Artemis Investment Management LLP Purchases Shares of 294,795 PagSeguro Digital Ltd. (NYSE:PAGS)

Artemis Investment Management LLP purchased a new stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 294,795 shares of the company's stock, valued at approximately $2,249,000. Artemis Investment Management LLP owned approximately 0.09% of PagSeguro Digital at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Signaturefd LLC lifted its stake in shares of PagSeguro Digital by 1,306.5% in the 4th quarter. Signaturefd LLC now owns 4,557 shares of the company's stock valued at $29,000 after purchasing an additional 4,233 shares during the last quarter. State of Wyoming raised its position in PagSeguro Digital by 32.8% in the fourth quarter. State of Wyoming now owns 6,436 shares of the company's stock valued at $40,000 after purchasing an additional 1,591 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of PagSeguro Digital by 166.9% during the first quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company's stock worth $51,000 after buying an additional 4,180 shares during the period. Advisory Services Network LLC purchased a new position in shares of PagSeguro Digital during the fourth quarter worth $66,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of PagSeguro Digital in the fourth quarter valued at $79,000. Institutional investors and hedge funds own 45.88% of the company's stock.

PagSeguro Digital Price Performance

PAGS stock traded down $0.20 during midday trading on Tuesday, reaching $9.45. 3,177,318 shares of the company's stock traded hands, compared to its average volume of 5,296,155. The business has a 50-day moving average price of $9.24 and a two-hundred day moving average price of $8.05. PagSeguro Digital Ltd. has a fifty-two week low of $6.11 and a fifty-two week high of $14.82. The company has a market capitalization of $3.11 billion, a P/E ratio of 7.73, a PEG ratio of 0.66 and a beta of 1.59.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, beating the consensus estimate 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 15.43% and a net margin of 11.15%. As a group, research 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 announced a -- dividend, which will be paid on Friday, August 15th. Stockholders of record on Wednesday, July 16th will be given a dividend of $0.12 per share. This represents a dividend yield of 1.5%. The ex-dividend date is Wednesday, July 16th. PagSeguro Digital's payout ratio is 11.48%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays decreased their target price 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 PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating on the stock in a research note on Wednesday, May 14th. Finally, Citigroup upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $7.00 to $10.00 in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, PagSeguro Digital presently has an average rating of "Moderate Buy" and an average target price of $11.63.

About PagSeguro Digital

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.