Public Employees Retirement System of Ohio Sells 150,260 Shares of PagSeguro Digital Ltd. $PAGS

Public Employees Retirement System of Ohio cut its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 45.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,901 shares of the company’s stock after selling 150,260 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in PagSeguro Digital were worth $1,783,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Robeco Institutional Asset Management B.V. boosted its stake in PagSeguro Digital by 108.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,610,914 shares of the company’s stock worth $63,729,000 after acquiring an additional 3,435,211 shares in the last quarter. UBS Group AG increased its stake in shares of PagSeguro Digital by 97.1% during the fourth quarter. UBS Group AG now owns 1,379,312 shares of the company’s stock valued at $13,297,000 after purchasing an additional 679,490 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new position in shares of PagSeguro Digital during the fourth quarter valued at approximately $2,024,000. Artemis Investment Management LLP increased its stake in shares of PagSeguro Digital by 25.2% during the fourth quarter. Artemis Investment Management LLP now owns 6,764,422 shares of the company’s stock valued at $65,209,000 after purchasing an additional 1,363,223 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of PagSeguro Digital during the fourth quarter valued at approximately $473,000. 45.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on PAGS. JPMorgan Chase & Co. dropped their price target on PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Autonomous Res lowered PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Weiss Ratings cut PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Jefferies Financial Group started coverage on PagSeguro Digital in a report on Thursday, July 23rd. They issued a “hold” rating and a $10.40 target price on the stock. Finally, Bank of America cut PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.98.

PagSeguro Digital Stock Performance

Shares of PagSeguro Digital stock opened at $9.64 on Monday. The company has a 50-day simple moving average of $9.10 and a two-hundred day simple moving average of $9.92. The stock has a market capitalization of $2.70 billion, a PE ratio of 7.09, a price-to-earnings-growth ratio of 0.47 and a beta of 1.31. PagSeguro Digital Ltd. has a 52-week low of $7.74 and a 52-week high of $12.32.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The firm had revenue of $642.01 million for the quarter, compared to analysts’ expectations of $952.64 million. PagSeguro Digital had a net margin of 10.40% and a return on equity of 16.44%. As a group, equities research analysts forecast that PagSeguro Digital Ltd. will post 1.69 EPS for the current fiscal year.

Insider Transactions at PagSeguro Digital

In other PagSeguro Digital news, insider Da Silva Ricardo Dutra sold 25,000 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $9.24, for a total transaction of $231,000.00. Following the sale, the insider directly owned 25,000 shares in the company, valued at approximately $231,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

PagSeguro Digital Profile

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.