56,464 Shares in PagSeguro Digital Ltd. $PAGS Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC purchased a new stake in PagSeguro Digital Ltd. (NYSE:PAGS) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 56,464 shares of the company’s stock, valued at approximately $566,000.

Several other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its stake in PagSeguro Digital by 108.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,610,914 shares of the company’s stock worth $63,729,000 after buying an additional 3,435,211 shares in the last quarter. Maple Rock Capital Partners Inc. acquired a new position in shares of PagSeguro Digital during the third quarter valued at approximately $28,011,000. Jacobs Levy Equity Management Inc. lifted its position in shares of PagSeguro Digital by 5,302.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,156,848 shares of the company’s stock valued at $21,568,000 after acquiring an additional 2,116,925 shares in the last quarter. Orbis Allan Gray Ltd purchased a new position in shares of PagSeguro Digital in the second quarter valued at approximately $20,106,000. Finally, Jain Global LLC purchased a new position in shares of PagSeguro Digital in the fourth quarter valued at approximately $17,424,000. 45.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PagSeguro Digital

In related news, Director Alexandre Mr Magnani sold 200,000 shares of PagSeguro Digital stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $11.26, for a total transaction of $2,252,000.00. Following the transaction, the director owned 607,390 shares in the company, valued at approximately $6,839,211.40. This trade represents a 24.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PAGS. Autonomous Res cut PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. decreased their price objective on PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Finally, Wall Street Zen cut shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.00.

PagSeguro Digital Trading Up 0.2%

PAGS stock opened at $9.14 on Friday. The firm has a 50-day moving average of $9.24 and a two-hundred day moving average of $9.98. PagSeguro Digital Ltd. has a 12 month low of $7.74 and a 12 month high of $12.32. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 6.72, a PEG ratio of 0.36 and a beta of 1.32.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Wednesday, May 13th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). The company had revenue of $642.01 million for the quarter, compared to analyst estimates of $952.64 million. PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%. As a group, equities analysts forecast that PagSeguro Digital Ltd. will post 1.7 earnings per share for the current year.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.