PagSeguro Digital Ltd. (NYSE:PAGS) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 1,238.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 24,100 shares of the company’s stock after acquiring an additional 22,300 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in PagSeguro Digital were worth $208,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PAGS. Marshall Wace LLP grew its holdings 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 purchasing an additional 2,497,968 shares during the period. State Street Corp boosted its stake in PagSeguro Digital by 50.8% during the third quarter. State Street Corp now owns 5,908,054 shares of the company’s stock worth $50,868,000 after buying an additional 1,990,849 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of PagSeguro Digital by 26.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock valued at $47,168,000 after acquiring an additional 1,144,590 shares during the last quarter. Millennium Management LLC increased its position in shares of PagSeguro Digital by 115.1% during the second 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. Finally, Acadian Asset Management LLC raised its stake in shares of PagSeguro Digital by 35.7% in the 2nd quarter. Acadian Asset Management LLC now owns 2,454,259 shares of the company’s stock valued at $28,670,000 after acquiring an additional 645,562 shares during the period. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Stock Up 1.4 %

Shares of PagSeguro Digital stock opened at $7.05 on Monday. PagSeguro Digital Ltd. has a 52-week low of $6.82 and a 52-week high of $14.98. The company has a market capitalization of $2.32 billion, a P/E ratio of 5.83, a P/E/G ratio of 0.44 and a beta of 1.92. The company has a 50 day moving average of $7.92 and a 200 day moving average of $10.20.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PAGS. Bank of America reiterated a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. Morgan Stanley reissued an “underweight” rating and set a $6.50 target price (down previously from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. Susquehanna dropped their target price on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research report on Monday, November 18th. Finally, Barclays cut their price target on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.36.

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.