Quantbot Technologies LP Boosts Stake in PagSeguro Digital Ltd. $PAGS

Quantbot Technologies LP grew its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 608.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 313,943 shares of the company’s stock after purchasing an additional 269,615 shares during the period. Quantbot Technologies LP owned 0.10% of PagSeguro Digital worth $3,026,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Los Angeles Capital Management LLC grew its position in shares of PagSeguro Digital by 511.6% in the second quarter. Los Angeles Capital Management LLC now owns 256,082 shares of the company’s stock valued at $2,469,000 after purchasing an additional 214,211 shares during the period. Acadian Asset Management LLC lifted its position in PagSeguro Digital by 6.6% during the second quarter. Acadian Asset Management LLC now owns 7,831,041 shares of the company’s stock worth $75,445,000 after buying an additional 485,575 shares during the period. Vontobel Holding Ltd. acquired a new stake in PagSeguro Digital in the 2nd quarter worth about $444,000. Catalyst Funds Management Pty Ltd acquired a new stake in PagSeguro Digital in the 2nd quarter worth about $255,000. Finally, Nvwm LLC purchased a new stake in PagSeguro Digital in the 2nd quarter valued at about $953,000. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Stock Performance

NYSE PAGS opened at $10.36 on Friday. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 0.53 and a beta of 1.45. PagSeguro Digital Ltd. has a one year low of $6.11 and a one year high of $11.16. The company’s 50 day moving average price is $9.55 and its 200 day moving average price is $9.17.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. PagSeguro Digital had a net margin of 11.00% and a return on equity of 15.39%. The company had revenue of $937.15 million during the quarter, compared to analyst estimates of $971.30 million. Sell-side analysts forecast that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PAGS shares. Wall Street Zen lowered shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 4th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $9.00 price target (down previously from $12.00) on shares of PagSeguro Digital in a research report on Tuesday, October 14th. Bank of America upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and lifted their price target for the company from $10.00 to $13.00 in a report on Friday, September 19th. UBS Group boosted their price objective on shares of PagSeguro Digital from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PagSeguro Digital in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, PagSeguro Digital presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.71.

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.