Pelham Global Financials Ltd. Reduces Stock Holdings in PagSeguro Digital Ltd (NYSE:PAGS)

Pelham Global Financials Ltd. lessened its holdings in shares of PagSeguro Digital Ltd (NYSE:PAGS) by 14.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 638,529 shares of the company’s stock after selling 104,500 shares during the period. PagSeguro Digital accounts for approximately 14.0% of Pelham Global Financials Ltd.’s holdings, making the stock its 3rd biggest position. Pelham Global Financials Ltd. owned 0.19% of PagSeguro Digital worth $24,883,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in PagSeguro Digital by 389.3% in the 1st quarter. Wells Fargo & Company MN now owns 2,118,103 shares of the company’s stock worth $63,225,000 after purchasing an additional 1,685,234 shares in the last quarter. Janus Henderson Group PLC boosted its stake in PagSeguro Digital by 22.2% in the 2nd quarter. Janus Henderson Group PLC now owns 8,226,841 shares of the company’s stock worth $320,599,000 after purchasing an additional 1,492,806 shares in the last quarter. Federated Investors Inc. PA boosted its stake in PagSeguro Digital by 15.1% in the 1st quarter. Federated Investors Inc. PA now owns 3,952,445 shares of the company’s stock worth $117,981,000 after purchasing an additional 519,146 shares in the last quarter. JGP Global Gestao de Recursos Ltda. bought a new position in PagSeguro Digital in the 2nd quarter worth about $16,562,000. Finally, Sagil Capital LLP boosted its stake in PagSeguro Digital by 200.0% in the 1st quarter. Sagil Capital LLP now owns 600,000 shares of the company’s stock worth $17,910,000 after purchasing an additional 400,000 shares in the last quarter.

PAGS traded up $5.02 during midday trading on Friday, hitting $51.54. 5,729,900 shares of the company traded hands, compared to its average volume of 2,435,596. The firm has a market capitalization of $15.01 billion, a PE ratio of 58.57, a price-to-earnings-growth ratio of 1.48 and a beta of 0.69. The company’s 50-day moving average is $44.26 and its 200 day moving average is $32.89. PagSeguro Digital Ltd has a 52 week low of $17.02 and a 52 week high of $53.43.

PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Tuesday, May 14th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.76. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. PagSeguro Digital had a net margin of 23.00% and a return on equity of 18.15%. The business’s quarterly revenue was up 34.8% compared to the same quarter last year. On average, analysts expect that PagSeguro Digital Ltd will post 1.17 EPS for the current year.

A number of brokerages recently issued reports on PAGS. Evercore ISI began coverage on shares of PagSeguro Digital in a research note on Tuesday, July 16th. They issued an “outperform” rating on the stock. Deutsche Bank upped their target price on shares of PagSeguro Digital from $40.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Credit Suisse Group upgraded shares of PagSeguro Digital from an “underperform” rating to a “neutral” rating in a research note on Monday, July 22nd. KeyCorp upped their target price on shares of PagSeguro Digital from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday. Finally, HSBC initiated coverage on shares of PagSeguro Digital in a research note on Tuesday, May 7th. They set a “reduce” rating and a $24.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $40.44.

About PagSeguro Digital

PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end 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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.

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Institutional Ownership by Quarter for PagSeguro Digital (NYSE:PAGS)

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