Handelsbanken Fonder AB lowered its holdings 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 Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming raised 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 buying an additional 1,591 shares in the last quarter. Truvestments Capital LLC raised its position in PagSeguro Digital by 8.4% during 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. Intellectus Partners LLC raised its position in PagSeguro Digital by 4.8% during the first quarter. Intellectus Partners LLC now owns 76,293 shares of the company's stock valued at $582,000 after buying an additional 3,500 shares during the period. LPL Financial LLC raised its position in 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. raised its position in 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 period. Institutional investors own 45.88% of the company's stock.
PagSeguro Digital Trading Down 1.9%
PAGS stock traded down $0.17 during trading on Friday, hitting $8.36. The company had a trading volume of 5,432,402 shares, compared to its average volume of 5,209,214. The company has a fifty day moving average price of $9.01 and a two-hundred day moving average price of $7.89. The company has a market cap of $2.75 billion, a P/E ratio of 6.90, a P/E/G ratio of 0.51 and a beta of 1.58. PagSeguro Digital Ltd. has a fifty-two week low of $6.11 and a fifty-two week high of $14.82.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. The business had revenue of $857.50 million for the quarter, compared to analyst estimates of $914.45 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. On average, analysts expect that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.
PagSeguro Digital Dividend Announcement
The business also recently declared 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 is 11.48%.
Analyst Ratings Changes
Several research firms recently weighed in on PAGS. Barclays dropped their price target on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Citigroup raised PagSeguro Digital from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $7.00 to $10.00 in a report on Tuesday, April 22nd. Finally, Susquehanna decreased their price objective on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating on the stock in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, PagSeguro Digital presently has an average rating of "Moderate Buy" and an average target price of $11.63.
Read Our Latest Stock Report on PagSeguro Digital
About PagSeguro Digital
(
Free Report)
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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