Y Intercept Hong Kong Ltd Invests $665,000 in PagSeguro Digital Ltd. (NYSE:PAGS)

Y Intercept Hong Kong Ltd purchased a new position in PagSeguro Digital Ltd. (NYSE:PAGS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 106,304 shares of the company’s stock, valued at approximately $665,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Waterfront Wealth Inc. boosted its position in shares of PagSeguro Digital by 28.6% in the 4th quarter. Waterfront Wealth Inc. now owns 257,054 shares of the company’s stock worth $1,609,000 after purchasing an additional 57,219 shares in the last quarter. Sanctuary Advisors LLC lifted its position in PagSeguro Digital by 28.5% in the 4th quarter. Sanctuary Advisors LLC now owns 25,422 shares of the company’s stock valued at $159,000 after acquiring an additional 5,636 shares in the last quarter. Principal Financial Group Inc. lifted its position in PagSeguro Digital by 11.7% in the 4th quarter. Principal Financial Group Inc. now owns 451,110 shares of the company’s stock valued at $2,824,000 after acquiring an additional 47,172 shares in the last quarter. Vontobel Holding Ltd. bought a new position in PagSeguro Digital in the 4th quarter valued at approximately $170,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in PagSeguro Digital by 16.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company’s stock valued at $39,770,000 after acquiring an additional 874,777 shares in the last quarter. 45.88% of the stock is owned by institutional investors.

PagSeguro Digital Stock Performance

Shares of PagSeguro Digital stock opened at $7.38 on Friday. The stock has a market cap of $2.43 billion, a P/E ratio of 6.10, a P/E/G ratio of 0.51 and a beta of 1.95. The stock’s fifty day moving average is $7.07 and its 200 day moving average is $8.28. PagSeguro Digital Ltd. has a one year low of $6.11 and a one year high of $14.98.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Friday, February 21st. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm had revenue of $875.27 million for the quarter, compared to the consensus estimate of $872.66 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. Analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PAGS shares. JPMorgan Chase & Co. lowered their price objective on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Citigroup reaffirmed a “neutral” rating and issued a $7.00 price objective (down from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Susquehanna lowered their price objective on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a research report on Monday, November 18th. Finally, The Goldman Sachs Group cut their target price on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, PagSeguro Digital presently has an average rating of “Moderate Buy” and an average target price of $13.18.

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.