Intech Investment Management LLC Makes New $741,000 Investment in PagSeguro Digital Ltd. (NYSE:PAGS)

Intech Investment Management LLC acquired a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) in the third quarter, Holdings Channel reports. The fund acquired 86,039 shares of the company’s stock, valued at approximately $741,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Y.D. More Investments Ltd raised its stake in PagSeguro Digital by 82.5% during the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after acquiring an additional 1,800 shares in the last quarter. Family Firm Inc. bought a new stake in shares of PagSeguro Digital in the 2nd quarter worth about $50,000. Quarry LP increased its position in shares of PagSeguro Digital by 156.2% during the 2nd quarter. Quarry LP now owns 6,242 shares of the company’s stock worth $73,000 after purchasing an additional 3,806 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of PagSeguro Digital during the 2nd quarter worth about $74,000. Finally, Nisa Investment Advisors LLC lifted its holdings in PagSeguro Digital by 26.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock valued at $79,000 after purchasing an additional 1,421 shares during the last quarter. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Stock Down 5.7 %

PagSeguro Digital stock opened at $7.34 on Friday. The business’s 50-day simple moving average is $8.25 and its 200 day simple moving average is $10.63. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 6.09, a P/E/G ratio of 0.40 and a beta of 1.95. PagSeguro Digital Ltd. has a 12-month low of $7.20 and a 12-month high of $14.98.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Barclays decreased their price objective 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. Morgan Stanley restated an “underweight” rating and set a $6.50 price target (down from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. KeyCorp upgraded PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. The Goldman Sachs Group decreased their target price on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, Susquehanna lowered their target price on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research note on Monday, November 18th. One equities research 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 company. Based on data from MarketBeat, PagSeguro Digital presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.36.

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.