Acadian Asset Management LLC Sells 123,939 Shares of PagSeguro Digital Ltd. $PAGS

Key Points

• Acadian Asset Management LLC reduced its stake in PagSeguro Digital Ltd. by 1.7%, owning approximately 7.35 million shares worth around $56 million as of the end of the first quarter.
• PAGS stock has shown a price performance with a 1-year low of $6.11 and a high of $10.21, currently opening at $9.26.
• PagSeguro recently declared a $0.12 per share dividend with a yield of 150.0%, set to be paid on November 3rd.

Acadian Asset Management LLC cut its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 1.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,345,466 shares of the company's stock after selling 123,939 shares during the period. Acadian Asset Management LLC owned 2.23% of PagSeguro Digital worth $56,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. bought a new stake in shares of PagSeguro Digital during the 1st quarter valued at $26,000. Mirae Asset Global Investments Co. Ltd. increased its position in PagSeguro Digital by 626.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company's stock valued at $39,000 after buying an additional 4,435 shares in the last quarter. State of Wyoming increased its holdings in shares of PagSeguro Digital by 32.8% in the 4th quarter. State of Wyoming now owns 6,436 shares of the company's stock worth $40,000 after purchasing an additional 1,591 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in PagSeguro Digital by 166.9% during the first quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company's stock valued at $51,000 after purchasing an additional 4,180 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in PagSeguro Digital by 50.6% during the first quarter. Signaturefd LLC now owns 6,863 shares of the company's stock valued at $52,000 after acquiring an additional 2,306 shares during the period. Institutional investors own 45.88% of the company's stock.

PagSeguro Digital Trading Up 0.6%

PAGS stock traded up $0.06 during mid-day trading on Friday, hitting $9.54. 5,235,721 shares of the company were exchanged, compared to its average volume of 4,316,288. The company has a market capitalization of $3.14 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 0.65 and a beta of 1.57. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $10.21. The firm has a fifty day simple moving average of $8.66 and a 200 day simple moving average of $8.69.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. PagSeguro Digital had a net margin of 11.04% and a return on equity of 15.52%. The firm had revenue of $930.17 million during the quarter, compared to analyst estimates of $901.10 million. As a group, sell-side analysts anticipate that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Cuts Dividend

The firm also recently disclosed a -- dividend, which will be paid on Monday, November 3rd. Stockholders of record on Monday, October 6th will be paid a $0.12 dividend. The ex-dividend date is Monday, October 6th. This represents a dividend yield of 150.0%. PagSeguro Digital's dividend payout ratio is currently 11.29%.

Analysts Set New Price Targets

PAGS has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their target price on PagSeguro Digital from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Wall Street Zen upgraded shares of PagSeguro Digital from a "buy" rating to a "strong-buy" rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, PagSeguro Digital has an average rating of "Moderate Buy" and a consensus price target of $12.17.

PagSeguro Digital Profile

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.