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.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of PagSeguro Digital from a “hold” rating to a “sell” rating in a report on Thursday, August 16th. Deutsche Bank upped their price objective on shares of PagSeguro Digital from $41.00 to $47.00 and gave the company a “buy” rating in a report on Monday, June 11th. JPMorgan Chase & Co. dropped their price objective on shares of PagSeguro Digital from $35.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, May 31st. Credit Suisse Group reaffirmed an “underperform” rating and issued a $34.00 target price on shares of PagSeguro Digital in a research report on Tuesday, June 19th. Finally, Itau BBA Securities initiated coverage on shares of PagSeguro Digital in a research report on Friday, July 27th. They issued an “outperform” rating and a $37.00 target price on the stock. Three analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $36.25.

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

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