Farringdon Capital Ltd. Invests $109,000 in PagSeguro Digital Ltd. (NYSE:PAGS)

Farringdon Capital Ltd. acquired a new stake in PagSeguro Digital Ltd. (NYSE:PAGS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,489 shares of the company’s stock, valued at approximately $109,000.

Several other large investors have also recently added to or reduced their stakes in the business. SPX Gestao de Recursos Ltda acquired a new position in shares of PagSeguro Digital in the third quarter worth $38,151,000. Marshall Wace LLP raised its position in PagSeguro Digital by 307.4% in the 4th quarter. Marshall Wace LLP now owns 4,459,616 shares of the company’s stock valued at $27,917,000 after purchasing an additional 3,364,926 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of PagSeguro Digital by 49.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company’s stock valued at $29,014,000 after buying an additional 1,113,103 shares during the period. Contrarius Group Holdings Ltd acquired a new position in shares of PagSeguro Digital during the fourth quarter worth about $6,822,000. Finally, JPMorgan Chase & Co. increased its stake in shares of PagSeguro Digital by 101.4% during the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company’s stock worth $17,091,000 after buying an additional 999,237 shares during the period. 45.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Citigroup reiterated a “neutral” rating and set a $7.00 price target (down previously from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. One investment 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 data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.63.

PagSeguro Digital Stock Performance

Shares of PAGS stock opened at $8.54 on Friday. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $14.82. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 7.06, a PEG ratio of 0.51 and a beta of 1.85. The stock’s 50-day moving average is $7.94 and its two-hundred day moving average is $7.60.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Friday, February 21st. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The company had revenue of $875.27 million for the quarter, compared to analyst estimates of $872.66 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. As a group, research analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS 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.