Fox Run Management L.L.C. Lowers Stock Holdings in PagSeguro Digital Ltd. $PAGS

Key Points

• Fox Run Management L.L.C. has significantly reduced its stake in PagSeguro Digital Ltd. by 83.0%, now holding only 10,260 shares after selling 49,952 shares in the first quarter.
• Several institutional investors, including Barclays PLC and Wells Fargo, have increased their positions in PagSeguro Digital, with Barclays growing its stake by 87.9% to 507,863 shares.
• JPMorgan Chase & Co. raised their target price for PagSeguro Digital from $12.00 to $13.00 while maintaining a "neutral" rating, indicating mixed sentiment among analysts regarding the stock's performance.

Fox Run Management L.L.C. decreased its holdings in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 83.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,260 shares of the company's stock after selling 49,952 shares during the quarter. Fox Run Management L.L.C.'s holdings in PagSeguro Digital were worth $78,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PAGS. PNC Financial Services Group Inc. acquired a new position in PagSeguro Digital in the 1st quarter worth about $26,000. Mirae Asset Global Investments Co. Ltd. increased its stake in PagSeguro Digital by 626.4% during the 1st 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. State of Wyoming increased its stake in PagSeguro Digital by 32.8% during the 4th quarter. State of Wyoming now owns 6,436 shares of the company's stock worth $40,000 after buying an additional 1,591 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in PagSeguro Digital by 166.9% during the 1st quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company's stock worth $51,000 after buying an additional 4,180 shares in the last quarter. Finally, Signaturefd LLC increased its stake in PagSeguro Digital by 50.6% during the 1st 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. Institutional investors and hedge funds own 45.88% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wall Street Zen upgraded PagSeguro Digital from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. boosted their price objective on PagSeguro Digital from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Finally, Susquehanna cut their price objective on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, PagSeguro Digital currently has an average rating of "Moderate Buy" and a consensus target price of $11.36.

PagSeguro Digital Stock Performance

Shares of PAGS stock traded up $0.13 during trading hours on Wednesday, reaching $8.68. The company had a trading volume of 12,810,768 shares, compared to its average volume of 4,415,248. The stock has a fifty day moving average of $8.70 and a 200-day moving average of $8.57. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 0.58 and a beta of 1.57. PagSeguro Digital Ltd. has a 12-month low of $6.11 and a 12-month high of $11.32.

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

PagSeguro Digital Cuts Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, August 15th. Investors of record on Wednesday, July 16th were given a $0.12 dividend. This represents a yield of 150.0%. The ex-dividend date was Wednesday, July 16th. PagSeguro Digital's dividend payout ratio is presently 11.29%.

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.