Exchange Traded Concepts LLC Lowers Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Exchange Traded Concepts LLC cut its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 55.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,916 shares of the company's stock after selling 45,455 shares during the period. Exchange Traded Concepts LLC's holdings in PagSeguro Digital were worth $274,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Bellecapital International Ltd. lifted its position in PagSeguro Digital by 5.1% during the first quarter. Bellecapital International Ltd. now owns 335,422 shares of the company's stock valued at $2,559,000 after purchasing an additional 16,201 shares in the last quarter. SG Americas Securities LLC bought a new stake in PagSeguro Digital during the first quarter valued at about $329,000. Harbor Capital Advisors Inc. raised its holdings in PagSeguro Digital by 166.9% during the first quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company's stock valued at $51,000 after acquiring an additional 4,180 shares during the period. Intellectus Partners LLC raised its holdings in PagSeguro Digital by 4.8% during the first quarter. Intellectus Partners LLC now owns 76,293 shares of the company's stock valued at $582,000 after acquiring an additional 3,500 shares during the period. Finally, RFG Advisory LLC bought a new stake in PagSeguro Digital during the first quarter valued at about $84,000. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Citigroup raised PagSeguro Digital from a "neutral" rating to a "buy" rating and raised their price target for the company from $7.00 to $10.00 in a report on Tuesday, April 22nd. Barclays decreased their price target on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Finally, Susquehanna decreased their price target on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating on the stock in a report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, PagSeguro Digital currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.63.

PagSeguro Digital Trading Down 2.9%

Shares of PAGS stock opened at $8.99 on Friday. PagSeguro Digital Ltd. has a 12-month low of $6.11 and a 12-month high of $14.82. The stock's 50-day moving average price is $9.12 and its 200-day moving average price is $7.95. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 0.63 and a beta of 1.58.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. PagSeguro Digital had a return on equity of 15.43% and a net margin of 11.15%. The firm had revenue of $857.50 million for the quarter, compared to analysts' expectations of $914.45 million. As a group, research analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Cuts Dividend

The company 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 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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