SG Americas Securities LLC Boosts Stock Position in PagSeguro Digital Ltd (NYSE:PAGS)

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SG Americas Securities LLC grew its stake in PagSeguro Digital Ltd (NYSE:PAGS) by 44.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,811 shares of the company’s stock after purchasing an additional 7,319 shares during the period. SG Americas Securities LLC’s holdings in PagSeguro Digital were worth $841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC grew its position in shares of PagSeguro Digital by 155.8% in the second quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock valued at $70,000 after purchasing an additional 1,218 shares in the last quarter. Bellecapital International Ltd. purchased a new stake in shares of PagSeguro Digital in the second quarter valued at approximately $276,000. Truewealth LLC grew its position in shares of PagSeguro Digital by 128.6% in the second quarter. Truewealth LLC now owns 3,200 shares of the company’s stock valued at $113,000 after purchasing an additional 1,800 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of PagSeguro Digital by 30.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,024 shares of the company’s stock valued at $213,000 after purchasing an additional 1,400 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of PagSeguro Digital in the second quarter valued at approximately $621,000. Institutional investors and hedge funds own 56.89% of the company’s stock.

PAGS has been the subject of several analyst reports. Guggenheim increased their price objective on PagSeguro Digital from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. KeyCorp increased their price objective on PagSeguro Digital from $20.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 27th. Goldman Sachs Group increased their price objective on PagSeguro Digital from $29.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. They noted that the move was a valuation call. Deutsche Bank increased their price objective on PagSeguro Digital from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Finally, TheStreet upgraded PagSeguro Digital from a “d+” rating to a “c” rating in a research report on Wednesday, June 10th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $42.78.

NYSE:PAGS opened at $38.23 on Friday. The stock’s fifty day moving average is $36.76 and its two-hundred day moving average is $30.24. PagSeguro Digital Ltd has a 52 week low of $13.58 and a 52 week high of $53.43. The stock has a market capitalization of $12.53 billion, a price-to-earnings ratio of 37.48 and a beta of 1.47.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Thursday, May 28th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.89. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.44 billion. PagSeguro Digital had a return on equity of 19.20% and a net margin of 23.40%. The firm’s revenue was up 26.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 earnings per share. As a group, equities analysts predict that PagSeguro Digital Ltd will post 0.86 earnings per share 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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