Ruffer LLP Invests $4.25 Million in PagSeguro Digital Ltd. (NYSE:PAGS)

Ruffer LLP purchased a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) during the 4th quarter, Holdings Channel.com reports. The firm purchased 678,261 shares of the company’s stock, valued at approximately $4,246,000.

Other institutional investors have also modified their holdings of the company. Edgestream Partners L.P. boosted its holdings in PagSeguro Digital by 14.1% during the fourth quarter. Edgestream Partners L.P. now owns 232,523 shares of the company’s stock worth $1,456,000 after buying an additional 28,779 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in PagSeguro Digital in the fourth quarter valued at approximately $448,000. Inceptionr LLC grew its stake in shares of PagSeguro Digital by 183.7% in the fourth quarter. Inceptionr LLC now owns 73,420 shares of the company’s stock valued at $460,000 after buying an additional 47,541 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of PagSeguro Digital during the fourth quarter valued at about $79,000. Finally, Bellecapital International Ltd. increased its position in shares of PagSeguro Digital by 37.1% in the 4th quarter. Bellecapital International Ltd. now owns 319,221 shares of the company’s stock worth $1,998,000 after purchasing an additional 86,402 shares during the last quarter. 45.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. The Goldman Sachs Group cut their target price on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. JPMorgan Chase & Co. cut their price objective on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. KeyCorp upgraded PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Susquehanna decreased their price target on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a research note on Monday, November 18th. Finally, Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, PagSeguro Digital has an average rating of “Moderate Buy” and a consensus price target of $12.90.

PagSeguro Digital Stock Performance

NYSE:PAGS opened at $7.53 on Friday. The stock has a fifty day moving average price of $7.18 and a 200-day moving average price of $7.98. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 6.22, a PEG ratio of 0.51 and a beta of 2.04. PagSeguro Digital Ltd. has a fifty-two week low of $6.11 and a fifty-two week high of $14.82.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The company had revenue of $875.27 million during the quarter, compared to analysts’ expectations of $872.66 million. Research analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Company 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.