Quantbot Technologies LP Increases Stock Holdings in PagSeguro Digital Ltd. (NYSE:PAGS)

Quantbot Technologies LP grew its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 283,435 shares of the company’s stock after buying an additional 6,365 shares during the quarter. Quantbot Technologies LP owned 0.09% of PagSeguro Digital worth $2,440,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. purchased a new stake in PagSeguro Digital during the 3rd quarter worth about $3,246,000. Algert Global LLC purchased a new stake in PagSeguro Digital during the 2nd quarter worth about $1,212,000. Principal Financial Group Inc. increased its position in PagSeguro Digital by 23.8% during the 3rd quarter. Principal Financial Group Inc. now owns 403,938 shares of the company’s stock worth $3,478,000 after purchasing an additional 77,543 shares in the last quarter. Vanguard Group Inc. increased its position in PagSeguro Digital by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company’s stock worth $21,496,000 after purchasing an additional 92,026 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its position in PagSeguro Digital by 768.4% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 725,100 shares of the company’s stock worth $8,476,000 after purchasing an additional 641,600 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Stock Performance

Shares of NYSE:PAGS opened at $7.78 on Friday. PagSeguro Digital Ltd. has a 1 year low of $7.35 and a 1 year high of $14.98. The stock has a market capitalization of $2.56 billion, a P/E ratio of 6.43, a PEG ratio of 0.42 and a beta of 1.95. The stock has a 50-day simple moving average of $8.28 and a 200-day simple moving average of $10.65.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PAGS. Cantor Fitzgerald upgraded PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Susquehanna decreased 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. Itau BBA Securities lowered PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target on the stock. in a research note on Tuesday, October 1st. KeyCorp raised PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Finally, Barclays decreased their price target on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.36.

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.