Charles Schwab Investment Management Inc. Cuts Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Charles Schwab Investment Management Inc. reduced its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 18.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 835,400 shares of the company’s stock after selling 190,220 shares during the period. Charles Schwab Investment Management Inc.’s holdings in PagSeguro Digital were worth $5,230,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC raised its holdings in PagSeguro Digital by 9.9% during the third quarter. Truvestments Capital LLC now owns 21,410 shares of the company’s stock worth $184,000 after purchasing an additional 1,923 shares during the last quarter. Point72 Hong Kong Ltd increased its position in shares of PagSeguro Digital by 34.6% in the third quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock valued at $93,000 after buying an additional 2,767 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of PagSeguro Digital by 28.5% during the 4th quarter. Sanctuary Advisors LLC now owns 25,422 shares of the company’s stock worth $159,000 after buying an additional 5,636 shares during the last quarter. Centiva Capital LP boosted its position in shares of PagSeguro Digital by 17.1% in the 3rd quarter. Centiva Capital LP now owns 42,042 shares of the company’s stock worth $362,000 after buying an additional 6,138 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in PagSeguro Digital by 2.3% in the 3rd quarter. Quantbot Technologies LP now owns 283,435 shares of the company’s stock valued at $2,440,000 after acquiring an additional 6,365 shares during the last quarter. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

PagSeguro Digital Stock Performance

Shares of PAGS opened at $8.27 on Wednesday. PagSeguro Digital Ltd. has a fifty-two week low of $6.11 and a fifty-two week high of $14.82. The stock has a fifty day moving average of $7.56 and a two-hundred day moving average of $7.70. The company has a market capitalization of $2.73 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 0.51 and a beta of 2.04.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Citigroup restated a “neutral” rating and set a $7.00 target price (down previously from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. JPMorgan Chase & Co. cut their price objective on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, Bank of America reiterated a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.33.

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.