Formula Growth Ltd. Has $4.40 Million Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Formula Growth Ltd. raised its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 702,987 shares of the company’s stock after purchasing an additional 72,130 shares during the quarter. PagSeguro Digital accounts for about 1.5% of Formula Growth Ltd.’s holdings, making the stock its 18th biggest holding. Formula Growth Ltd.’s holdings in PagSeguro Digital were worth $4,401,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC raised its holdings in PagSeguro Digital by 8.4% in the 4th quarter. Truvestments Capital LLC now owns 23,202 shares of the company’s stock valued at $145,000 after buying an additional 1,792 shares during the last quarter. LPL Financial LLC raised its stake in shares of PagSeguro Digital by 14.2% during the fourth quarter. LPL Financial LLC now owns 33,534 shares of the company’s stock valued at $210,000 after acquiring an additional 4,165 shares during the last quarter. Signaturefd LLC raised its stake in shares of PagSeguro Digital by 1,306.5% during the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company’s stock valued at $29,000 after acquiring an additional 4,233 shares during the last quarter. Virtu Financial LLC lifted its holdings in shares of PagSeguro Digital by 37.4% during the fourth quarter. Virtu Financial LLC now owns 15,672 shares of the company’s stock worth $98,000 after purchasing an additional 4,268 shares during the period. Finally, Xponance Inc. grew its stake in shares of PagSeguro Digital by 37.8% in the fourth quarter. Xponance Inc. now owns 17,105 shares of the company’s stock worth $107,000 after purchasing an additional 4,695 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Citigroup reaffirmed a “neutral” rating and set a $7.00 target price (down from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.63.

PagSeguro Digital Trading Up 1.6 %

Shares of PAGS opened at $8.54 on Friday. The firm’s fifty day simple moving average is $7.94 and its two-hundred day simple moving average is $7.60. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $14.82. The stock has a market capitalization of $2.82 billion, a P/E ratio of 7.06, a price-to-earnings-growth ratio of 0.51 and a beta of 1.85.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Friday, February 21st. The company reported $0.34 EPS 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 for the quarter, compared to analyst estimates of $872.66 million. As a group, research analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

About PagSeguro Digital

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.