Jacobs Levy Equity Management Inc. Has $2.10 Million Stock Holdings in PagSeguro Digital Ltd. (NYSE:PAGS)

Jacobs Levy Equity Management Inc. trimmed its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 69.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 243,748 shares of the company’s stock after selling 546,063 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.07% of PagSeguro Digital worth $2,099,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Y.D. More Investments Ltd raised its position in shares of PagSeguro Digital by 82.5% in the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock valued at $47,000 after acquiring an additional 1,800 shares during the period. Family Firm Inc. acquired a new stake in shares of PagSeguro Digital in the 2nd quarter valued at approximately $50,000. Quarry LP raised its position in shares of PagSeguro Digital by 156.2% in the 2nd quarter. Quarry LP now owns 6,242 shares of the company’s stock valued at $73,000 after acquiring an additional 3,806 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in shares of PagSeguro Digital in the 2nd quarter valued at approximately $74,000. Finally, Nisa Investment Advisors LLC raised its position in shares of PagSeguro Digital by 26.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock valued at $79,000 after acquiring an additional 1,421 shares during the period. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Trading Down 3.4 %

NYSE:PAGS opened at $7.11 on Friday. PagSeguro Digital Ltd. has a 1-year low of $7.08 and a 1-year high of $14.98. The firm has a fifty day simple moving average of $8.05 and a 200 day simple moving average of $10.39. The stock has a market capitalization of $2.34 billion, a PE ratio of 5.88, a P/E/G ratio of 0.38 and a beta of 1.92.

Analysts Set New Price Targets

PAGS has been the subject of a number of research reports. The Goldman Sachs Group lowered their target price on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, November 15th. KeyCorp raised PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Susquehanna lowered their target price on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research note on Monday, November 18th. Itau BBA Securities cut PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price for the company. in a research note on Tuesday, October 1st. Finally, Barclays lowered their target price on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, PagSeguro Digital has an average rating of “Moderate Buy” and a consensus target price of $14.36.

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.