Sylebra Capital LLC lifted its holdings in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 53.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,143,691 shares of the company's stock after acquiring an additional 4,208,192 shares during the quarter. PagSeguro Digital accounts for about 2.1% of Sylebra Capital LLC's holdings, making the stock its 12th biggest holding. Sylebra Capital LLC owned approximately 3.68% of PagSeguro Digital worth $76,020,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in PAGS. Millennium Management LLC boosted its stake in PagSeguro Digital by 870.4% in the 4th quarter. Millennium Management LLC now owns 6,271,376 shares of the company's stock worth $39,259,000 after purchasing an additional 5,625,121 shares in the last quarter. Marshall Wace LLP increased its holdings in PagSeguro Digital by 307.4% in the 4th quarter. Marshall Wace LLP now owns 4,459,616 shares of the company's stock worth $27,917,000 after acquiring an additional 3,364,926 shares in the last quarter. Azora Capital LP purchased a new stake in PagSeguro Digital in the 4th quarter worth approximately $8,604,000. Saba Capital Management L.P. increased its holdings in PagSeguro Digital by 147.1% in the 4th quarter. Saba Capital Management L.P. now owns 1,877,626 shares of the company's stock worth $11,754,000 after acquiring an additional 1,117,811 shares in the last quarter. Finally, Contrarius Group Holdings Ltd purchased a new stake in PagSeguro Digital in the 4th quarter worth approximately $6,822,000. 45.88% of the stock is owned by hedge funds and other institutional investors.
PagSeguro Digital Price Performance
Shares of NYSE:PAGS traded up $0.03 on Wednesday, hitting $8.71. 1,851,842 shares of the company's stock were exchanged, compared to its average volume of 4,957,832. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $14.82. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 7.19, a price-to-earnings-growth ratio of 0.51 and a beta of 1.70. The business's 50 day simple moving average is $8.81 and its two-hundred day simple moving average is $7.81.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.02. The firm 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%. Equities analysts forecast that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.
PagSeguro Digital Announces Dividend
The business also recently disclosed a -- dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, May 23rd. PagSeguro Digital's dividend payout ratio is presently 11.48%.
Analyst Ratings Changes
A number of research analysts have recently commented on PAGS shares. Susquehanna lowered their target price on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a research report on Wednesday, May 14th. Citigroup raised shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and raised their target price for the company from $7.00 to $10.00 in a report on Tuesday, April 22nd. Finally, Barclays cut their target price on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $11.63.
Read Our Latest Report on PAGS
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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