Amundi Has $104,000 Stake in PagSeguro Digital Ltd. (NYSE:PAGS)

Amundi trimmed its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 92.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,620 shares of the company’s stock after selling 209,352 shares during the quarter. Amundi’s holdings in PagSeguro Digital were worth $104,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PAGS. Edgestream Partners L.P. grew its holdings in PagSeguro Digital by 14.1% during the fourth quarter. Edgestream Partners L.P. now owns 232,523 shares of the company’s stock worth $1,456,000 after buying an additional 28,779 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in PagSeguro Digital in the 4th quarter valued at $448,000. Inceptionr LLC grew its stake in PagSeguro Digital by 183.7% in the 4th quarter. Inceptionr LLC now owns 73,420 shares of the company’s stock valued at $460,000 after purchasing an additional 47,541 shares during the period. Raymond James Financial Inc. bought a new position in PagSeguro Digital in the 4th quarter valued at $79,000. Finally, Bellecapital International Ltd. grew its stake in PagSeguro Digital by 37.1% in the 4th quarter. Bellecapital International Ltd. now owns 319,221 shares of the company’s stock valued at $1,998,000 after purchasing an additional 86,402 shares during the period. 45.88% of the stock is owned by institutional investors and hedge funds.

PagSeguro Digital Stock Down 2.0 %

NYSE:PAGS opened at $8.27 on Friday. The business’s 50-day moving average price is $7.49 and its two-hundred day moving average price is $7.74. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $14.82. The stock has a market cap of $2.72 billion, a P/E ratio of 6.83, a PEG ratio of 0.51 and a beta of 2.04.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Friday, February 21st. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The firm had revenue of $875.27 million for the quarter, compared to analysts’ expectations of $872.66 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. On average, equities research analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

Analysts Set New Price Targets

PAGS has been the subject of a number of recent analyst reports. Citigroup restated a “neutral” rating and issued a $7.00 price objective (down previously from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. JPMorgan Chase & Co. dropped their price target on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Finally, Bank of America reaffirmed a “neutral” rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PagSeguro Digital has an average rating of “Moderate Buy” and an average target price of $12.33.

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.