PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by Richard P Slaughter Associates Inc

Richard P Slaughter Associates Inc reduced its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 137,577 shares of the company’s stock after selling 25,208 shares during the quarter. Richard P Slaughter Associates Inc’s holdings in PagSeguro Digital were worth $861,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Marshall Wace LLP grew its holdings in PagSeguro Digital by 55.5% during the second quarter. Marshall Wace LLP now owns 6,994,870 shares of the company’s stock worth $81,770,000 after acquiring an additional 2,497,968 shares during the period. State Street Corp raised its holdings in shares of PagSeguro Digital by 50.8% in the 3rd quarter. State Street Corp now owns 5,908,054 shares of the company’s stock worth $50,868,000 after purchasing an additional 1,990,849 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in PagSeguro Digital by 26.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock valued at $47,168,000 after purchasing an additional 1,144,590 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new stake in PagSeguro Digital during the third quarter worth approximately $38,151,000. Finally, Millennium Management LLC grew its position in PagSeguro Digital by 115.1% in the second quarter. Millennium Management LLC now owns 3,813,901 shares of the company’s stock worth $44,585,000 after buying an additional 2,040,704 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Trading Up 0.5 %

NYSE PAGS opened at $6.65 on Wednesday. PagSeguro Digital Ltd. has a 1-year low of $6.11 and a 1-year high of $14.98. The firm’s fifty day simple moving average is $7.11 and its 200-day simple moving average is $9.39. The company has a market capitalization of $2.19 billion, a PE ratio of 5.50, a price-to-earnings-growth ratio of 0.44 and a beta of 1.94.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PAGS shares. Itau BBA Securities downgraded PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a research report on Tuesday, October 1st. Cantor Fitzgerald upgraded PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Susquehanna dropped their price target on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a research note on Monday, November 18th. KeyCorp raised shares of PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Finally, Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $14.00.

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.