Brinker Capital Investments LLC Acquires 8,801 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Brinker Capital Investments LLC boosted its holdings in PagSeguro Digital Ltd. (NYSE:PAGS – Get Rating) by 17.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,502 shares of the company’s stock after buying an additional 8,801 shares during the quarter. Brinker Capital Investments LLC’s holdings in PagSeguro Digital were worth $800,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Total Clarity Wealth Management Inc. bought a new position in PagSeguro Digital during the 2nd quarter worth approximately $28,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in PagSeguro Digital by 199.0% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,005 shares of the company’s stock worth $31,000 after purchasing an additional 2,000 shares during the last quarter. Caption Management LLC bought a new position in PagSeguro Digital during the 2nd quarter worth approximately $36,000. Ronald Blue Trust Inc. bought a new position in PagSeguro Digital during the 2nd quarter worth approximately $59,000. Finally, Advisors Asset Management Inc. bought a new position in PagSeguro Digital during the 1st quarter worth approximately $66,000. Institutional investors own 52.50% of the company’s stock.

PagSeguro Digital Trading Down 1.2 %

NYSE PAGS opened at $8.87 on Monday. The company has a fifty day simple moving average of $9.48 and a 200 day simple moving average of $12.20. PagSeguro Digital Ltd. has a 12-month low of $7.51 and a 12-month high of $23.29. The company has a market cap of $2.92 billion, a P/E ratio of 11.09, a PEG ratio of 1.04 and a beta of 1.47.

PagSeguro Digital (NYSE:PAGS – Get Rating) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $770.41 million for the quarter, compared to the consensus estimate of $781.75 million. PagSeguro Digital had a net margin of 9.57% and a return on equity of 18.02%. Sell-side analysts predict that PagSeguro Digital Ltd. will post 0.89 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Susquehanna lowered their price target on shares of PagSeguro Digital from $26.00 to $16.00 in a report on Thursday, December 29th. Credit Suisse Group lowered shares of PagSeguro Digital from an “outperform” rating to a “neutral” rating and set a $11.00 price target for the company. in a report on Tuesday, January 17th. The Goldman Sachs Group lowered their price objective on shares of PagSeguro Digital from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Friday. Evercore ISI lowered their price objective on shares of PagSeguro Digital from $16.00 to $13.00 in a research note on Wednesday, November 23rd. Finally, Morgan Stanley lowered shares of PagSeguro Digital from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $30.00 to $15.00 in a research note on Tuesday, December 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.91.

PagSeguro Digital Company Profile

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PagSeguro Digital Ltd. is engaged in the provision of financial technology solutions focused on consumers, individual entrepreneurs, micro-merchants, small companies and medium-sized companies in Brazil. Its business model covers the following pillars: Multiple digital payment solutions; In-person payments via POS devices that sell to merchants; Free digital accounts; Issuer of prepaid cards to clients for spending or withdrawing account balances, and Operating as an acquirer.