Artisan Partners LP recently announced the acquisition of new stake in PagSeguro Digital Ltd. (NYSE:PAGS). The institutional investor has increased its shareholding in the Technology company by 39.28% to 15.56 million shares with purchase of 4.39 million shares. This fresh investment now brings its stake to 8.69% valued currently at $594.77 million. In addition, Sylebra Capital Ltd. raised its holdings by 0.27 million to 10.99 million shares. And Samlyn Capital LLC has lifted its position by 66.82% or 2.91 million shares – to 7.26 million shares.
With over 1.28 million PagSeguro Digital Ltd. (PAGS) shares trading Tuesday and a closing price of $43.80 on the day, the dollar volume was approximately $56.06 million. The shares have shown a negative weekly performance of -2.12% and its price on 09/01/20 gained nearly 3.94%. Currently, there are 329.00M common shares owned by the public and among those 179.98M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 18 analysts who have offered their price forecasts for PAGS have a consensus price objective of $246.45. The analysts have set the share’s price value over the next 12 months at a high of $299.96 and a low of $141.80 should the stock experience a downside. Incidentally, analysts’ outlook for the PagSeguro Digital Ltd. stock is 2.10 for the next 12 months. The average price target is -6.57% below its last price level and a downside to the estimated low will see the stock gain 69.11% over that period. But an upside of 85.4% will see the stock hit the forecast high price target while mean target price for the stock is $244.49.
The top 3 mutual fund holders in PagSeguro Digital Ltd. are American Funds EuroPacific Growth, American Funds New World Fund, and Invesco Oppenheimer Developing Ma. American Funds EuroPacific Growth owns 26.88 million shares of the company’s stock, all valued at over $1.03 billion. The company bought an additional 0.6 million shares recently to bring their total holdings to about 15.01% of the shares outstanding. American Funds New World Fund sold -2.05 million shares to see its total holdings shrink to 14.71 million shares valued at over $562.34 million and representing 8.21% of the shares outstanding. Invesco Oppenheimer Developing Ma sold -5.12 million shares to bring its total holdings to over 9.69 million shares at a value of $370.6 million. Invesco Oppenheimer Developing Ma now owns shares totaling to 5.41% of the shares outstanding.
Shares of PagSeguro Digital Ltd. (NYSE: PAGS) opened at $42.63, up $0.49 from a prior closing price of $42.14. However, the script later closed the day at $43.80, up 3.94%. The company’s stock has a 5-day price change of -2.12% and 25.65% over the past three months. PAGS shares are trading 28.22% year to date (YTD), with the 12-month market performance down to -12.59% lower. It has a 12-month low price of $13.58 and touched a high of $53.35 over the same period. Currently, 1.28 million shares have been traded, compared to an average intraday trading volume of 1.68 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.78%, 13.05%, and 37.25% respectively.
Institutional ownership of PagSeguro Digital Ltd. (NYSE: PAGS) 329.00M shares outstanding. Mutual fund holders own 37.70%, while other institutional holders and individual stakeholders account for 71.08% and — respectively.
It has a market capitalization of $14.40B. The stock’s trailing 12-month PE ratio is 57.94, while the earnings-per-share (ttm) stands at $0.76. The company has a PEG of 13.77 and a Quick Ratio of 2.50 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.79% over the week and 4.44% over the month.
Analysts forecast that PagSeguro Digital Ltd. (PAGS) will achieve an EPS of $0.21 for the current quarter, $0.26 for the next quarter and $1.21 for 2021. The lowest estimate earnings-per-share for the quarter is $0.15 while analysts give the company a high EPS estimate of $0.25. Comparatively, EPS for the current quarter was $0.28 a year ago. Earnings per share for the fiscal year are expected to increase by 45.10%, and 40.09% over the next financial year. EPS should shrink at an annualized rate of 4.21% over the next five years, compared to 117.90% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 18 brokerage firm advisors rate PagSeguro Digital Ltd. (PAGS) as a “Moderate Buy” at a consensus score of 2.10. Specifically, 14 Wall Street analysts polled rate the stock as a buy, while 3 of the 18 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the PAGS, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on November 26, 2019, with the firm’s price target at. HSBC Securities coverage for the PagSeguro Digital Ltd. (PAGS) stock in a research note released on November 11, 2019 offered a Buy rating with a price target of. HSBC Securities was of a view on September 17, 2019 that the stock is Hold, while Evercore ISI gave the stock Outperform rating on July 17, 2019, issuing a price target of. Cantor Fitzgerald on their part issued Overweight rating on June 28, 2019.