New York State Common Retirement Fund Increases Position in PagSeguro Digital Ltd. (NYSE:PAGS)

New York State Common Retirement Fund lifted its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 30.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 580,614 shares of the company's stock after purchasing an additional 135,500 shares during the quarter. New York State Common Retirement Fund owned 0.18% of PagSeguro Digital worth $4,430,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in PagSeguro Digital by 6.4% during the first quarter. Principal Financial Group Inc. now owns 480,067 shares of the company's stock worth $3,663,000 after buying an additional 28,957 shares during the last quarter. Teacher Retirement System of Texas raised its stake in PagSeguro Digital by 14.9% during 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 during the last quarter. Krane Funds Advisors LLC bought a new position in PagSeguro Digital during the first quarter worth $173,000. Waterfront Wealth Inc. increased its stake in PagSeguro Digital by 6.8% in the first quarter. Waterfront Wealth Inc. now owns 274,519 shares of the company's stock valued at $2,095,000 after purchasing an additional 17,465 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in PagSeguro Digital by 626.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company's stock valued at $39,000 after purchasing an additional 4,435 shares in the last quarter. 45.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PAGS. Susquehanna dropped their target price on shares of PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating on the stock in a research note on Wednesday, May 14th. Barclays dropped their target price on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Citigroup upgraded shares of 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, JPMorgan Chase & Co. boosted their price target on shares of PagSeguro Digital from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, PagSeguro Digital has an average rating of "Moderate Buy" and a consensus target price of $11.36.

PagSeguro Digital Trading Down 0.8%

PAGS traded down $0.06 during trading on Tuesday, hitting $7.94. 6,710,314 shares of the company traded hands, compared to its average volume of 5,430,527. The company has a market cap of $2.62 billion, a PE ratio of 6.51, a P/E/G ratio of 0.57 and a beta of 1.59. The stock's 50-day simple moving average is $9.02 and its two-hundred day simple moving average is $8.30. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $14.82.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its earnings results 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. The firm had revenue of $857.50 million during the quarter, compared to analyst estimates of $914.45 million. PagSeguro Digital had a net margin of 11.15% and a return on equity of 15.43%. Equities analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS 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 given a dividend of $0.12 per share. This represents a yield of 1.5%. 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.