Sone Capital Management LLC bought a new stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 507,044 shares of the company's stock, valued at approximately $3,174,000. Sone Capital Management LLC owned about 0.15% of PagSeguro Digital as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Wexford Capital LP acquired a new stake in shares of PagSeguro Digital in the 4th quarter valued at $90,000. Tidal Investments LLC raised its holdings in PagSeguro Digital by 26.6% during the fourth quarter. Tidal Investments LLC now owns 49,864 shares of the company's stock valued at $312,000 after buying an additional 10,478 shares in the last quarter. Teza Capital Management LLC acquired a new stake in shares of PagSeguro Digital in the fourth quarter worth about $354,000. State of Wyoming boosted its stake in shares of PagSeguro Digital by 32.8% during the 4th quarter. State of Wyoming now owns 6,436 shares of the company's stock worth $40,000 after acquiring an additional 1,591 shares in the last quarter. Finally, Saba Capital Management L.P. increased its holdings in shares of PagSeguro Digital by 147.1% during the 4th quarter. Saba Capital Management L.P. now owns 1,877,626 shares of the company's stock valued at $11,754,000 after acquiring an additional 1,117,811 shares during the last quarter. 45.88% of the stock is owned by institutional investors.
PagSeguro Digital Stock Performance
NYSE:PAGS opened at $8.95 on Monday. The firm's 50-day moving average is $8.70 and its 200-day moving average is $7.78. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 7.40, a PEG ratio of 0.51 and a beta of 1.70. PagSeguro Digital Ltd. has a 52-week low of $6.11 and a 52-week high of $14.82.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. The business had revenue of $857.50 million for the quarter, compared to the consensus estimate of $914.45 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. Equities analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.
PagSeguro Digital Dividend Announcement
The company also recently disclosed a -- dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, May 23rd. PagSeguro Digital's dividend payout ratio is presently 11.48%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Barclays cut their price objective on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Susquehanna reduced their price objective on shares of PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a research note on Wednesday, May 14th. Finally, Citigroup upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and raised their target price for the company from $7.00 to $10.00 in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, four have given 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.63.
Get Our Latest Report on PAGS
About PagSeguro Digital
(
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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