PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 31.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 135,378 shares of the company's stock after selling 60,902 shares during the period. Handelsbanken Fonder AB's holdings in PagSeguro Digital were worth $1,033,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PAGS. State of Wyoming raised its stake in shares of PagSeguro Digital by 32.8% in the fourth quarter. State of Wyoming now owns 6,436 shares of the company's stock valued at $40,000 after acquiring an additional 1,591 shares during the period. Truvestments Capital LLC lifted 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 worth $145,000 after purchasing an additional 1,792 shares during the last quarter. Intellectus Partners LLC lifted its stake in PagSeguro Digital by 4.8% in the first quarter. Intellectus Partners LLC now owns 76,293 shares of the company's stock worth $582,000 after purchasing an additional 3,500 shares during the last quarter. LPL Financial LLC boosted its position in shares of PagSeguro Digital by 14.2% during 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. Finally, Harbor Capital Advisors Inc. grew its stake in shares of PagSeguro Digital by 166.9% during the first quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company's stock valued at $51,000 after buying an additional 4,180 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barclays decreased their price target on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. 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. Finally, Citigroup upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $7.00 to $10.00 in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $11.63.

PagSeguro Digital Stock Performance

PAGS traded up $0.05 during trading on Wednesday, hitting $9.31. The stock had a trading volume of 4,406,091 shares, compared to its average volume of 5,236,371. The stock has a 50 day simple moving average of $9.07 and a two-hundred day simple moving average of $7.91. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $14.82. The company has a market capitalization of $3.07 billion, a PE ratio of 7.62, a PEG ratio of 0.66 and a beta of 1.58.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. The firm had revenue of $857.50 million for the quarter, compared to the consensus estimate of $914.45 million. PagSeguro Digital had a return on equity of 15.43% and a net margin of 11.15%. On average, equities research analysts anticipate that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

PagSeguro Digital Dividend Announcement

The business also recently announced a -- dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, May 23rd. PagSeguro Digital's dividend payout ratio (DPR) is presently 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.