Counterpoint Mutual Funds LLC Buys New Stake in PagSeguro Digital Ltd. $PAGS

Counterpoint Mutual Funds LLC acquired a new stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 56,464 shares of the company’s stock, valued at approximately $566,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its stake in shares of PagSeguro Digital by 108.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,610,914 shares of the company’s stock worth $63,729,000 after buying an additional 3,435,211 shares during the last quarter. Maple Rock Capital Partners Inc. purchased a new position in PagSeguro Digital during the third quarter valued at approximately $28,011,000. Jacobs Levy Equity Management Inc. lifted its holdings in PagSeguro Digital by 5,302.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,156,848 shares of the company’s stock valued at $21,568,000 after acquiring an additional 2,116,925 shares during the period. Orbis Allan Gray Ltd acquired a new position in PagSeguro Digital in the second quarter valued at approximately $20,106,000. Finally, Jain Global LLC purchased a new stake in PagSeguro Digital in the 4th quarter worth approximately $17,424,000. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Trading Up 0.2%

NYSE PAGS opened at $9.14 on Friday. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 6.72, a PEG ratio of 0.36 and a beta of 1.32. The stock has a 50-day moving average of $9.24 and a 200 day moving average of $9.98. PagSeguro Digital Ltd. has a twelve month low of $7.74 and a twelve month high of $12.32.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PAGS shares. JPMorgan Chase & Co. dropped their price objective on shares of PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Wall Street Zen cut shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Autonomous Res downgraded shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Finally, Weiss Ratings lowered shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.00.

Insider Activity

In related news, Director Alexandre Mr Magnani sold 200,000 shares of PagSeguro Digital stock in a transaction on Friday, April 17th. The shares were sold at an average price of $11.26, for a total value 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 trade represents a 24.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

PagSeguro Digital 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.