117,639 Shares in PagSeguro Digital Ltd. (NYSE:PAGS) Acquired by Empowered Funds LLC

Empowered Funds LLC purchased a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 117,639 shares of the company’s stock, valued at approximately $1,013,000.

Other institutional investors have also made changes to their positions in the company. Metis Global Partners LLC raised its position in PagSeguro Digital by 11.5% during the third quarter. Metis Global Partners LLC now owns 209,439 shares of the company’s stock valued at $1,803,000 after acquiring an additional 21,643 shares in the last quarter. Aigen Investment Management LP bought a new position in PagSeguro Digital during the third quarter valued at approximately $432,000. Sumitomo Mitsui Trust Group Inc. bought a new position in PagSeguro Digital during the third quarter valued at approximately $3,246,000. GSA Capital Partners LLP raised its position in PagSeguro Digital by 88.6% during the third quarter. GSA Capital Partners LLP now owns 131,408 shares of the company’s stock valued at $1,131,000 after acquiring an additional 61,736 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of PagSeguro Digital by 23.8% in the third quarter. Principal Financial Group Inc. now owns 403,938 shares of the company’s stock valued at $3,478,000 after purchasing an additional 77,543 shares during the period. 45.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. KeyCorp raised shares of PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. Barclays decreased their price target on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. The Goldman Sachs Group decreased 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 note on Friday, November 15th. Itau BBA Securities downgraded 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 note on Tuesday, October 1st. Finally, Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, PagSeguro Digital has an average rating of “Moderate Buy” and a consensus price target of $14.36.

PagSeguro Digital Stock Up 5.7 %

NYSE:PAGS opened at $7.94 on Friday. The stock’s 50-day simple moving average is $8.37 and its 200 day simple moving average is $10.80. The firm has a market capitalization of $2.62 billion, a PE ratio of 6.52, a price-to-earnings-growth ratio of 0.39 and a beta of 1.95. PagSeguro Digital Ltd. has a twelve month low of $7.35 and a twelve month high of $14.98.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The firm had revenue of $874.38 million for the quarter, compared to analyst estimates of $816.34 million. During the same period last year, the firm posted $0.26 earnings per share. On average, analysts anticipate that PagSeguro Digital Ltd. will post 1.19 EPS for the current fiscal year.

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.