Jefferies Financial Group Inc. acquired a new stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 1,050,651 shares of the company's stock, valued at approximately $6,577,000. Jefferies Financial Group Inc. owned approximately 0.32% of PagSeguro Digital at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the company. Harbour Capital Advisors LLC bought a new stake in shares of PagSeguro Digital during the 4th quarter worth $482,000. Robeco Institutional Asset Management B.V. raised its stake in shares of PagSeguro Digital by 16.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company's stock valued at $39,770,000 after acquiring an additional 874,777 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of PagSeguro Digital by 11.7% during the fourth quarter. Principal Financial Group Inc. now owns 451,110 shares of the company's stock valued at $2,824,000 after acquiring an additional 47,172 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of PagSeguro Digital by 112.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 81,371 shares of the company's stock valued at $509,000 after acquiring an additional 42,990 shares during the last quarter. Finally, Barclays PLC raised its stake in PagSeguro Digital by 240.0% in the third quarter. Barclays PLC now owns 270,215 shares of the company's stock worth $2,327,000 after buying an additional 190,740 shares in the last quarter. 45.88% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
PAGS has been the topic of a number of recent research reports. Citigroup upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $7.00 to $10.00 in a report on Tuesday, April 22nd. Susquehanna dropped their target price on shares of PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating on the stock in a report on Wednesday. Finally, Barclays dropped their target price on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, PagSeguro Digital currently has an average rating of "Moderate Buy" and an average target price of $11.63.
Read Our Latest Report on PAGS
PagSeguro Digital Stock Performance
Shares of PAGS stock remained flat at $8.95 on Friday. 8,941,815 shares of the stock traded hands, compared to its average volume of 4,911,060. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 0.51 and a beta of 1.70. PagSeguro Digital Ltd. has a 12-month low of $6.11 and a 12-month high of $14.82. The business has a 50 day moving average price of $8.70 and a 200 day moving average price of $7.78.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. The firm had revenue of $857.50 million for the quarter, compared to the consensus estimate of $914.45 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. Analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.
PagSeguro Digital Dividend Announcement
The business also recently announced a -- dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, May 23rd. PagSeguro Digital's payout ratio is 11.48%.
PagSeguro Digital Company Profile
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Free Report)
PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a 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; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.
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