Contrarius Group Holdings Ltd Acquires New Shares in PagSeguro Digital Ltd. (NYSE:PAGS)

Contrarius Group Holdings Ltd acquired a new stake in PagSeguro Digital Ltd. (NYSE:PAGS) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,089,761 shares of the company’s stock, valued at approximately $6,822,000.

Several other institutional investors and hedge funds have also modified their holdings of PAGS. Signaturefd LLC lifted its stake in shares of PagSeguro Digital by 1,306.5% in the 4th quarter. Signaturefd LLC now owns 4,557 shares of the company’s stock valued at $29,000 after purchasing an additional 4,233 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of PagSeguro Digital in the 4th quarter valued at $79,000. Point72 Hong Kong Ltd lifted its stake in shares of PagSeguro Digital by 34.6% in the 3rd quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock valued at $93,000 after purchasing an additional 2,767 shares during the last quarter. Virtu Financial LLC acquired a new position in PagSeguro Digital during the 3rd quarter worth $98,000. Finally, Xponance Inc. lifted its position in PagSeguro Digital by 37.8% during the 4th quarter. Xponance Inc. now owns 17,105 shares of the company’s stock worth $107,000 after acquiring an additional 4,695 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PAGS shares. Citigroup reissued a “neutral” rating and set a $7.00 target price (down previously from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. JPMorgan Chase & Co. cut their target price on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.33.

PagSeguro Digital Stock Performance

Shares of PAGS opened at $8.54 on Thursday. The company has a 50-day simple moving average of $7.41 and a 200-day simple moving average of $7.78. The firm has a market capitalization of $2.81 billion, a P/E ratio of 7.05, a P/E/G ratio of 0.51 and a beta of 2.04. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.82.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Friday, February 21st. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $875.27 million during the quarter, compared to analyst estimates of $872.66 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. As a group, equities analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current 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.