Franklin Resources Inc. Purchases 283,013 Shares of PagSeguro Digital Ltd. $PAGS

Franklin Resources Inc. increased its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 263.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 390,372 shares of the company’s stock after buying an additional 283,013 shares during the period. Franklin Resources Inc.’s holdings in PagSeguro Digital were worth $3,763,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC bought a new stake in PagSeguro Digital in the 1st quarter worth approximately $59,603,000. Acadian Asset Management LLC grew its holdings in shares of PagSeguro Digital by 6.6% in the second quarter. Acadian Asset Management LLC now owns 7,831,041 shares of the company’s stock valued at $75,445,000 after purchasing an additional 485,575 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in PagSeguro Digital in the first quarter worth $2,198,000. JPMorgan Chase & Co. raised its stake in PagSeguro Digital by 15.3% during the second quarter. JPMorgan Chase & Co. now owns 1,718,588 shares of the company’s stock valued at $16,567,000 after purchasing an additional 228,633 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in PagSeguro Digital by 511.6% during the second quarter. Los Angeles Capital Management LLC now owns 256,082 shares of the company’s stock valued at $2,469,000 after purchasing an additional 214,211 shares during the last quarter. 45.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PAGS has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 4th. Susquehanna boosted their price target on PagSeguro Digital from $11.00 to $12.00 and gave the company a “positive” rating in a report on Friday, November 14th. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a report on Wednesday, October 8th. Bank of America raised PagSeguro Digital from a “neutral” rating to a “buy” rating and lifted their target price for the company from $10.00 to $13.00 in a research report on Friday, September 19th. Finally, Zacks Research downgraded PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.71.

PagSeguro Digital Stock Up 4.8%

PagSeguro Digital stock opened at $10.93 on Wednesday. The firm has a market cap of $3.60 billion, a P/E ratio of 8.47, a P/E/G ratio of 0.53 and a beta of 1.45. The business has a fifty day moving average of $9.54 and a two-hundred day moving average of $9.15. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $11.16.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $937.15 million during the quarter, compared to analyst estimates of $971.30 million. PagSeguro Digital had a return on equity of 15.39% and a net margin of 11.00%. Equities analysts expect that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Profile

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.