SEB Asset Management AB Buys New Shares in PagSeguro Digital Ltd. $PAGS

SEB Asset Management AB bought a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 282,102 shares of the company’s stock, valued at approximately $2,827,000.

A number of other large investors have also bought and sold shares of the stock. Unison Advisors LLC increased its stake in PagSeguro Digital by 1.3% in the fourth quarter. Unison Advisors LLC now owns 75,921 shares of the company’s stock valued at $732,000 after purchasing an additional 995 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of PagSeguro Digital by 37.0% during the 4th quarter. GAMMA Investing LLC now owns 4,626 shares of the company’s stock worth $45,000 after purchasing an additional 1,249 shares in the last quarter. DGS Capital Management LLC boosted its position in shares of PagSeguro Digital by 8.7% during the 4th quarter. DGS Capital Management LLC now owns 15,814 shares of the company’s stock worth $152,000 after purchasing an additional 1,271 shares in the last quarter. Mariner LLC grew its stake in shares of PagSeguro Digital by 6.0% in the 4th quarter. Mariner LLC now owns 26,406 shares of the company’s stock valued at $255,000 after buying an additional 1,488 shares during the period. Finally, Handelsbanken Fonder AB increased its position in PagSeguro Digital by 4.4% in the 4th quarter. Handelsbanken Fonder AB now owns 42,628 shares of the company’s stock valued at $411,000 after buying an additional 1,800 shares in the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Stock Performance

PAGS stock opened at $9.47 on Friday. The business has a 50-day simple moving average of $9.05 and a two-hundred day simple moving average of $9.94. The company has a market capitalization of $2.65 billion, a P/E ratio of 6.97, a price-to-earnings-growth ratio of 0.47 and a beta of 1.32. PagSeguro Digital Ltd. has a 52-week low of $7.74 and a 52-week high of $12.32.

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

Analyst Ratings Changes

Several research analysts have issued reports on PAGS shares. Bank of America lowered PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a report on Wednesday, July 15th. Wall Street Zen lowered PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Autonomous Res cut PagSeguro Digital from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. reduced their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Finally, Jefferies Financial Group assumed coverage on shares of PagSeguro Digital in a report on Thursday. They set a “hold” rating and a $10.40 price objective on the stock. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, PagSeguro Digital presently has a consensus rating of “Hold” and a consensus price target of $10.98.

About PagSeguro Digital

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.