Kestra Private Wealth Services LLC Sells 794 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Kestra Private Wealth Services LLC lessened its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,786 shares of the company’s stock after selling 794 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in PagSeguro Digital were worth $147,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund increased its stake in PagSeguro Digital by 1,238.3% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 999,700 shares of the company’s stock valued at $8,607,000 after purchasing an additional 925,000 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in PagSeguro Digital by 8.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,110,575 shares of the company’s stock valued at $9,562,000 after purchasing an additional 87,612 shares in the last quarter. Barclays PLC increased its stake in PagSeguro Digital by 5.6% during the 3rd quarter. Barclays PLC now owns 73,550 shares of the company’s stock valued at $635,000 after purchasing an additional 3,907 shares in the last quarter. Sylebra Capital LLC bought a new stake in PagSeguro Digital during the 3rd quarter valued at $80,028,000. Finally, Prudential PLC increased its stake in PagSeguro Digital by 37.0% during the 3rd quarter. Prudential PLC now owns 57,405 shares of the company’s stock valued at $494,000 after purchasing an additional 15,501 shares in the last quarter. Institutional investors own 45.88% of the company’s stock.

Wall Street Analysts Forecast Growth

PAGS has been the topic of a number of analyst reports. New Street Research raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $15.00 to $18.00 in a report on Monday, March 18th. Barclays lifted their price objective on shares of PagSeguro Digital from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Cantor Fitzgerald lifted their price objective on shares of PagSeguro Digital from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Evercore ISI raised shares of PagSeguro Digital from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $12.00 to $18.00 in a report on Tuesday, March 26th. Finally, Citigroup boosted their price target on shares of PagSeguro Digital from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, PagSeguro Digital has a consensus rating of “Moderate Buy” and an average price target of $15.20.

PagSeguro Digital Stock Down 1.6 %

Shares of PAGS stock opened at $12.67 on Friday. The stock has a fifty day moving average of $13.12 and a 200 day moving average of $11.84. PagSeguro Digital Ltd. has a 52 week low of $6.93 and a 52 week high of $14.98. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 0.69 and a beta of 1.82.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $877.60 million during the quarter, compared to the consensus estimate of $786.91 million. PagSeguro Digital had a return on equity of 13.94% and a net margin of 10.37%. Equities research analysts anticipate that PagSeguro Digital Ltd. will post 1.29 earnings per share for the current year.

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.