Acadian Asset Management LLC Reduces Holdings in 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 reduced its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 1.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PAGS. Raymond James Financial Inc. acquired a new stake in shares of PagSeguro Digital during the 4th quarter worth about $79,000. Price T Rowe Associates Inc. MD boosted its stake in shares of PagSeguro Digital by 6.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 72,915 shares of the company's stock worth $457,000 after purchasing an additional 4,662 shares during the last quarter. Northern Trust Corp boosted its stake in shares of PagSeguro Digital by 20.6% during the 4th quarter. Northern Trust Corp now owns 1,747,094 shares of the company's stock worth $10,937,000 after purchasing an additional 298,377 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of PagSeguro Digital by 3,375.8% during the 4th quarter. Ameriprise Financial Inc. now owns 698,645 shares of the company's stock worth $4,374,000 after purchasing an additional 678,545 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of PagSeguro Digital by 55.6% during the 4th quarter. BNP Paribas Financial Markets now owns 472,866 shares of the company's stock worth $2,960,000 after purchasing an additional 168,905 shares during the last quarter. 45.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

PagSeguro Digital Price Performance

NYSE PAGS traded up $0.92 during mid-day trading on Tuesday, hitting $10.62. The company's stock had a trading volume of 5,690,680 shares, compared to its average volume of 5,085,992. PagSeguro Digital Ltd. has a 52-week low of $6.11 and a 52-week high of $10.68. The stock's fifty day simple moving average is $8.67 and its two-hundred day simple moving average is $8.71. The firm has a market capitalization of $3.50 billion, a P/E ratio of 8.56, a price-to-earnings-growth ratio of 0.63 and a beta of 1.56.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.34 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $901.10 million. On average, equities analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

PagSeguro Digital Cuts Dividend

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

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.