Quantbot Technologies LP raised its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS – Free Report) by 93.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 63,828 shares of the company’s stock after buying an additional 30,833 shares during the period. Quantbot Technologies LP’s holdings in PagSeguro Digital were worth $911,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PAGS. Csenge Advisory Group acquired a new stake in PagSeguro Digital during the first quarter worth about $146,000. Janney Montgomery Scott LLC purchased a new stake in PagSeguro Digital in the 1st quarter worth approximately $291,000. Principal Financial Group Inc. grew its stake in shares of PagSeguro Digital by 1,091.3% during the 1st quarter. Principal Financial Group Inc. now owns 285,019 shares of the company’s stock worth $4,070,000 after purchasing an additional 261,093 shares during the period. Verde Servicos Internacionais S.A. purchased a new position in shares of PagSeguro Digital during the 1st quarter valued at approximately $351,000. Finally, Polunin Capital Partners Ltd increased its holdings in shares of PagSeguro Digital by 12.3% during the 1st quarter. Polunin Capital Partners Ltd now owns 4,088,380 shares of the company’s stock valued at $58,382,000 after purchasing an additional 447,411 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PAGS shares. New Street Research upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and raised their price target for the company from $15.00 to $18.00 in a research report on Monday, March 18th. JPMorgan Chase & Co. raised their target price on PagSeguro Digital from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, June 17th. Evercore ISI upgraded PagSeguro Digital from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $12.00 to $18.00 in a research note on Tuesday, March 26th. UBS Group lowered their price target on PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating on the stock in a research report on Monday, July 8th. Finally, Barclays boosted their price objective on PagSeguro Digital from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.44.

View Our Latest Analysis on PagSeguro Digital

PagSeguro Digital Trading Up 0.5 %

NYSE:PAGS opened at $13.31 on Monday. The stock has a 50 day moving average of $12.12 and a two-hundred day moving average of $12.72. PagSeguro Digital Ltd. has a 12 month low of $6.93 and a 12 month high of $14.98. The firm has a market cap of $4.39 billion, a P/E ratio of 11.99, a price-to-earnings-growth ratio of 0.56 and a beta of 1.92.

PagSeguro Digital (NYSE:PAGS – Get Free Report) last issued its quarterly earnings results on Friday, May 24th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. PagSeguro Digital had a return on equity of 14.51% and a net margin of 10.70%. The firm had revenue of $869.86 million during the quarter, compared to analysts’ expectations of $679.16 million. On average, research analysts forecast that PagSeguro Digital Ltd. will post 1.44 earnings per share for the current year.

About PagSeguro Digital

(Free Report)

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.

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