ABS Direct Equity Fund LLC Buys Shares of 118,900 PagSeguro Digital Ltd. $PAGS

ABS Direct Equity Fund LLC bought a new position in PagSeguro Digital Ltd. (NYSE:PAGS) in the 1st quarter, HoldingsChannel reports. The fund bought 118,900 shares of the company’s stock, valued at approximately $1,191,000.

Several other large investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its holdings in PagSeguro Digital by 77.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock worth $40,000 after buying an additional 1,821 shares in the last quarter. GAMMA Investing LLC increased its holdings 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 valued at $45,000 after purchasing an additional 1,249 shares during the period. Atlas Capital Advisors Inc. acquired a new position in shares of PagSeguro Digital during the fourth quarter valued at $45,000. Meeder Asset Management Inc. bought a new stake in shares of PagSeguro Digital during the fourth quarter valued at about $53,000. Finally, CWM LLC raised its stake in shares of PagSeguro Digital by 50.4% during the fourth quarter. CWM LLC now owns 7,902 shares of the company’s stock valued at $76,000 after purchasing an additional 2,647 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

Wall Street Analyst Weigh In

PAGS has been the subject of a number of recent analyst reports. UBS Group decreased their target price on shares of PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating for the company in a research report on Friday, July 17th. JPMorgan Chase & Co. dropped their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. 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. Jefferies Financial Group assumed coverage on shares of PagSeguro Digital in a report on Thursday. They issued a “hold” rating and a $10.40 price objective for the company. Finally, Wall Street Zen lowered shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.98.

PagSeguro Digital Trading Up 0.2%

Shares of PagSeguro Digital stock opened at $9.21 on Monday. The company’s 50-day moving average price is $9.06 and its two-hundred day moving average price is $9.93. PagSeguro Digital Ltd. has a 52 week low of $7.74 and a 52 week high of $12.32. The stock has a market cap of $2.58 billion, a PE ratio of 6.78, a price-to-earnings-growth ratio of 0.45 and a beta of 1.32.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates 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 EPS for the current fiscal 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.