14B Captial Management LP Sells 567,000 Shares of PagSeguro Digital Ltd. $PAGS

14B Captial Management LP cut its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 43.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 728,000 shares of the company’s stock after selling 567,000 shares during the quarter. PagSeguro Digital accounts for 5.6% of 14B Captial Management LP’s investment portfolio, making the stock its 5th biggest holding. 14B Captial Management LP’s holdings in PagSeguro Digital were worth $7,018,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in PAGS. Unison Advisors LLC raised its position in shares of PagSeguro Digital by 1.3% during the fourth quarter. Unison Advisors LLC now owns 75,921 shares of the company’s stock worth $732,000 after purchasing an additional 995 shares during the period. GAMMA Investing LLC raised its position in shares of PagSeguro Digital by 37.0% during the fourth quarter. GAMMA Investing LLC now owns 4,626 shares of the company’s stock worth $45,000 after purchasing an additional 1,249 shares during the period. Mariner LLC raised its position in shares of PagSeguro Digital by 6.0% during the fourth quarter. Mariner LLC now owns 26,406 shares of the company’s stock worth $255,000 after purchasing an additional 1,488 shares during the period. Handelsbanken Fonder AB raised its position in shares of PagSeguro Digital by 4.4% during the fourth quarter. Handelsbanken Fonder AB now owns 42,628 shares of the company’s stock worth $411,000 after purchasing an additional 1,800 shares during the period. Finally, Citigroup Inc. grew its holdings in PagSeguro Digital by 0.5% during the third quarter. Citigroup Inc. now owns 386,890 shares of the company’s stock worth $3,869,000 after buying an additional 2,027 shares in the last quarter. 45.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PagSeguro Digital

In related news, Director Alexandre Mr Magnani sold 200,000 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $11.26, for a total transaction of $2,252,000.00. Following the sale, the director owned 607,390 shares of the company’s stock, valued at approximately $6,839,211.40. This represents a 24.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Luis Frias purchased 498,500 shares of the stock in a transaction on Friday, March 27th. The stock was acquired at an average cost of $9.96 per share, for a total transaction of $4,965,060.00. Following the acquisition, the director owned 2,673,605 shares in the company, valued at approximately $26,629,105.80. This represents a 22.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Autonomous Res downgraded PagSeguro Digital from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Wall Street Zen downgraded PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. decreased their price target on PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of PagSeguro Digital in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.00.

PagSeguro Digital Stock Performance

PAGS stock opened at $8.91 on Thursday. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 6.55, a PEG ratio of 0.36 and a beta of 1.33. PagSeguro Digital Ltd. has a fifty-two week low of $7.74 and a fifty-two week high of $12.32. The stock has a fifty day moving average of $9.73 and a 200-day moving average of $10.09.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). The firm had revenue of $642.01 million for the quarter, compared to the consensus estimate of $952.64 million. PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%. Equities analysts predict that PagSeguro Digital Ltd. will post 1.7 EPS for the current year.

About PagSeguro Digital

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.