Jacobs Levy Equity Management Inc. Sells 174,199 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Jacobs Levy Equity Management Inc. decreased its position in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 71.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,549 shares of the company's stock after selling 174,199 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in PagSeguro Digital were worth $435,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAGS. Jefferies Financial Group Inc. bought a new stake in shares of PagSeguro Digital during the 4th quarter worth $6,577,000. Cresset Asset Management LLC bought a new stake in PagSeguro Digital in the fourth quarter worth about $98,000. Crestline Management LP bought a new stake in PagSeguro Digital in the fourth quarter worth about $390,000. Bridgefront Capital LLC purchased a new position in PagSeguro Digital in the fourth quarter valued at about $398,000. Finally, Azora Capital LP bought a new position in shares of PagSeguro Digital during the 4th quarter valued at approximately $8,604,000. Hedge funds and other institutional investors own 45.88% of the company's stock.

PagSeguro Digital Trading Down 0.4%

Shares of NYSE PAGS traded down $0.04 during mid-day trading on Tuesday, hitting $9.00. The company had a trading volume of 4,097,371 shares, compared to its average volume of 4,915,529. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $14.82. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 7.44, a P/E/G ratio of 0.51 and a beta of 1.70. The stock's 50-day moving average price is $8.76 and its 200-day moving average price is $7.79.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The business had revenue of $857.50 million during the quarter, compared to the consensus estimate of $914.45 million. As a group, equities research analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Announces Dividend

The firm also recently disclosed a -- dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, May 23rd. PagSeguro Digital's dividend payout ratio (DPR) is presently 11.48%.

Analyst Upgrades and Downgrades

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

About PagSeguro Digital

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.