GAM Holding AG acquired a new stake in shares of PagSeguro Digital Ltd (NYSE:PAGS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 19,595 shares of the company’s stock, valued at approximately $585,000.
Several other large investors also recently made changes to their positions in the stock. Federated Investors Inc. PA increased its stake in PagSeguro Digital by 15.1% in the first quarter. Federated Investors Inc. PA now owns 3,952,445 shares of the company’s stock worth $117,981,000 after purchasing an additional 519,146 shares during the period. Nvwm LLC grew its position in shares of PagSeguro Digital by 48,520.0% during the 1st quarter. Nvwm LLC now owns 9,724 shares of the company’s stock worth $290,000 after buying an additional 9,704 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of PagSeguro Digital during the 1st quarter worth $322,000. Envestnet Asset Management Inc. bought a new position in shares of PagSeguro Digital during the 1st quarter worth $360,000. Finally, Wells Fargo & Company MN grew its position in shares of PagSeguro Digital by 389.3% during the 1st quarter. Wells Fargo & Company MN now owns 2,118,103 shares of the company’s stock worth $63,225,000 after buying an additional 1,685,234 shares in the last quarter.
A number of equities analysts have recently issued reports on the company. KeyCorp increased their price target on PagSeguro Digital from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. ValuEngine raised PagSeguro Digital from a “hold” rating to a “buy” rating in a research report on Friday, June 7th. Guggenheim raised PagSeguro Digital from a “neutral” rating to a “buy” rating in a research report on Thursday, May 16th. Goldman Sachs Group assumed coverage on PagSeguro Digital in a research report on Monday. They set a “buy” rating and a $40.00 price target on the stock. Finally, Zacks Investment Research downgraded PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $32.47.
Shares of PAGS stock opened at $36.23 on Thursday. PagSeguro Digital Ltd has a 1-year low of $17.02 and a 1-year high of $37.06. The stock has a market cap of $11.92 billion, a P/E ratio of 41.17, a P/E/G ratio of 1.15 and a beta of 0.36.
PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.76. PagSeguro Digital had a return on equity of 18.15% and a net margin of 23.00%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. The company’s revenue was up 34.8% on a year-over-year basis. On average, equities analysts expect that PagSeguro Digital Ltd will post 1.16 EPS for the current year.
PagSeguro Digital Profile
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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