Truvestments Capital LLC Boosts Holdings in PagSeguro Digital Ltd. (NYSE:PAGS)

Truvestments Capital LLC grew its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 8.4% during the 4th quarter, HoldingsChannel reports. The fund owned 23,202 shares of the company’s stock after acquiring an additional 1,792 shares during the quarter. Truvestments Capital LLC’s holdings in PagSeguro Digital were worth $145,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. HighTower Advisors LLC purchased a new position in shares of PagSeguro Digital during the fourth quarter worth approximately $348,000. Ruffer LLP purchased a new position in shares of PagSeguro Digital in the fourth quarter worth $4,246,000. Edgestream Partners L.P. increased its stake in shares of PagSeguro Digital by 14.1% in the fourth quarter. Edgestream Partners L.P. now owns 232,523 shares of the company’s stock worth $1,456,000 after buying an additional 28,779 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of PagSeguro Digital in the fourth quarter worth $448,000. Finally, Inceptionr LLC increased its stake in shares of PagSeguro Digital by 183.7% in the fourth quarter. Inceptionr LLC now owns 73,420 shares of the company’s stock worth $460,000 after buying an additional 47,541 shares during the period. 45.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on PAGS. KeyCorp raised shares of PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Susquehanna decreased their target price on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a research note on Monday, November 18th. Bank of America reaffirmed a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Citigroup reaffirmed a “neutral” rating and issued a $7.00 target price (down from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.90.

PagSeguro Digital Trading Up 1.2 %

Shares of PAGS stock opened at $7.40 on Thursday. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $14.82. The stock has a market cap of $2.44 billion, a PE ratio of 6.11, a price-to-earnings-growth ratio of 0.51 and a beta of 2.04. The company’s fifty day moving average price is $7.23 and its 200-day moving average price is $7.88.

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

About PagSeguro Digital

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.