7,811,601 Shares in PagSeguro Digital Ltd. $PAGS Purchased by Nuveen LLC

Key Points

• Nuveen LLC has acquired 7,811,601 shares of PagSeguro Digital Ltd., valued at approximately $59.6 million, increasing its stake to about 2.37% of the company.
• PagSeguro Digital recently reported an EPS of $0.31, surpassing analyst estimates, despite revenue falling short; the firm had a market cap of $3.10 billion.
• The company declared a dividend of $0.12 per share, which will yield 150.0%, and recently experienced various price target adjustments from analysts.

Nuveen LLC bought a new position in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,811,601 shares of the company's stock, valued at approximately $59,603,000. Nuveen LLC owned about 2.37% of PagSeguro Digital at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PAGS. PNC Financial Services Group Inc. purchased a new position in PagSeguro Digital in the first quarter worth about $26,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of PagSeguro Digital by 626.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company's stock worth $39,000 after purchasing an additional 4,435 shares during the period. State of Wyoming lifted its stake in shares of PagSeguro Digital by 32.8% in the 4th quarter. State of Wyoming now owns 6,436 shares of the company's stock worth $40,000 after purchasing an additional 1,591 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of PagSeguro Digital by 166.9% in the first quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company's stock worth $51,000 after buying an additional 4,180 shares during the last quarter. Finally, Signaturefd LLC grew its position in PagSeguro Digital by 50.6% during the first quarter. Signaturefd LLC now owns 6,863 shares of the company's stock valued at $52,000 after buying an additional 2,306 shares during the period. Institutional investors own 45.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PAGS. Citigroup upgraded PagSeguro Digital from a "neutral" rating to a "buy" rating and lifted their target price for the company from $7.00 to $10.00 in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. lifted their price objective on PagSeguro Digital from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Susquehanna reduced their target price on shares of PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a report on Wednesday, May 14th. Finally, Barclays decreased 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $11.36.

PagSeguro Digital Price Performance

Shares of NYSE PAGS traded up $0.09 during mid-day trading on Monday, hitting $9.12. 1,478,496 shares of the company's stock traded hands, compared to its average volume of 5,133,337. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $14.82. The company's 50-day moving average is $8.74 and its two-hundred day moving average is $8.53. The company has a market capitalization of $3.00 billion, a P/E ratio of 7.34, a PEG ratio of 0.61 and a beta of 1.57.

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

PagSeguro Digital Cuts Dividend

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

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.