Senator Investment Group LP Buys New Holdings in PagSeguro Digital Ltd (PAGS)
Senator Investment Group LP bought a new position in shares of PagSeguro Digital Ltd (NYSE:PAGS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,500,000 shares of the company’s stock, valued at approximately $69,375,000. Senator Investment Group LP owned approximately 2.03% of PagSeguro Digital as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new stake in shares of PagSeguro Digital in the second quarter valued at about $191,000. Partner Investment Management L.P. grew its holdings in shares of PagSeguro Digital by 76.1% in the second quarter. Partner Investment Management L.P. now owns 8,981 shares of the company’s stock valued at $249,000 after purchasing an additional 3,880 shares during the period. Westfield Capital Management Co. LP purchased a new stake in shares of PagSeguro Digital in the first quarter valued at about $253,000. Zions Bancorporation purchased a new stake in shares of PagSeguro Digital in the second quarter valued at about $256,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of PagSeguro Digital in the first quarter valued at about $270,000.
NYSE PAGS opened at $27.04 on Monday. PagSeguro Digital Ltd has a 12 month low of $24.57 and a 12 month high of $39.97. The stock has a market capitalization of $3.27 billion and a price-to-earnings ratio of 47.44.
PagSeguro Digital Company Profile
PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end 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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.
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