Northern Trust Corp Sells 40,771 Shares of PagSeguro Digital Ltd. $PAGS

Key Points

• Northern Trust Corp reduced its holdings in PagSeguro Digital Ltd. by 2.3%, selling 40,771 shares and now owning approximately 1.7 million shares valued at $13 million.
• The company reported an earnings per share (EPS) of $0.34 for the last quarter, exceeding analysts' estimates, and generated revenue of $930 million.
• PagSeguro Digital has seen a recent dividend of $0.12 per share with a yield of 150%, although its payout ratio is currently at 11.29%.

Northern Trust Corp cut its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,706,323 shares of the company's stock after selling 40,771 shares during the quarter. Northern Trust Corp owned 0.52% of PagSeguro Digital worth $13,019,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. American Century Companies Inc. raised its stake in shares of PagSeguro Digital by 7.9% during the first quarter. American Century Companies Inc. now owns 308,189 shares of the company's stock worth $2,351,000 after acquiring an additional 22,602 shares in the last quarter. Ground Swell Capital LLC purchased a new position in shares of PagSeguro Digital during the first quarter worth approximately $94,000. Nuveen LLC purchased a new position in shares of PagSeguro Digital during the first quarter worth approximately $59,603,000. Aigen Investment Management LP purchased a new position in shares of PagSeguro Digital during the first quarter worth approximately $82,000. Finally, Virtu Financial LLC raised its stake in shares of PagSeguro Digital by 38.2% during the first quarter. Virtu Financial LLC now owns 21,653 shares of the company's stock worth $165,000 after acquiring an additional 5,981 shares in the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.

PagSeguro Digital Trading Up 0.7%

Shares of PagSeguro Digital stock opened at $9.09 on Thursday. The company's fifty day simple moving average is $8.66 and its two-hundred day simple moving average is $8.61. The company has a market cap of $2.99 billion, a P/E ratio of 7.33, a PEG ratio of 0.61 and a beta of 1.57. PagSeguro Digital Ltd. has a 12-month low of $6.11 and a 12-month high of $11.04.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. The business had revenue of $930.17 million for the quarter, compared to the consensus estimate of $901.10 million. PagSeguro Digital had a net margin of 11.04% and a return on equity of 15.52%. Analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Cuts Dividend

The business also recently disclosed a special dividend, which was paid on Friday, August 15th. Shareholders of record on Wednesday, July 16th were given a dividend of $0.12 per share. This represents a yield of 150.0%. The ex-dividend date of this dividend was Wednesday, July 16th. PagSeguro Digital's payout ratio is presently 11.29%.

Wall Street Analyst Weigh In

Several research firms have commented on PAGS. Wall Street Zen raised shares of PagSeguro Digital from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. lifted their target price on shares of PagSeguro Digital from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Finally, Susquehanna decreased 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. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $11.36.

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.

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