Victory Capital Management Inc. Has $3.54 Million Stake in PagSeguro Digital Ltd. (NYSE:PAGS)

Victory Capital Management Inc. lessened its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 4.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 410,627 shares of the company’s stock after selling 20,035 shares during the quarter. Victory Capital Management Inc.’s holdings in PagSeguro Digital were worth $3,535,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Marshall Wace LLP boosted its holdings in PagSeguro Digital by 55.5% during the second quarter. Marshall Wace LLP now owns 6,994,870 shares of the company’s stock valued at $81,770,000 after purchasing an additional 2,497,968 shares in the last quarter. Millennium Management LLC grew its position in shares of PagSeguro Digital by 115.1% during the 2nd quarter. Millennium Management LLC now owns 3,813,901 shares of the company’s stock worth $44,585,000 after buying an additional 2,040,704 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of PagSeguro Digital by 26.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock valued at $47,168,000 after acquiring an additional 1,144,590 shares during the period. American Century Companies Inc. raised its position in shares of PagSeguro Digital by 251.4% in the 2nd 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, Acadian Asset Management LLC grew its position in shares of PagSeguro Digital by 35.7% in the 2nd quarter. Acadian Asset Management LLC now owns 2,454,259 shares of the company’s stock valued at $28,670,000 after purchasing an additional 645,562 shares during the period. Institutional investors and hedge funds own 45.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PAGS. Morgan Stanley reaffirmed an “underweight” rating and set a $6.50 price target (down previously from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. KeyCorp raised PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. The Goldman Sachs Group reduced 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 report on Friday, November 15th. Finally, Itau BBA Securities cut 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 research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, PagSeguro Digital currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.36.

PagSeguro Digital Stock Performance

Shares of NYSE PAGS opened at $7.94 on Friday. The company has a market capitalization of $2.62 billion, a P/E ratio of 6.56, a price-to-earnings-growth ratio of 0.39 and a beta of 1.95. PagSeguro Digital Ltd. has a 52-week low of $7.35 and a 52-week high of $14.98. The company’s 50 day moving average price is $8.35 and its 200-day moving average price is $10.77.

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.