Artemis Investment Management LLP Buys New Shares in PagSeguro Digital Ltd. (NYSE:PAGS)

Artemis Investment Management LLP bought a new stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Perpetual Ltd lifted its stake in shares of PagSeguro Digital by 227.7% during the 1st quarter. Perpetual Ltd now owns 272,741 shares of the company's stock valued at $2,081,000 after buying an additional 189,524 shares in the last quarter. Bellecapital International Ltd. lifted its stake in PagSeguro Digital by 5.1% in the 1st quarter. Bellecapital International Ltd. now owns 335,422 shares of the company's stock worth $2,559,000 after purchasing an additional 16,201 shares in the last quarter. SG Americas Securities LLC purchased a new stake in PagSeguro Digital in the 1st quarter worth $329,000. Harbor Capital Advisors Inc. lifted its stake in PagSeguro Digital by 166.9% in the 1st quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company's stock worth $51,000 after purchasing an additional 4,180 shares in the last quarter. Finally, Intellectus Partners LLC lifted its stake in PagSeguro Digital by 4.8% in the 1st quarter. Intellectus Partners LLC now owns 76,293 shares of the company's stock worth $582,000 after purchasing an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on PAGS shares. Citigroup upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $7.00 to $10.00 in a research note on Tuesday, April 22nd. Susquehanna decreased their price target on shares of 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, Barclays decreased their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.63.

PagSeguro Digital Stock Up 0.3%

PagSeguro Digital stock opened at $9.40 on Friday. The company's 50-day moving average price is $9.22 and its 200-day moving average price is $8.02. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $14.82. The company has a market cap of $3.10 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 0.66 and a beta of 1.58.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted 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. PagSeguro Digital had a net margin of 11.15% and a return on equity of 15.43%. The firm had revenue of $857.50 million for the quarter, compared to the consensus estimate of $914.45 million. As a group, sell-side analysts expect 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 issued a $0.12 dividend. The ex-dividend date is Wednesday, July 16th. This represents a dividend yield of 1.5%. PagSeguro Digital's dividend payout ratio (DPR) is presently 11.48%.

PagSeguro Digital Company 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.

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