Lazard Asset Management LLC Sells 89,697 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Lazard Asset Management LLC reduced its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 6.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,222,813 shares of the company’s stock after selling 89,697 shares during the quarter. Lazard Asset Management LLC’s holdings in PagSeguro Digital were worth $17,461,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PAGS. Waterfront Wealth Inc. raised its stake in shares of PagSeguro Digital by 5.5% in the fourth quarter. Waterfront Wealth Inc. now owns 16,230 shares of the company’s stock worth $202,000 after purchasing an additional 852 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in PagSeguro Digital by 34.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company’s stock valued at $64,000 after acquiring an additional 1,330 shares during the period. Blue Trust Inc. boosted its holdings in shares of PagSeguro Digital by 13.0% during the 4th quarter. Blue Trust Inc. now owns 12,479 shares of the company’s stock valued at $156,000 after acquiring an additional 1,438 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of PagSeguro Digital in the first quarter worth approximately $30,000. Finally, Los Angeles Capital Management LLC raised its holdings in shares of PagSeguro Digital by 2.1% during the first quarter. Los Angeles Capital Management LLC now owns 108,868 shares of the company’s stock valued at $1,555,000 after purchasing an additional 2,223 shares during the last quarter. 45.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PAGS has been the topic of a number of research reports. The Goldman Sachs Group upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, June 26th. Barclays lifted their target price on PagSeguro Digital from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. UBS Group reduced their price target on PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a research report on Monday, July 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of PagSeguro Digital from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $16.44.

PagSeguro Digital Stock Up 1.0 %

PAGS opened at $13.49 on Monday. PagSeguro Digital Ltd. has a 52 week low of $6.93 and a 52 week high of $14.98. The firm has a 50-day simple moving average of $12.23 and a two-hundred day simple moving average of $12.78. The company has a market capitalization of $4.45 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 0.56 and a beta of 1.92.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Friday, May 24th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. PagSeguro Digital had a return on equity of 14.51% and a net margin of 10.70%. The business had revenue of $869.86 million during the quarter, compared to analysts’ expectations of $679.16 million. As a group, sell-side analysts expect that PagSeguro Digital Ltd. will post 1.44 earnings per share for the current year.

PagSeguro Digital 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.