Mackenzie Financial Corp Grows Stock Holdings in PagSeguro Digital Ltd. (NYSE:PAGS)

Key Points

• Mackenzie Financial Corp increased its stake in PagSeguro Digital Ltd. by 237.4% during the 1st quarter, now holding shares worth $322,000.
• PagSeguro reported earnings of $0.31 per share, exceeding analysts' estimates, although its revenue for the same period fell short of expectations at $857.50 million.
• The company's dividend yield stands at 150.0%, with a declaration of $0.12 per share, reflecting a payout ratio of 11.48%.

Mackenzie Financial Corp increased its position in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 237.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,224 shares of the company's stock after purchasing an additional 29,711 shares during the quarter. Mackenzie Financial Corp's holdings in PagSeguro Digital were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. State of Wyoming grew its holdings in PagSeguro Digital by 32.8% during the fourth quarter. State of Wyoming now owns 6,436 shares of the company's stock valued at $40,000 after purchasing an additional 1,591 shares during the period. Signaturefd LLC lifted its position 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. Teacher Retirement System of Texas lifted its position in shares of PagSeguro Digital by 14.9% in the first quarter. Teacher Retirement System of Texas now owns 24,169 shares of the company's stock worth $184,000 after buying an additional 3,133 shares in the last quarter. Intellectus Partners LLC lifted its position in shares of PagSeguro Digital by 4.8% in the first quarter. Intellectus Partners LLC now owns 76,293 shares of the company's stock worth $582,000 after buying an additional 3,500 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of PagSeguro Digital by 14.2% in the fourth quarter. LPL Financial LLC now owns 33,534 shares of the company's stock worth $210,000 after buying an additional 4,165 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company's stock.

Analysts Set New Price Targets

PAGS has been the topic of a number of recent research reports. Citigroup upgraded PagSeguro Digital from a "neutral" rating to a "buy" rating and upped their price objective for the company from $7.00 to $10.00 in a research report on Tuesday, April 22nd. Susquehanna decreased their price objective on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating on the stock in a research report on Wednesday, May 14th. Barclays decreased their price objective on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. upped their target price on PagSeguro Digital from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.36.

PagSeguro Digital Price Performance

NYSE PAGS traded up $0.39 during midday trading on Wednesday, hitting $9.33. 1,650,973 shares of the company traded hands, compared to its average volume of 5,104,207. The company has a market cap of $3.07 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 0.58 and a beta of 1.57. The company's 50-day simple moving average is $8.73 and its 200-day simple moving average is $8.48. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.82.

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

PagSeguro Digital Cuts Dividend

The firm also recently announced a -- dividend, which will be paid on Friday, August 15th. Shareholders of record on Wednesday, July 16th will be paid a $0.12 dividend. This represents a yield of 150.0%. The ex-dividend date of this dividend is Wednesday, July 16th. PagSeguro Digital's dividend payout ratio (DPR) is 11.48%.

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.