BlackRock Investment Management has recently announced that it has increased stake in PagSeguro Digital Ltd (NYSE:PAGS) by 13.26%. After grabbing 14.43 million shares, the institutional investor is now in possession of 1.69 million shares of the Technology Company. The new investment brought the stake of investor firm to 7.08% having worth around $179.99 million. Moreover, Point72 Asset Management LP increased its share by 0.68 million to have a control over 10.7 million shares. And BlackRock Fund Advisors raised its holdings to 21187.0 shares by acquiring 9.92 million shares or 4.87% of the stake.
PagSeguro Digital Ltd (PAGS) concluded trading on Thursday at a closing price of $13.14, with 2.65 million shares of worth about $34.84 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 22.35% during that period and on Thursday, January 25 the price saw a gain of about 2.58%. Currently the company’s common shares owned by public are about 331.37M shares, out of which, 203.02M shares are available for trading.
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Fidelity Inv. Trust – Emerging Ma, American Funds New World Fund, and Government Pension Fund – Global are the top 3 mutual funds which are holding stakes in PagSeguro Digital Ltd Fidelity Inv. Trust – Emerging Ma is currently holding 13.22 million shares of worth totaling $164.85 million. The company recently came buying 0.0 shares which brought its stake up to 6.49% of the company’s outstanding shares. Government Pension Fund – Global, after buying 8.03 million shares, have now control over 3.94% of the stake in the company. It holds 6.0 million shares of worth $100.17 million.
Stock saw a price change of 2.98% in past 5 days and over the past one month there was a price change of 10.05%. Year-to-date (YTD), PAGS shares are showing a performance of 5.37% which increased to 40.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.93 but also hit the highest price of $13.40 during that period. The average intraday trading volume for PagSeguro Digital Ltd shares is 3.64 million. The stock is currently trading 5.01% above its 20-day simple moving average (SMA20), while that difference is up 18.50% for SMA50 and it goes to 33.44% higher than SMA200.
BlackRock Investment Management acquired 14.43 million shares of PagSeguro Digital Ltd having value of about $179.99 million. Data submitted at the U.S SEC by BlackRock Investment Management revealed that the firm now holds 1.69 million shares in the company valued at close to $22197835.62, or have control over 13.26% stake in the company. PagSeguro Digital Ltd (NYSE: PAGS) currently have 331.37M outstanding shares and institutions hold larger chunk of about 54.31% of that. Holding of mutual funds in the company is about 42.59% while other institutional holders and individual stake holders have control over 48.39% and — of the stake respectively.
The stock has a current market capitalization of $4.35B and its 3Y-monthly beta is at 1.80. PE ratio of stock for trailing 12 months is 13.79, while it has posted earnings per share of $0.95 in the same period. Its PEG reads 1.24 and has Quick Ratio of 1.43 while making debt-to-equity ratio of 0.95. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PAGS, volatility over the week remained 3.52% while standing at 3.46% over the month.
Analysts are in expectations that PagSeguro Digital Ltd (PAGS) stock would likely to be making an EPS of $0.3 in the current quarter, while forecast for next quarter EPS is $0.27 and it is $1.22 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.27 which is $0.32 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.25 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 12.23% while it is estimated to increase by 15.62% in next year. EPS is likely to shrink at an annualized rate of 11.08% for next 5-years, compared to annual growth of 13.36% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on January 22, 2024 offering a Neutral rating for the stock and assigned a target price range of between $7.40 and $13.80 to it.
