Massachusetts Financial Services Co. MA Takes $10.35 Million Position in PagSeguro (PAGS)

Massachusetts Financial Services Co. MA acquired a new stake in PagSeguro (NYSE:PAGS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 270,025 shares of the company’s stock, valued at approximately $10,348,000. Massachusetts Financial Services Co. MA owned 0.25% of PagSeguro as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Manning & Napier Group LLC acquired a new position in shares of PagSeguro in the 1st quarter valued at about $56,660,000. Criterion Capital Management LLC acquired a new position in PagSeguro in the 1st quarter worth about $34,116,000. American Century Companies Inc. acquired a new position in PagSeguro in the 1st quarter worth about $18,902,000. Finally, Wells Fargo & Company MN acquired a new position in PagSeguro in the 1st quarter worth about $449,000. 5.56% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on PAGS shares. UBS started coverage on PagSeguro in a report on Friday, February 16th. They issued a “buy” rating and a $36.00 price target for the company. Bank of America started coverage on PagSeguro in a report on Tuesday, February 20th. They issued a “buy” rating and a $34.00 price target for the company. Deutsche Bank started coverage on PagSeguro in a report on Tuesday, February 20th. They issued a “buy” rating and a $38.00 price target for the company. Goldman Sachs started coverage on PagSeguro in a report on Monday, February 19th. They issued a “buy” rating and a $32.00 price target for the company. Finally, JPMorgan Chase upped their price target on PagSeguro from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, March 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. PagSeguro currently has an average rating of “Buy” and an average target price of $35.90.

Shares of PagSeguro stock opened at $32.12 on Monday. PagSeguro has a 12 month low of $26.78 and a 12 month high of $39.97. The company has a market cap of $3.45 billion and a price-to-earnings ratio of 56.35.

PagSeguro 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.

Institutional Ownership by Quarter for PagSeguro (NYSE:PAGS)

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