Artemis Investment Management LLP Has $65.21 Million Holdings in PagSeguro Digital Ltd. $PAGS

Key Points

• Artemis Investment Management LLP raised its stake in PagSeguro Digital (NYSE:PAGS) by 25.2% in Q4 to 6,764,422 shares, worth about $65.21 million and representing a 2.05% ownership.
• Insiders were active: Director Luis Frias bought 498,500 shares at an average of $9.96 (≈$4.97M), while Director Alexandre Mr Magnani sold 200,000 shares at $11.26 (≈$2.25M), reducing his holding by roughly 24.8%.
• PagSeguro declared a quarterly dividend of $0.26 per share (annualized $1.04) implying a 10.5% yield; the record date is Apr 22 and the payment date is June 1, with a payout ratio around 81.25%.

Artemis Investment Management LLP raised its holdings in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 25.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,764,422 shares of the company's stock after buying an additional 1,363,223 shares during the quarter. Artemis Investment Management LLP owned 2.05% of PagSeguro Digital worth $65,209,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PAGS. GAMMA Investing LLC grew its holdings in PagSeguro Digital by 37.0% during the fourth quarter. GAMMA Investing LLC now owns 4,626 shares of the company's stock worth $45,000 after buying an additional 1,249 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in PagSeguro Digital during the third quarter worth $46,000. Versant Capital Management Inc grew its holdings in PagSeguro Digital by 114.1% during the third quarter. Versant Capital Management Inc now owns 5,156 shares of the company's stock worth $52,000 after buying an additional 2,748 shares in the last quarter. CWM LLC grew its holdings in PagSeguro Digital by 29.0% during the third quarter. CWM LLC now owns 5,255 shares of the company's stock worth $53,000 after buying an additional 1,182 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in PagSeguro Digital by 93.4% during the second quarter. Osaic Holdings Inc. now owns 7,891 shares of the company's stock worth $76,000 after buying an additional 3,810 shares in the last quarter. 45.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other PagSeguro Digital news, Director Luis Frias acquired 498,500 shares of the company's stock in a transaction dated Friday, March 27th. The stock was purchased at an average price of $9.96 per share, with a total value of $4,965,060.00. Following the completion of the purchase, the director directly owned 2,673,605 shares in the company, valued at approximately $26,629,105.80. The trade was a 22.92% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexandre Mr Magnani sold 200,000 shares of the company's stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $11.26, for a total value of $2,252,000.00. Following the completion of the transaction, the director directly owned 607,390 shares of the company's stock, valued at approximately $6,839,211.40. This trade represents a 24.77% decrease in their position. The disclosure for this sale is available in the SEC filing.

PagSeguro Digital Trading Down 1.4%

Shares of NYSE:PAGS opened at $9.88 on Friday. The stock has a fifty day simple moving average of $10.33 and a two-hundred day simple moving average of $10.14. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 0.41 and a beta of 1.37. PagSeguro Digital Ltd. has a 12-month low of $7.74 and a 12-month high of $12.32.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its earnings results on Wednesday, March 4th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.01. The business had revenue of $991.79 million during the quarter, compared to analyst estimates of $1.03 billion. PagSeguro Digital had a return on equity of 16.20% and a net margin of 10.37%. As a group, equities research analysts predict that PagSeguro Digital Ltd. will post 1.66 EPS for the current year.

PagSeguro Digital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, April 22nd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 10.5%. The ex-dividend date of this dividend is Wednesday, April 22nd. PagSeguro Digital's payout ratio is currently 81.25%.

Wall Street Analysts Forecast Growth

PAGS has been the subject of a number of recent analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of PagSeguro Digital in a research note on Thursday, January 22nd. UBS Group upped their price objective on PagSeguro Digital from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. reduced their price objective on PagSeguro Digital from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Monday, April 13th. Finally, Wall Street Zen upgraded PagSeguro Digital from a "hold" rating to a "buy" rating in a research note on Saturday. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $12.00.

About PagSeguro Digital

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company's product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.

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