Mackenzie Financial Corp Sells 29,549 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Mackenzie Financial Corp reduced its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 70.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,513 shares of the company's stock after selling 29,549 shares during the quarter. Mackenzie Financial Corp's holdings in PagSeguro Digital were worth $78,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. raised its position in PagSeguro Digital by 11.7% in the fourth quarter. Principal Financial Group Inc. now owns 451,110 shares of the company's stock worth $2,824,000 after acquiring an additional 47,172 shares in the last quarter. Ameriprise Financial Inc. raised its position in PagSeguro Digital by 3,375.8% in the fourth quarter. Ameriprise Financial Inc. now owns 698,645 shares of the company's stock worth $4,374,000 after acquiring an additional 678,545 shares in the last quarter. Barclays PLC raised its position in PagSeguro Digital by 240.0% in the third quarter. Barclays PLC now owns 270,215 shares of the company's stock worth $2,327,000 after acquiring an additional 190,740 shares in the last quarter. Sanctuary Advisors LLC raised its position in PagSeguro Digital by 28.5% in the fourth quarter. Sanctuary Advisors LLC now owns 25,422 shares of the company's stock worth $159,000 after acquiring an additional 5,636 shares in the last quarter. Finally, Virtu Financial LLC raised its position in PagSeguro Digital by 37.4% in the fourth quarter. Virtu Financial LLC now owns 15,672 shares of the company's stock worth $98,000 after acquiring an additional 4,268 shares in the last quarter. 45.88% of the stock is currently owned by institutional investors.

PagSeguro Digital Price Performance

NYSE PAGS traded up $0.06 on Tuesday, hitting $8.57. 7,091,134 shares of the company were exchanged, compared to its average volume of 5,138,577. The company's 50 day moving average price is $8.96 and its 200-day moving average price is $7.88. The firm has a market capitalization of $2.82 billion, a P/E ratio of 7.08, a price-to-earnings-growth ratio of 0.51 and a beta of 1.58. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $14.82.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its quarterly earnings data 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 15.49% and a net margin of 11.12%. The firm had revenue of $857.50 million for the quarter, compared to the consensus estimate of $914.45 million. As a group, equities analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

PagSeguro Digital Dividend Announcement

The firm also recently announced a -- dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.14 per share. The ex-dividend date was Friday, May 23rd. PagSeguro Digital's dividend payout ratio (DPR) is presently 11.48%.

Analyst Ratings Changes

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

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.