PagSeguro Digital Ltd. (NYSE:PAGS) Stock Holdings Decreased by Bayesian Capital Management LP

Bayesian Capital Management LP lowered its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 47.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 57,401 shares of the company’s stock after selling 51,200 shares during the period. Bayesian Capital Management LP’s holdings in PagSeguro Digital were worth $820,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of PagSeguro Digital during the 4th quarter valued at about $54,522,000. SPX Gestao de Recursos Ltda grew its position in shares of PagSeguro Digital by 247.4% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 3,759,906 shares of the company’s stock valued at $46,886,000 after buying an additional 2,677,659 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of PagSeguro Digital by 246.4% during the 1st quarter. Acadian Asset Management LLC now owns 1,808,697 shares of the company’s stock valued at $25,811,000 after buying an additional 1,286,490 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of PagSeguro Digital by 9.0% during the 4th quarter. Point72 Asset Management L.P. now owns 10,924,410 shares of the company’s stock valued at $136,227,000 after buying an additional 906,510 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of PagSeguro Digital by 95.2% during the 1st quarter. Russell Investments Group Ltd. now owns 1,281,587 shares of the company’s stock valued at $18,316,000 after buying an additional 625,023 shares during the last quarter. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Price Performance

Shares of NYSE PAGS traded down $0.37 during trading hours on Tuesday, hitting $12.70. 1,921,592 shares of the stock were exchanged, compared to its average volume of 3,069,121. The company’s 50 day moving average is $12.23 and its 200 day moving average is $12.79. The firm has a market capitalization of $4.19 billion, a P/E ratio of 11.77, a P/E/G ratio of 0.56 and a beta of 1.92. PagSeguro Digital Ltd. has a one year low of $6.93 and a one year high of $14.98.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Friday, May 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $869.86 million during the quarter, compared to the consensus estimate of $679.16 million. PagSeguro Digital had a net margin of 10.70% and a return on equity of 14.51%. Research analysts anticipate that PagSeguro Digital Ltd. will post 1.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on PAGS. Barclays boosted their target price on shares of PagSeguro Digital from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. The Goldman Sachs Group raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Wednesday, June 26th. JPMorgan Chase & Co. boosted their target price on shares of PagSeguro Digital from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. Finally, UBS Group reduced their target price on shares of PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a research note on Monday, July 8th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.44.

PagSeguro Digital 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.