Metis Global Partners LLC Boosts Stock Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Metis Global Partners LLC increased its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 13.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 235,933 shares of the company’s stock after acquiring an additional 27,911 shares during the period. Metis Global Partners LLC’s holdings in PagSeguro Digital were worth $2,942,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Waterfront Wealth Inc. lifted its holdings in PagSeguro Digital by 5.5% during the fourth quarter. Waterfront Wealth Inc. now owns 16,230 shares of the company’s stock valued at $202,000 after purchasing an additional 852 shares in the last quarter. Richard P Slaughter Associates Inc raised its position in shares of PagSeguro Digital by 0.7% during the 4th quarter. Richard P Slaughter Associates Inc now owns 170,498 shares of the company’s stock worth $2,126,000 after purchasing an additional 1,149 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in PagSeguro Digital by 34.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company’s stock valued at $64,000 after buying an additional 1,330 shares in the last quarter. Blue Trust Inc. boosted its holdings in PagSeguro Digital by 13.0% in the 4th quarter. Blue Trust Inc. now owns 12,479 shares of the company’s stock worth $156,000 after buying an additional 1,438 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in PagSeguro Digital by 7.7% during the 3rd quarter. Principal Financial Group Inc. now owns 24,274 shares of the company’s stock worth $209,000 after buying an additional 1,745 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Stock Up 1.3 %

NYSE:PAGS traded up $0.17 on Monday, reaching $12.98. The company’s stock had a trading volume of 1,668,884 shares, compared to its average volume of 3,152,267. PagSeguro Digital Ltd. has a 12-month low of $6.93 and a 12-month high of $14.98. The stock has a 50 day moving average price of $13.19 and a 200 day moving average price of $11.75. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 0.69 and a beta of 1.82.

PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Wednesday, February 28th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. PagSeguro Digital had a net margin of 10.37% and a return on equity of 13.94%. The company had revenue of $877.60 million for the quarter, compared to analysts’ expectations of $786.91 million. Equities research analysts expect that PagSeguro Digital Ltd. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

PAGS has been the topic of a number of research analyst reports. Cantor Fitzgerald lifted their price target on PagSeguro Digital from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Barclays increased their target price on shares of PagSeguro Digital from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. The Goldman Sachs Group upgraded shares of PagSeguro Digital from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $7.40 to $13.80 in a research report on Monday, January 22nd. Evercore ISI upgraded shares of PagSeguro Digital from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $12.00 to $18.00 in a report on Tuesday, March 26th. Finally, New Street Research raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and raised their target price for the stock from $15.00 to $18.00 in a research note on Monday, March 18th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.20.

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.