Price T Rowe Associates Inc. MD Acquires 4,662 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Price T Rowe Associates Inc. MD increased its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 6.8% during the 4th quarter, HoldingsChannel reports. The fund owned 72,915 shares of the company’s stock after buying an additional 4,662 shares during the period. Price T Rowe Associates Inc. MD’s holdings in PagSeguro Digital were worth $457,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PAGS. Signaturefd LLC lifted its stake in shares of PagSeguro Digital by 1,306.5% in the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company’s stock worth $29,000 after buying an additional 4,233 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of PagSeguro Digital in the fourth quarter worth approximately $66,000. Raymond James Financial Inc. bought a new position in shares of PagSeguro Digital in the fourth quarter worth approximately $79,000. Virtu Financial LLC lifted its stake in shares of PagSeguro Digital by 37.4% in the fourth quarter. Virtu Financial LLC now owns 15,672 shares of the company’s stock worth $98,000 after buying an additional 4,268 shares in the last quarter. Finally, Xponance Inc. lifted its stake in shares of PagSeguro Digital by 37.8% in the fourth quarter. Xponance Inc. now owns 17,105 shares of the company’s stock worth $107,000 after buying an additional 4,695 shares in the last quarter. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Stock Up 1.0%

PAGS opened at $9.85 on Wednesday. The firm has a 50 day moving average price of $8.59 and a 200-day moving average price of $7.76. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $14.82. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 0.51 and a beta of 1.70.

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

Wall Street Analyst Weigh In

PAGS has been the topic of several analyst reports. Citigroup upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and upped their target price for the stock from $7.00 to $10.00 in a research note on Tuesday, April 22nd. Barclays dropped their target price on shares of PagSeguro Digital from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, PagSeguro Digital presently has a consensus rating of “Moderate Buy” and an average price target of $11.88.

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.