Avantax Advisory Services Inc. Has $66,000 Holdings in PagSeguro Digital Ltd. (NYSE:PAGS)

Avantax Advisory Services Inc. reduced its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 25.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,475 shares of the company’s stock after selling 3,666 shares during the period. Avantax Advisory Services Inc.’s holdings in PagSeguro Digital were worth $66,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC grew its position in PagSeguro Digital by 8.4% during the fourth quarter. Truvestments Capital LLC now owns 23,202 shares of the company’s stock valued at $145,000 after buying an additional 1,792 shares during the period. HighTower Advisors LLC bought a new position in shares of PagSeguro Digital during the 4th quarter valued at approximately $348,000. Ruffer LLP purchased a new stake in shares of PagSeguro Digital during the 4th quarter worth approximately $4,246,000. Edgestream Partners L.P. raised its holdings in shares of PagSeguro Digital by 14.1% in the 4th quarter. Edgestream Partners L.P. now owns 232,523 shares of the company’s stock worth $1,456,000 after purchasing an additional 28,779 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new position in PagSeguro Digital in the fourth quarter valued at approximately $448,000. 45.88% of the stock is owned by hedge funds and other institutional investors.

PagSeguro Digital Stock Performance

PagSeguro Digital stock opened at $8.15 on Friday. PagSeguro Digital Ltd. has a fifty-two week low of $6.11 and a fifty-two week high of $14.82. The stock’s 50 day simple moving average is $7.61 and its two-hundred day simple moving average is $7.71. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 0.51 and a beta of 2.04.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Friday, February 21st. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The business had revenue of $875.27 million for the quarter, compared to analyst estimates of $872.66 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. On average, analysts predict that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

Analyst Ratings Changes

PAGS has been the topic of several research reports. Citigroup reissued a “neutral” rating and issued a $7.00 price target (down previously from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. decreased their price objective on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, PagSeguro Digital currently has a consensus rating of “Hold” and an average price target of $11.63.

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.