Cubist Systematic Strategies LLC Sells 149,513 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Cubist Systematic Strategies LLC reduced its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 95.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 7,007 shares of the company’s stock after selling 149,513 shares during the period. Cubist Systematic Strategies LLC’s holdings in PagSeguro Digital were worth $392,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Titan Global Capital Management USA LLC bought a new stake in shares of PagSeguro Digital in the second quarter valued at about $2,039,000. First Trust Advisors LP raised its holdings in shares of PagSeguro Digital by 1,312.7% in the second quarter. First Trust Advisors LP now owns 436,125 shares of the company’s stock valued at $24,388,000 after acquiring an additional 405,253 shares in the last quarter. Capital International Investors raised its holdings in shares of PagSeguro Digital by 15.2% in the second quarter. Capital International Investors now owns 6,887,303 shares of the company’s stock valued at $385,138,000 after acquiring an additional 906,205 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in shares of PagSeguro Digital by 65.3% in the second quarter. Schonfeld Strategic Advisors LLC now owns 39,501 shares of the company’s stock valued at $2,209,000 after acquiring an additional 15,601 shares in the last quarter. Finally, Echo Street Capital Management LLC grew its stake in PagSeguro Digital by 12.0% in the second quarter. Echo Street Capital Management LLC now owns 2,175,412 shares of the company’s stock valued at $121,649,000 after purchasing an additional 233,473 shares during the last quarter. Hedge funds and other institutional investors own 58.30% of the company’s stock.

PAGS has been the topic of several analyst reports. Bradesco Corretora cut their target price on PagSeguro Digital from $63.00 to $33.00 and set a “neutral” rating on the stock in a research note on Monday. KeyCorp cut their target price on PagSeguro Digital from $65.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, November 15th. Zacks Investment Research lowered PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 11th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on PagSeguro Digital from $70.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, November 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, PagSeguro Digital has a consensus rating of “Buy” and a consensus price target of $55.90.

Shares of PAGS stock opened at $27.75 on Thursday. PagSeguro Digital Ltd. has a fifty-two week low of $26.05 and a fifty-two week high of $62.83. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of 41.42, a PEG ratio of 1.03 and a beta of 1.38. The stock’s 50-day simple moving average is $40.60 and its 200-day simple moving average is $49.04.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Thursday, November 11th. The company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.04. PagSeguro Digital had a return on equity of 7.38% and a net margin of 14.22%. During the same quarter last year, the business earned $0.19 EPS. As a group, equities analysts expect that PagSeguro Digital Ltd. will post 0.86 earnings per share for the current year.

About PagSeguro Digital

PagSeguro Digital Ltd. engages in the provision of financial technology solutions focused on Micro-Merchants, Small Companies and Medium-Sized Companies, or Small Medium Enterprises. Its business model covers the following pillars: Multiple digital payment solutions; In-person payments via POS devices that sell to merchants; Free digital accounts; Issuer of prepaid cards to clients for spending or withdrawing account balances, and Operating as an acquirer.

Further Reading: What member countries make up the G-20?

Want to see what other hedge funds are holding PAGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PagSeguro Digital Ltd. (NYSE:PAGS).

Institutional Ownership by Quarter for PagSeguro Digital (NYSE:PAGS)

Receive News & Ratings for PagSeguro Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PagSeguro Digital and related companies with MarketBeat.com's FREE daily email newsletter.