Federated Hermes Inc. Has $33.04 Million Stock Holdings in StoneCo Ltd. $STNE

Federated Hermes Inc. lifted its position in shares of StoneCo Ltd. (NASDAQ:STNE) by 16.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,747,289 shares of the company’s stock after buying an additional 245,393 shares during the quarter. Federated Hermes Inc.’s holdings in StoneCo were worth $33,041,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Signaturefd LLC increased its position in StoneCo by 10.2% during the second quarter. Signaturefd LLC now owns 8,492 shares of the company’s stock worth $136,000 after acquiring an additional 784 shares during the period. Exchange Traded Concepts LLC boosted its holdings in StoneCo by 0.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 220,874 shares of the company’s stock valued at $4,177,000 after purchasing an additional 978 shares during the period. PNC Financial Services Group Inc. grew its position in shares of StoneCo by 13.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,577 shares of the company’s stock worth $154,000 after purchasing an additional 1,104 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of StoneCo by 6.6% during the second quarter. Neuberger Berman Group LLC now owns 18,399 shares of the company’s stock worth $295,000 after purchasing an additional 1,140 shares during the period. Finally, Richardson Financial Services Inc. increased its holdings in shares of StoneCo by 64.2% during the third quarter. Richardson Financial Services Inc. now owns 2,943 shares of the company’s stock worth $56,000 after purchasing an additional 1,151 shares during the period. Institutional investors own 73.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. UBS Group cut their price target on StoneCo from $20.00 to $19.50 and set a “buy” rating for the company in a research note on Wednesday. Santander cut StoneCo from an “outperform” rating to a “neutral” rating in a report on Thursday. Zacks Research downgraded StoneCo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of StoneCo in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group decreased their price target on StoneCo from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.86.

StoneCo Stock Down 3.5%

NASDAQ STNE opened at $16.14 on Friday. The business has a fifty day moving average price of $15.21 and a two-hundred day moving average price of $16.15. The stock has a market capitalization of $4.62 billion, a PE ratio of -29.89, a PEG ratio of 0.29 and a beta of 1.83. StoneCo Ltd. has a fifty-two week low of $8.64 and a fifty-two week high of $19.95. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 1.43.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. StoneCo had a positive return on equity of 20.18% and a negative net margin of 7.28%.The company had revenue of $669.49 million during the quarter, compared to analysts’ expectations of $669.81 million. Equities analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

StoneCo Company Profile

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil’s retail, restaurant and services sectors.