PagSeguro Digital Ltd. (NYSE:PAGS) Shares Acquired by Waterfront Wealth Inc.

Waterfront Wealth Inc. increased its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 330.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,133 shares of the company’s stock after purchasing an additional 57,696 shares during the period. Waterfront Wealth Inc.’s holdings in PagSeguro Digital were worth $878,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in shares of PagSeguro Digital during the 1st quarter worth approximately $30,000. Family Firm Inc. purchased a new stake in PagSeguro Digital in the second quarter valued at $50,000. Covestor Ltd lifted its position in PagSeguro Digital by 11,990.2% in the first quarter. Covestor Ltd now owns 4,957 shares of the company’s stock valued at $71,000 after acquiring an additional 4,916 shares during the last quarter. Principal Securities Inc. acquired a new position in PagSeguro Digital in the fourth quarter valued at $69,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of PagSeguro Digital by 26.8% during the second quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock worth $79,000 after purchasing an additional 1,421 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Price Performance

PagSeguro Digital stock opened at $11.07 on Monday. The business has a 50 day simple moving average of $12.46 and a 200-day simple moving average of $12.67. PagSeguro Digital Ltd. has a 12 month low of $6.93 and a 12 month high of $14.98. The stock has a market capitalization of $3.65 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 0.56 and a beta of 1.92.

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 analysts’ consensus estimates of $0.31 by $0.01. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. The business had revenue of $874.38 million for the quarter, compared to analyst estimates of $816.34 million. During the same period in the previous year, the business posted $0.26 earnings per share. As a group, equities research analysts anticipate that PagSeguro Digital Ltd. will post 1.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PAGS. UBS Group decreased their target price on PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a research report on Monday, July 8th. JPMorgan Chase & Co. increased their price objective on PagSeguro Digital from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Barclays lowered their target price on shares of PagSeguro Digital from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, August 22nd. Finally, The Goldman Sachs Group upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.19.

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.