Millennium Management LLC Purchases 5,625,121 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Millennium Management LLC boosted its stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 870.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,271,376 shares of the company's stock after acquiring an additional 5,625,121 shares during the period. Millennium Management LLC owned 1.90% of PagSeguro Digital worth $39,259,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Truvestments Capital LLC boosted its stake in PagSeguro Digital by 8.4% in the fourth quarter. Truvestments Capital LLC now owns 23,202 shares of the company's stock valued at $145,000 after acquiring an additional 1,792 shares during the last quarter. LPL Financial LLC lifted its stake in shares of PagSeguro Digital by 14.2% in the 4th quarter. LPL Financial LLC now owns 33,534 shares of the company's stock valued at $210,000 after acquiring an additional 4,165 shares during the last quarter. Signaturefd LLC increased its position in shares of PagSeguro Digital by 1,306.5% in the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company's stock valued at $29,000 after acquiring an additional 4,233 shares during the period. Virtu Financial LLC lifted its stake 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 during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in PagSeguro Digital by 6.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 72,915 shares of the company's stock valued at $457,000 after acquiring an additional 4,662 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company's stock.

PagSeguro Digital Trading Down 0.4%

Shares of NYSE:PAGS traded down $0.04 during trading on Tuesday, hitting $9.00. 4,097,371 shares of the company's stock traded hands, compared to its average volume of 4,915,529. The company has a 50-day moving average price of $8.76 and a 200-day moving average price of $7.79. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.82. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 7.44, a price-to-earnings-growth ratio of 0.51 and a beta of 1.70.

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

PagSeguro Digital Announces Dividend

The firm also recently disclosed a -- dividend, which will be paid on Friday, June 6th. Shareholders 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 is currently 11.48%.

Wall Street Analyst Weigh In

PAGS has been the topic of a number of research analyst reports. Susquehanna lowered their price objective 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. Citigroup upgraded PagSeguro Digital from a "neutral" rating to a "buy" rating and boosted their price target for the company from $7.00 to $10.00 in a report on Tuesday, April 22nd. Finally, Barclays decreased their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. One equities research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.63.

PagSeguro Digital 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.