Richard P Slaughter Associates Inc Sells 25,208 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Richard P Slaughter Associates Inc lowered its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 15.5% during the fourth quarter, Holdings Channel reports. The firm owned 137,577 shares of the company’s stock after selling 25,208 shares during the period. Richard P Slaughter Associates Inc’s holdings in PagSeguro Digital were worth $861,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PAGS. SPX Gestao de Recursos Ltda acquired a new position in PagSeguro Digital during the third quarter worth $38,151,000. Marshall Wace LLP boosted its stake in shares of PagSeguro Digital by 55.5% during the 2nd quarter. Marshall Wace LLP now owns 6,994,870 shares of the company’s stock worth $81,770,000 after acquiring an additional 2,497,968 shares in the last quarter. Millennium Management LLC increased its holdings in shares of PagSeguro Digital by 115.1% during the 2nd quarter. Millennium Management LLC now owns 3,813,901 shares of the company’s stock valued at $44,585,000 after acquiring an additional 2,040,704 shares during the last quarter. State Street Corp raised its stake in shares of PagSeguro Digital by 50.8% in the 3rd quarter. State Street Corp now owns 5,908,054 shares of the company’s stock valued at $50,868,000 after acquiring an additional 1,990,849 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in PagSeguro Digital by 26.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock worth $47,168,000 after purchasing an additional 1,144,590 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on PAGS shares. Itau BBA Securities lowered shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target on the stock. in a research report on Tuesday, October 1st. The Goldman Sachs Group dropped their target price on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. Bank of America reiterated a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Finally, KeyCorp upgraded PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, PagSeguro Digital has an average rating of “Moderate Buy” and an average price target of $14.00.

PagSeguro Digital Price Performance

PAGS opened at $6.65 on Wednesday. PagSeguro Digital Ltd. has a fifty-two week low of $6.11 and a fifty-two week high of $14.98. The company has a market capitalization of $2.19 billion, a P/E ratio of 5.50, a P/E/G ratio of 0.44 and a beta of 1.94. The firm’s fifty day moving average price is $7.11 and its two-hundred day moving average price is $9.39.

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.