Perpetual Ltd Sells 66,856 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Perpetual Ltd decreased its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 44.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,217 shares of the company’s stock after selling 66,856 shares during the period. Perpetual Ltd’s holdings in PagSeguro Digital were worth $521,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PAGS. Harbour Capital Advisors LLC acquired a new stake in PagSeguro Digital during the 4th quarter valued at $482,000. JPMorgan Chase & Co. lifted its stake in shares of PagSeguro Digital by 101.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company’s stock worth $17,091,000 after buying an additional 999,237 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of PagSeguro Digital by 23.8% during the 3rd quarter. Principal Financial Group Inc. now owns 403,938 shares of the company’s stock worth $3,478,000 after buying an additional 77,543 shares during the period. SPX Gestao de Recursos Ltda acquired a new position in PagSeguro Digital in the 3rd quarter valued at about $38,151,000. Finally, DGS Capital Management LLC bought a new position in PagSeguro Digital in the 3rd quarter valued at about $113,000. 45.88% of the stock is owned by institutional investors and hedge funds.

PagSeguro Digital Stock Performance

Shares of PAGS stock opened at $6.67 on Thursday. PagSeguro Digital Ltd. has a fifty-two week low of $6.11 and a fifty-two week high of $14.98. The company has a market cap of $2.20 billion, a PE ratio of 5.51, a P/E/G ratio of 0.42 and a beta of 1.94. The stock’s fifty day moving average price is $6.92 and its two-hundred day moving average price is $9.19.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PAGS. JPMorgan Chase & Co. reduced their price objective on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Barclays lowered their price objective on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Itau BBA Securities cut shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price for the company. in a research report on Tuesday, October 1st. KeyCorp raised shares of PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. Finally, Susquehanna cut their price objective on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.18.

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.