PagSeguro Digital Ltd (NYSE:PAGS) Shares Sold by WCM Investment Management CA

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WCM Investment Management CA decreased its holdings in PagSeguro Digital Ltd (NYSE:PAGS) by 58.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 145,662 shares of the company’s stock after selling 203,433 shares during the quarter. WCM Investment Management CA owned 0.12% of PagSeguro Digital worth $4,042,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Partner Investment Management L.P. lifted its position in shares of PagSeguro Digital by 76.1% during the 2nd quarter. Partner Investment Management L.P. now owns 8,981 shares of the company’s stock worth $249,000 after buying an additional 3,880 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in shares of PagSeguro Digital by 84.9% during the 2nd quarter. Pinnacle Associates Ltd. now owns 12,525 shares of the company’s stock worth $348,000 after buying an additional 5,750 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of PagSeguro Digital in the 1st quarter valued at $253,000. Cubist Systematic Strategies LLC acquired a new position in shares of PagSeguro Digital in the 2nd quarter valued at $191,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of PagSeguro Digital in the 1st quarter valued at $270,000.

Shares of NYSE PAGS traded up $0.55 during trading on Friday, hitting $27.01. 2,210,667 shares of the company were exchanged, compared to its average volume of 3,058,472. The firm has a market capitalization of $3.41 billion and a P/E ratio of 47.39. PagSeguro Digital Ltd has a 1 year low of $24.57 and a 1 year high of $39.97.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Thursday, August 30th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. The company had revenue of $279.20 million for the quarter, compared to analysts’ expectations of $248.46 million. As a group, equities research analysts forecast that PagSeguro Digital Ltd will post 0.8 earnings per share for the current year.

PAGS has been the topic of a number of recent research reports. Zacks Investment Research cut shares of PagSeguro Digital from a “hold” rating to a “sell” rating in a report on Thursday, August 16th. ValuEngine raised shares of PagSeguro Digital from a “hold” rating to a “buy” rating in a report on Wednesday, October 3rd. Deutsche Bank cut their target price on shares of PagSeguro Digital from $47.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, August 31st. Itau BBA Securities initiated coverage on shares of PagSeguro Digital in a research note on Friday, July 27th. They issued an “outperform” rating and a $37.00 price objective on the stock. Finally, Credit Suisse Group reissued an “underperform” rating and issued a $34.00 price objective on shares of PagSeguro Digital in a research note on Tuesday, June 19th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $36.25.

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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