Sei Investments Co. Has $6.12 Million Stake in PagSeguro Digital Ltd. $PAGS

Sei Investments Co. grew its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 168.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 611,057 shares of the company’s stock after acquiring an additional 383,452 shares during the quarter. Sei Investments Co.’s holdings in PagSeguro Digital were worth $6,123,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of PAGS. Caitong International Asset Management Co. Ltd lifted its holdings in shares of PagSeguro Digital by 77.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock valued at $40,000 after purchasing an additional 1,821 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in PagSeguro Digital during the 4th quarter worth approximately $45,000. Meeder Asset Management Inc. acquired a new stake in PagSeguro Digital during the 4th quarter worth approximately $53,000. Osaic Holdings Inc. lifted its stake in PagSeguro Digital by 93.4% in the second quarter. Osaic Holdings Inc. now owns 7,891 shares of the company’s stock valued at $76,000 after buying an additional 3,810 shares in the last quarter. Finally, CWM LLC lifted its stake in PagSeguro Digital by 50.4% in the fourth quarter. CWM LLC now owns 7,902 shares of the company’s stock valued at $76,000 after buying an additional 2,647 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Stock Down 0.5%

Shares of PAGS stock opened at $9.60 on Tuesday. PagSeguro Digital Ltd. has a 12 month low of $7.85 and a 12 month high of $12.32. The company’s fifty day simple moving average is $9.11 and its 200-day simple moving average is $9.91. The firm has a market cap of $2.68 billion, a PE ratio of 7.06, a P/E/G ratio of 0.47 and a beta of 1.31.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). PagSeguro Digital had a net margin of 10.40% and a return on equity of 16.44%. The business had revenue of $642.01 million during the quarter, compared to analyst estimates of $952.64 million. On average, equities analysts predict that PagSeguro Digital Ltd. will post 1.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PAGS shares. Wall Street Zen downgraded shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings lowered shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. lowered their target price on PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Bank of America downgraded PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research note on Wednesday, July 15th. Finally, UBS Group reduced their price objective on PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating for the company in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $10.98.

Insider Buying and Selling at PagSeguro Digital

In other news, insider Da Silva Ricardo Dutra sold 25,000 shares of the firm’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $9.24, for a total value of $231,000.00. Following the completion of the transaction, the insider owned 25,000 shares in the company, valued at $231,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.