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 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Signaturefd LLC grew its stake in shares of PagSeguro Digital by 1,306.5% during the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company's stock valued at $29,000 after buying an additional 4,233 shares during the last quarter. State of Wyoming grew its stake in shares of 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 buying an additional 1,591 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of PagSeguro Digital during the fourth quarter valued at approximately $66,000. Raymond James Financial Inc. bought a new position in shares of PagSeguro Digital during the fourth quarter valued at approximately $79,000. Finally, Wexford Capital LP bought a new position in shares of PagSeguro Digital during the fourth quarter valued at approximately $90,000. 45.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on PAGS. Citigroup raised PagSeguro Digital from a "neutral" rating to a "buy" rating and upped their target price for the company from $7.00 to $10.00 in a research note on Tuesday, April 22nd. Susquehanna cut their target price on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating on the stock in a research note on Wednesday, May 14th. Finally, Barclays cut their target price on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock 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 issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $11.63.

PagSeguro Digital Stock Performance

NYSE PAGS opened at $8.78 on Friday. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 7.26, a price-to-earnings-growth ratio of 0.51 and a beta of 1.70. The company's 50-day simple moving average is $8.95 and its two-hundred day simple moving average is $7.86. PagSeguro Digital Ltd. has a one year low of $6.11 and a one year high of $14.82.

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

PagSeguro Digital Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, May 23rd. PagSeguro Digital's dividend payout ratio (DPR) is currently 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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