Metis Global Partners LLC Has $1.80 Million Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Metis Global Partners LLC increased its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 11.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 209,439 shares of the company’s stock after purchasing an additional 21,643 shares during the quarter. Metis Global Partners LLC’s holdings in PagSeguro Digital were worth $1,803,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Aigen Investment Management LP acquired a new stake in PagSeguro Digital in the third quarter valued at approximately $432,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in PagSeguro Digital in the third quarter valued at approximately $3,246,000. GSA Capital Partners LLP raised its position in shares of PagSeguro Digital by 88.6% in the third quarter. GSA Capital Partners LLP now owns 131,408 shares of the company’s stock valued at $1,131,000 after purchasing an additional 61,736 shares during the period. Principal Financial Group Inc. raised its position in shares of PagSeguro Digital by 23.8% in the third quarter. Principal Financial Group Inc. now owns 403,938 shares of the company’s stock valued at $3,478,000 after purchasing an additional 77,543 shares during the period. Finally, Gulf International Bank UK Ltd bought a new position in shares of PagSeguro Digital in the third quarter valued at approximately $111,000. 45.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Cantor Fitzgerald raised shares of PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. The Goldman Sachs Group dropped their price target on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday. Barclays dropped their target price on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Morgan Stanley reaffirmed an “underweight” rating and set a $6.50 target price (down previously from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. Finally, Itau BBA Securities lowered shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.20.

PagSeguro Digital Price Performance

PAGS opened at $7.65 on Friday. PagSeguro Digital Ltd. has a fifty-two week low of $7.56 and a fifty-two week high of $14.98. The firm’s fifty day moving average price is $8.50 and its two-hundred day moving average price is $10.94. The company has a market capitalization of $2.52 billion, a P/E ratio of 6.54, a P/E/G ratio of 0.42 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $874.38 million for the quarter, compared to the consensus estimate of $816.34 million. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. During the same quarter in the prior year, the company earned $0.26 EPS. On average, equities research analysts expect that PagSeguro Digital Ltd. will post 1.19 EPS for the current fiscal year.

PagSeguro Digital 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.