Aurora Investment Counsel Sells 2,087 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Aurora Investment Counsel decreased its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 1.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 148,029 shares of the company’s stock after selling 2,087 shares during the period. Aurora Investment Counsel’s holdings in PagSeguro Digital were worth $1,730,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of PagSeguro Digital during the 1st quarter valued at about $30,000. Y.D. More Investments Ltd boosted its stake in PagSeguro Digital by 82.5% in the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after buying an additional 1,800 shares in the last quarter. Family Firm Inc. bought a new position in PagSeguro Digital during the second quarter valued at approximately $50,000. Covestor Ltd raised its stake in shares of PagSeguro Digital by 11,990.2% during the first quarter. Covestor Ltd now owns 4,957 shares of the company’s stock worth $71,000 after acquiring an additional 4,916 shares in the last quarter. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of PagSeguro Digital in the 2nd quarter worth approximately $74,000. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Stock Performance

Shares of PAGS stock opened at $8.61 on Tuesday. PagSeguro Digital Ltd. has a fifty-two week low of $6.93 and a fifty-two week high of $14.98. The firm has a market cap of $2.84 billion, a P/E ratio of 7.76, a P/E/G ratio of 0.47 and a beta of 1.95. The business’s 50 day moving average price is $11.20 and its 200-day moving average price is $12.09.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $874.38 million for the quarter, compared to analysts’ expectations of $816.34 million. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. During the same quarter in the previous year, the business posted $0.26 earnings per share. As a group, equities analysts predict that PagSeguro Digital Ltd. will post 1.19 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Morgan Stanley reaffirmed an “underweight” rating and set a $6.50 target price (down previously from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. JPMorgan Chase & Co. raised their price objective on PagSeguro Digital from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. Barclays lowered their target price on PagSeguro Digital from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. UBS Group reduced their price target on PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating on the stock in a research report on Monday, July 8th. Finally, The Goldman Sachs Group upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $15.11.

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.