Russell Investments Group Ltd. Purchases 495,850 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Russell Investments Group Ltd. grew its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 308.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 656,564 shares of the company’s stock after acquiring an additional 495,850 shares during the period. Russell Investments Group Ltd. owned about 0.20% of PagSeguro Digital worth $8,187,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PAGS. Xponance Inc. lifted its stake in PagSeguro Digital by 15.3% in the third quarter. Xponance Inc. now owns 13,345 shares of the company’s stock worth $115,000 after acquiring an additional 1,768 shares during the period. Bailard Inc. purchased a new stake in shares of PagSeguro Digital in the 3rd quarter worth about $129,000. Mackenzie Financial Corp boosted its stake in shares of PagSeguro Digital by 16.4% during the 3rd quarter. Mackenzie Financial Corp now owns 14,570 shares of the company’s stock valued at $118,000 after purchasing an additional 2,057 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of PagSeguro Digital by 48.8% during the third 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. Finally, Manhattan West Asset Management LLC raised its stake in PagSeguro Digital by 31.3% in the third quarter. Manhattan West Asset Management LLC now owns 96,775 shares of the company’s stock worth $833,000 after buying an additional 23,054 shares in the last quarter. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

PagSeguro Digital Stock Performance

Shares of PagSeguro Digital stock opened at $12.80 on Wednesday. The company has a 50-day simple moving average of $13.17 and a two-hundred day simple moving average of $11.83. PagSeguro Digital Ltd. has a 52-week low of $6.93 and a 52-week high of $14.98. The stock has a market capitalization of $4.22 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 0.69 and a beta of 1.82.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. The business had revenue of $877.60 million for the quarter, compared to analysts’ expectations of $786.91 million. PagSeguro Digital had a return on equity of 13.94% and a net margin of 10.37%. As a group, equities research analysts forecast that PagSeguro Digital Ltd. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

PAGS has been the topic of several research reports. Evercore ISI raised PagSeguro Digital from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $12.00 to $18.00 in a research report on Tuesday, March 26th. Citigroup upped their price target on PagSeguro Digital from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. The Goldman Sachs Group upgraded shares of PagSeguro Digital from a “sell” rating to a “neutral” rating and boosted their target price for the company from $7.40 to $13.80 in a report on Monday, January 22nd. Barclays increased 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 shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and boosted their price objective 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, PagSeguro Digital currently has a consensus rating of “Moderate Buy” and a consensus 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.