Olympiad Research LP Decreases Stock Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Olympiad Research LP reduced its position in PagSeguro Digital Ltd. (NYSE:PAGSFree Report) by 24.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 22,071 shares of the company’s stock after selling 7,234 shares during the period. Olympiad Research LP’s holdings in PagSeguro Digital were worth $275,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PAGS. Nisa Investment Advisors LLC grew its position in PagSeguro Digital by 34.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company’s stock worth $64,000 after acquiring an additional 1,330 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in PagSeguro Digital by 48.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,809 shares of the company’s stock valued at $67,000 after buying an additional 2,560 shares during the period. Canton Hathaway LLC bought a new stake in PagSeguro Digital in the fourth quarter worth $69,000. Principal Securities Inc. purchased a new position in PagSeguro Digital during the fourth quarter worth $69,000. Finally, Neo Ivy Capital Management bought a new position in PagSeguro Digital during the third quarter valued at $100,000. Hedge funds and other institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Price Performance

PagSeguro Digital stock traded up $0.31 during trading hours on Thursday, reaching $11.95. The stock had a trading volume of 582,792 shares, compared to its average volume of 3,065,788. PagSeguro Digital Ltd. has a 52 week low of $6.93 and a 52 week high of $14.98. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 0.57 and a beta of 1.82. The business’s 50 day moving average price is $12.88 and its 200-day moving average price is $12.38.

PagSeguro Digital (NYSE:PAGSGet Free Report) 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. The company had revenue of $877.60 million during the quarter, compared to analysts’ expectations of $786.91 million. PagSeguro Digital had a net margin of 10.70% and a return on equity of 14.51%. On average, sell-side analysts forecast that PagSeguro Digital Ltd. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PAGS shares. Evercore ISI raised shares of PagSeguro Digital from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $12.00 to $18.00 in a research note on Tuesday, March 26th. Citigroup increased their price target on PagSeguro Digital from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Cantor Fitzgerald boosted their price objective on PagSeguro Digital from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Barclays raised their price target on shares of PagSeguro Digital from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Finally, New Street Research raised PagSeguro Digital from a “neutral” rating to a “buy” rating and increased their price target for the stock from $15.00 to $18.00 in a research report on Monday, March 18th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.20.

Check Out Our Latest Analysis on PagSeguro Digital

PagSeguro Digital Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding PAGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PagSeguro Digital Ltd. (NYSE:PAGSFree Report).

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

Receive News & Ratings for PagSeguro Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PagSeguro Digital and related companies with MarketBeat.com's FREE daily email newsletter.