Marsico Capital Management LLC raised its position in PagSeguro Digital Ltd (NYSE:PAGS) by 107.2% during the 4th quarter, Holdings Channel reports. The firm owned 55,956 shares of the company’s stock after acquiring an additional 28,953 shares during the quarter. Marsico Capital Management LLC’s holdings in PagSeguro Digital were worth $1,048,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC lifted its position in shares of PagSeguro Digital by 1.9% in the fourth quarter. Jennison Associates LLC now owns 36,011 shares of the company’s stock valued at $674,000 after acquiring an additional 687 shares in the last quarter. Stifel Financial Corp lifted its position in shares of PagSeguro Digital by 2.4% in the fourth quarter. Stifel Financial Corp now owns 32,389 shares of the company’s stock valued at $606,000 after acquiring an additional 750 shares in the last quarter. Legal & General Group Plc lifted its position in shares of PagSeguro Digital by 13.7% in the third quarter. Legal & General Group Plc now owns 45,449 shares of the company’s stock valued at $1,258,000 after acquiring an additional 5,464 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of PagSeguro Digital by 24.5% in the fourth quarter. Hsbc Holdings PLC now owns 29,523 shares of the company’s stock valued at $553,000 after acquiring an additional 5,813 shares in the last quarter. Finally, Hilltop Holdings Inc. lifted its position in shares of PagSeguro Digital by 132.3% in the third quarter. Hilltop Holdings Inc. now owns 16,960 shares of the company’s stock valued at $469,000 after acquiring an additional 9,660 shares in the last quarter.

Several brokerages have recently issued reports on PAGS. Zacks Investment Research upgraded PagSeguro Digital from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Wednesday, February 13th. Citigroup upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Tuesday, November 27th. KeyCorp reduced their price objective on PagSeguro Digital from $42.00 to $35.00 and set an “overweight” rating on the stock in a research report on Friday, November 30th. Guggenheim initiated coverage on PagSeguro Digital in a research report on Wednesday, January 9th. They issued a “neutral” rating and a $21.65 price objective on the stock. Finally, UBS Group upgraded PagSeguro Digital from an “underperform” rating to a “neutral” rating in a research report on Friday, December 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $32.33.

NYSE PAGS remained flat at $$28.38 during trading hours on Friday. The company had a trading volume of 207,182 shares, compared to its average volume of 2,254,844. PagSeguro Digital Ltd has a 1 year low of $17.02 and a 1 year high of $39.97. The stock has a market capitalization of $3.55 billion, a P/E ratio of 32.25, a PEG ratio of 0.87 and a beta of 1.16.

WARNING: This report was first reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this report can be accessed at https://theolympiareport.com/2019/03/15/marsico-capital-management-llc-boosts-holdings-in-pagseguro-digital-ltd-pags.html.

About PagSeguro Digital

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.

Recommended Story: Preferred Stock

Want to see what other hedge funds are holding PAGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PagSeguro Digital Ltd (NYSE:PAGS).

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

Receive News & Ratings for PagSeguro Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PagSeguro Digital and related companies with MarketBeat.com's FREE daily email newsletter.