Signaturefd LLC Grows Stock Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Signaturefd LLC lifted its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 1,306.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,557 shares of the company’s stock after acquiring an additional 4,233 shares during the period. Signaturefd LLC’s holdings in PagSeguro Digital were worth $29,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of PAGS. Raymond James Financial Inc. purchased a new stake in PagSeguro Digital during the 4th quarter worth approximately $79,000. Point72 Hong Kong Ltd grew its holdings in shares of PagSeguro Digital by 34.6% during 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 during the last quarter. Virtu Financial LLC acquired a new position in shares of PagSeguro Digital in the 3rd quarter valued at $98,000. Cibc World Markets Corp purchased a new position in PagSeguro Digital in the 4th quarter worth $110,000. Finally, DGS Capital Management LLC acquired a new stake in PagSeguro Digital during the 3rd quarter worth about $113,000. Institutional investors and hedge funds own 45.88% of the company’s stock.

Analyst Upgrades and Downgrades

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

PagSeguro Digital Stock Performance

Shares of PagSeguro Digital stock opened at $8.27 on Wednesday. The firm has a 50-day simple moving average of $7.56 and a two-hundred day simple moving average of $7.70. PagSeguro Digital Ltd. has a fifty-two week low of $6.11 and a fifty-two week high of $14.82. The company has a market cap of $2.73 billion, a P/E ratio of 6.83, a price-to-earnings-growth ratio of 0.51 and a beta of 2.04.

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

PagSeguro Digital Company 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.