts forecast that PagSeguro Digital Ltd. will post 1.19 EPS for the current year.

Wall Street Analysts Forecast Growth

PAGS has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on PagSeguro Digital from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. UBS Group lowered their target price on shares of PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating on the stock in a research note on Monday, July 8th. Morgan Stanley reissued an “underweight” rating and issued a $6.50 price target (down previously from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. Barclays lowered their price objective on shares of PagSeguro Digital from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, August 22nd. Finally, The Goldman Sachs Group raised PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.11.

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.