PagSeguro Digital Ltd (PAGS) Holdings Lifted by Sei Investments Co.

Sei Investments Co. grew its position in PagSeguro Digital Ltd (NYSE:PAGS) by 1,055.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,466,979 shares of the company’s stock after purchasing an additional 1,340,052 shares during the period. Sei Investments Co. owned approximately 1.19% of PagSeguro Digital worth $40,709,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westfield Capital Management Co. LP bought a new position in PagSeguro Digital in the 1st quarter worth about $253,000. JPMorgan Chase & Co. bought a new position in PagSeguro Digital in the 1st quarter worth about $270,000. Quadrature Capital Ltd bought a new position in PagSeguro Digital in the 1st quarter worth about $275,000. Gerber Kawasaki Wealth & Investment Management bought a new position in PagSeguro Digital in the 1st quarter worth about $278,000. Finally, Hilltop Holdings Inc. bought a new position in PagSeguro Digital in the 1st quarter worth about $283,000. Hedge funds and other institutional investors own 93.38% of the company’s stock.

PagSeguro Digital stock opened at $28.59 on Friday. The company has a market capitalization of $3.32 billion and a PE ratio of 50.16. PagSeguro Digital Ltd has a 12-month low of $24.57 and a 12-month high of $39.97.

Several research firms have commented on PAGS. Credit Suisse Group restated an “underperform” rating and issued a $34.00 target price on shares of PagSeguro Digital in a research report on Tuesday, June 19th. Zacks Investment Research cut shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Thursday, June 14th. KeyCorp began coverage on shares of PagSeguro Digital in a report on Friday, April 13th. They issued an “overweight” rating and a $42.00 price objective for the company. Itau BBA Securities began coverage on shares of PagSeguro Digital in a report on Friday, July 27th. They issued an “outperform” rating and a $37.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their price objective on shares of PagSeguro Digital from $35.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, May 31st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $36.83.

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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