PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by Cohen Capital Management Inc.

Cohen Capital Management Inc. lessened its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 36.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,904 shares of the company’s stock after selling 12,605 shares during the period. Cohen Capital Management Inc.’s holdings in PagSeguro Digital were worth $137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SPX Gestao de Recursos Ltda purchased a new stake in shares of PagSeguro Digital in the 3rd quarter valued at $38,151,000. State Street Corp grew its position in PagSeguro Digital by 50.8% in the 3rd quarter. State Street Corp now owns 5,908,054 shares of the company’s stock valued at $50,868,000 after acquiring an additional 1,990,849 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in PagSeguro Digital by 26.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock worth $47,168,000 after purchasing an additional 1,144,590 shares during the period. Geode Capital Management LLC lifted its position in shares of PagSeguro Digital by 49.1% during the third quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company’s stock worth $29,014,000 after purchasing an additional 1,113,103 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of PagSeguro Digital by 101.4% in the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company’s stock valued at $17,091,000 after purchasing an additional 999,237 shares during the period. Hedge funds and other institutional investors own 45.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PAGS shares. The Goldman Sachs Group cut their target price on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. KeyCorp raised PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. Susquehanna decreased their target price on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a report on Monday, November 18th. JPMorgan Chase & Co. cut their price target on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, Citigroup reiterated a “neutral” rating and issued a $7.00 price objective (down previously from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.18.

PagSeguro Digital Stock Performance

Shares of NYSE PAGS opened at $8.04 on Friday. The stock’s 50-day simple moving average is $6.96 and its 200-day simple moving average is $8.37. The firm has a market capitalization of $2.65 billion, a PE ratio of 6.64, a price-to-earnings-growth ratio of 0.51 and a beta of 1.95. PagSeguro Digital Ltd. has a fifty-two week low of $6.11 and a fifty-two week high of $14.98.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Friday, February 21st. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. The company had revenue of $875.27 million for the quarter, compared to analyst estimates of $872.66 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. On average, sell-side analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

PagSeguro Digital Company 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.