PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 6.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 38,218 shares of the company’s stock after selling 2,700 shares during the quarter. Truist Financial Corp’s holdings in PagSeguro Digital were worth $447,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PAGS. Marshall Wace LLP grew its position in PagSeguro Digital by 55.5% in the 2nd quarter. Marshall Wace LLP now owns 6,994,870 shares of the company’s stock worth $81,770,000 after purchasing an additional 2,497,968 shares during the last quarter. Millennium Management LLC raised its holdings in shares of PagSeguro Digital by 115.1% during the second quarter. Millennium Management LLC now owns 3,813,901 shares of the company’s stock valued at $44,585,000 after acquiring an additional 2,040,704 shares during the period. Acadian Asset Management LLC raised its holdings in shares of PagSeguro Digital by 246.4% during the first quarter. Acadian Asset Management LLC now owns 1,808,697 shares of the company’s stock valued at $25,811,000 after acquiring an additional 1,286,490 shares during the period. American Century Companies Inc. raised its holdings in shares of PagSeguro Digital by 251.4% during the second quarter. American Century Companies Inc. now owns 1,320,420 shares of the company’s stock valued at $15,436,000 after acquiring an additional 944,660 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in PagSeguro Digital by 768.4% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 725,100 shares of the company’s stock valued at $8,476,000 after buying an additional 641,600 shares during the period. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Stock Performance

PagSeguro Digital stock opened at $8.33 on Thursday. PagSeguro Digital Ltd. has a 52 week low of $6.93 and a 52 week high of $14.98. The stock has a market capitalization of $2.75 billion, a P/E ratio of 7.50, a price-to-earnings-growth ratio of 0.42 and a beta of 1.94. The stock has a fifty day moving average of $10.22 and a 200-day moving average of $11.63.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PAGS shares. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. Morgan Stanley reissued an “underweight” rating and issued a $6.50 price target (down from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. Itau BBA Securities downgraded shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a report on Tuesday, October 1st. Barclays reduced their price objective on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, The Goldman Sachs Group upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.50.

About PagSeguro Digital

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.