PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its holdings in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 11.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,488,369 shares of the company's stock after selling 816,697 shares during the period. Nuveen Asset Management LLC owned approximately 1.97% of PagSeguro Digital worth $40,617,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Truvestments Capital LLC raised its holdings 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 buying an additional 1,792 shares during the period. LPL Financial LLC raised its holdings in PagSeguro Digital by 14.2% in the fourth quarter. LPL Financial LLC now owns 33,534 shares of the company's stock valued at $210,000 after buying an additional 4,165 shares during the period. Signaturefd LLC raised its holdings in 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 buying an additional 4,233 shares during the period. Virtu Financial LLC raised its holdings in PagSeguro Digital by 37.4% in the fourth quarter. Virtu Financial LLC now owns 15,672 shares of the company's stock valued at $98,000 after buying an additional 4,268 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in PagSeguro Digital by 6.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 72,915 shares of the company's stock valued at $457,000 after buying an additional 4,662 shares during the period. Hedge funds and other institutional investors own 45.88% of the company's stock.

PagSeguro Digital Stock Down 2.2%

Shares of PAGS traded down $0.20 during mid-day trading on Friday, reaching $8.65. 8,058,679 shares of the stock traded hands, compared to its average volume of 4,967,160. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 7.15, a P/E/G ratio of 0.51 and a beta of 1.70. The stock has a fifty day simple moving average of $8.79 and a 200 day simple moving average of $7.80. PagSeguro Digital Ltd. has a 12-month low of $6.11 and a 12-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, beating analysts' consensus estimates of $0.29 by $0.02. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The company had revenue of $857.50 million for the quarter, compared to analyst estimates of $914.45 million. On average, equities research analysts expect that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

PagSeguro Digital Dividend Announcement

The business also recently declared a -- dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.14 per share. The ex-dividend date is Friday, May 23rd. PagSeguro Digital's payout ratio is currently 11.48%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PAGS shares. Susquehanna cut their price target on shares of PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating on the stock in a report on Wednesday, May 14th. Citigroup upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and raised their price target for the company from $7.00 to $10.00 in a report on Tuesday, April 22nd. Finally, Barclays dropped their price objective 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. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.