Penserra Capital Management LLC Grows Stake in PagSeguro Digital Ltd. (NYSE:PAGS)

Penserra Capital Management LLC boosted its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 2.6% in the third quarter, Holdings Channel reports. The fund owned 349,917 shares of the company’s stock after purchasing an additional 9,020 shares during the quarter. Penserra Capital Management LLC’s holdings in PagSeguro Digital were worth $3,011,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of PAGS. Y.D. More Investments Ltd lifted its stake 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 worth $47,000 after purchasing an additional 1,800 shares during the period. Family Firm Inc. purchased a new position in shares of PagSeguro Digital during the 2nd quarter worth $50,000. Quarry LP grew its holdings in PagSeguro Digital by 156.2% during the second quarter. Quarry LP now owns 6,242 shares of the company’s stock valued at $73,000 after purchasing an additional 3,806 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in PagSeguro Digital in the second quarter worth about $74,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of PagSeguro Digital by 26.8% in the second quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock worth $79,000 after buying an additional 1,421 shares during the period. Institutional investors own 45.88% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on PAGS. Itau BBA Securities cut shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a research note on Tuesday, October 1st. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group cut their price target 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 upgraded PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $6.50 target price (down previously from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $14.36.

PagSeguro Digital Stock Performance

NYSE:PAGS opened at $8.21 on Tuesday. The stock’s fifty day moving average is $8.35 and its 200 day moving average is $10.74. The firm has a market capitalization of $2.70 billion, a PE ratio of 6.79, a PEG ratio of 0.41 and a beta of 1.95. PagSeguro Digital Ltd. has a fifty-two week low of $7.35 and a fifty-two week high of $14.98.

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.