Bellecapital International Ltd. Cuts Position in PagSeguro Digital Ltd. $PAGS

Key Points

• Bellecapital International Ltd. has reduced its holdings in PagSeguro Digital Ltd. by 20.4%, selling 68,508 shares and now owning approximately 0.08% of the company.
• Various hedge funds, including GAMMA Investing LLC and Mirae Asset Global Investments, have significantly increased their positions in PagSeguro Digital, demonstrating growing institutional interest in the stock.
• PagSeguro Digital's stock has received mixed ratings from analysts, with a current consensus rating of "Hold" and a target price averaging $11.83, while it recently announced a dividend of $0.12 per share.

Bellecapital International Ltd. lessened its holdings in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 20.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 266,914 shares of the company's stock after selling 68,508 shares during the quarter. Bellecapital International Ltd. owned about 0.08% of PagSeguro Digital worth $2,573,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PAGS. PNC Financial Services Group Inc. purchased a new stake in PagSeguro Digital in the first quarter worth about $26,000. GAMMA Investing LLC grew its holdings in PagSeguro Digital by 61.2% in the second quarter. GAMMA Investing LLC now owns 3,510 shares of the company's stock worth $34,000 after purchasing an additional 1,333 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of PagSeguro Digital by 626.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company's stock worth $39,000 after buying an additional 4,435 shares in the last quarter. CWM LLC lifted its stake in shares of PagSeguro Digital by 78.1% in the second quarter. CWM LLC now owns 4,073 shares of the company's stock worth $39,000 after buying an additional 1,786 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in shares of PagSeguro Digital by 50.6% in the first quarter. Signaturefd LLC now owns 6,863 shares of the company's stock worth $52,000 after buying an additional 2,306 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PAGS shares. JPMorgan Chase & Co. upped their target price on shares of PagSeguro Digital from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $9.00 target price (down previously from $12.00) on shares of PagSeguro Digital in a research note on Tuesday. Bank of America upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and upped their target price for the stock from $10.00 to $13.00 in a research note on Friday, September 19th. Weiss Ratings reiterated a "hold (c)" rating on shares of PagSeguro Digital in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded shares of PagSeguro Digital from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 19th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $11.83.

PagSeguro Digital Price Performance

Shares of NYSE PAGS opened at $8.94 on Thursday. The firm has a fifty day moving average price of $9.31 and a 200-day moving average price of $8.99. The stock has a market cap of $2.95 billion, a PE ratio of 7.21, a price-to-earnings-growth ratio of 0.44 and a beta of 1.57. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $11.16.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. The firm had revenue of $930.17 million during the quarter, compared to analysts' expectations of $901.10 million. PagSeguro Digital had a net margin of 11.04% and a return on equity of 15.52%. On average, research analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

PagSeguro Digital Cuts Dividend

The business also recently disclosed a -- dividend, which will be paid on Monday, November 3rd. Investors of record on Monday, October 6th will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, October 6th. 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.

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