PagSeguro Digital Ltd. $PAGS Shares Sold by Banco BTG Pactual S.A.

Key Points

• Banco BTG Pactual S.A. has reduced its holdings in PagSeguro Digital Ltd. by 22.5%, owning 490,000 shares valued at approximately $3.74 million after selling 141,900 shares.
• PagSeguro's stock has recently faced a decrease of 5.0%, with the current share price around $8.60, while its market cap stands at $2.84 billion.
• Analysts have mixed ratings for PagSeguro Digital, with one "Strong Buy", four "Buy", and a consensus target price of $11.36.

Banco BTG Pactual S.A. lowered its stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 22.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 490,000 shares of the company's stock after selling 141,900 shares during the quarter. Banco BTG Pactual S.A. owned about 0.15% of PagSeguro Digital worth $3,739,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PAGS. Nuveen LLC purchased a new position in PagSeguro Digital during the 1st quarter valued at approximately $59,603,000. Millennium Management LLC boosted its holdings in PagSeguro Digital by 870.4% during the 4th quarter. Millennium Management LLC now owns 6,271,376 shares of the company's stock valued at $39,259,000 after acquiring an additional 5,625,121 shares during the period. Sylebra Capital LLC boosted its holdings in PagSeguro Digital by 53.0% during the 4th quarter. Sylebra Capital LLC now owns 12,143,691 shares of the company's stock valued at $76,020,000 after acquiring an additional 4,208,192 shares during the period. Azora Capital LP purchased a new position in PagSeguro Digital during the 4th quarter valued at $8,604,000. Finally, Saba Capital Management L.P. raised its position in PagSeguro Digital by 147.1% during the 4th quarter. Saba Capital Management L.P. now owns 1,877,626 shares of the company's stock valued at $11,754,000 after purchasing an additional 1,117,811 shares in the last quarter. Institutional investors own 45.88% of the company's stock.

PagSeguro Digital Stock Performance

NYSE:PAGS traded up $0.3250 during mid-day trading on Friday, hitting $8.7050. 4,092,695 shares of the company's stock traded hands, compared to its average volume of 4,509,092. The company has a fifty day moving average of $8.74 and a 200 day moving average of $8.55. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $11.97. The company has a market capitalization of $2.87 billion, a P/E ratio of 7.02, a P/E/G ratio of 0.57 and a beta of 1.57.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. PagSeguro Digital had a return on equity of 15.52% and a net margin of 11.04%.The company had revenue of $930.17 million for the quarter, compared to analyst estimates of $901.10 million. On average, research 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 was paid on Friday, August 15th. Investors of record on Wednesday, July 16th were given a dividend of $0.12 per share. This represents a yield of 150.0%. The ex-dividend date of this dividend was Wednesday, July 16th. PagSeguro Digital's dividend payout ratio is currently 11.29%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Susquehanna reduced their price target on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a research report on Wednesday, May 14th. Wall Street Zen raised PagSeguro Digital from a "hold" rating to a "buy" rating in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their price target on PagSeguro Digital from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, PagSeguro Digital has an average rating of "Moderate Buy" and a consensus price target of $11.36.

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.