Gladstone Capital Management LLP Takes $5.72 Million Position in PagSeguro Digital Ltd (NYSE:PAGS)

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Gladstone Capital Management LLP bought a new stake in PagSeguro Digital Ltd (NYSE:PAGS) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 146,701 shares of the company’s stock, valued at approximately $5,717,000. PagSeguro Digital makes up 1.6% of Gladstone Capital Management LLP’s investment portfolio, making the stock its 9th biggest position.

Other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC raised its stake in PagSeguro Digital by 0.8% during the second quarter. Commonwealth Equity Services LLC now owns 73,492 shares of the company’s stock worth $2,863,000 after acquiring an additional 616 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in PagSeguro Digital during the first quarter worth about $28,000. Marshall Wace LLP acquired a new stake in PagSeguro Digital during the first quarter worth about $60,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in PagSeguro Digital during the second quarter worth about $79,000. Finally, Catamount Wealth Management acquired a new stake in PagSeguro Digital during the first quarter worth about $66,000.

PAGS has been the topic of several research reports. Cantor Fitzgerald initiated coverage on shares of PagSeguro Digital in a research note on Friday, June 28th. They set an “overweight” rating and a $41.00 price objective on the stock. KeyCorp increased their price objective on shares of PagSeguro Digital from $36.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. They noted that the move was a valuation call. Credit Suisse Group upgraded shares of PagSeguro Digital from an “underperform” rating to a “neutral” rating in a research note on Monday, July 22nd. ValuEngine lowered shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research lowered shares of PagSeguro Digital from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $39.89.

Shares of NYSE:PAGS opened at $46.80 on Wednesday. The company has a 50 day moving average price of $43.65. PagSeguro Digital Ltd has a 52 week low of $17.02 and a 52 week high of $48.88. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of 53.18, a P/E/G ratio of 1.48 and a beta of 0.69.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.25 by $0.76. PagSeguro Digital had a net margin of 23.00% and a return on equity of 18.15%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. The business’s revenue was up 34.8% compared to the same quarter last year. Analysts anticipate that PagSeguro Digital Ltd will post 1.17 EPS for the current fiscal year.

About PagSeguro Digital

PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end 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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.

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Institutional Ownership by Quarter for PagSeguro Digital (NYSE:PAGS)

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