Zurcher Kantonalbank Zurich Cantonalbank Acquires Shares of 42,009 PagSeguro Digital Ltd. (NYSE:PAGS)

Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 42,009 shares of the company’s stock, valued at approximately $362,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in PagSeguro Digital by 6.5% in the first quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company’s stock valued at $21,496,000 after purchasing an additional 92,026 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of PagSeguro Digital by 14.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,702 shares of the company’s stock valued at $810,000 after acquiring an additional 7,285 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of PagSeguro Digital by 20.1% in the 2nd quarter. Park Avenue Securities LLC now owns 48,618 shares of the company’s stock valued at $568,000 after acquiring an additional 8,139 shares during the period. SG Americas Securities LLC boosted its stake in PagSeguro Digital by 1,136.0% during the 2nd quarter. SG Americas Securities LLC now owns 208,763 shares of the company’s stock worth $2,440,000 after acquiring an additional 191,873 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in PagSeguro Digital by 26.8% in the second quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock valued at $79,000 after purchasing an additional 1,421 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Trading Down 3.4 %

PagSeguro Digital stock opened at $7.11 on Monday. The company has a market capitalization of $2.34 billion, a PE ratio of 5.88, a P/E/G ratio of 0.38 and a beta of 1.92. The stock has a 50-day moving average price of $8.05 and a two-hundred day moving average price of $10.38. PagSeguro Digital Ltd. has a 12 month low of $7.08 and a 12 month high of $14.98.

Analysts Set New Price Targets

Several research firms have recently weighed in on PAGS. Morgan Stanley reiterated an “underweight” rating and issued a $6.50 price target (down previously from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. KeyCorp upgraded PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. Itau BBA Securities lowered PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target on the stock. in a report on Tuesday, October 1st. The Goldman Sachs Group dropped their target price on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $14.36.

PagSeguro Digital Profile

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.