14B Captial Management LP Trims Stock Position in PagSeguro Digital Ltd. $PAGS

Key Points

• 14B Capital Management LP reduced its holdings in PagSeguro Digital Ltd. by 17.9%, selling 300,000 shares, while still maintaining a 4.4% stake.
• Analysts have set varied price targets for PagSeguro Digital, with JPMorgan raising its target to $13.00, while Wall Street Zen upgraded the stock's rating from "hold" to "buy."
• PagSeguro Digital recently reported positive earnings, with $0.34 EPS exceeding analyst estimates of $0.31, and announced a special dividend yielding 150% on shares paid in August.

14B Captial Management LP trimmed its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 17.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,375,000 shares of the company's stock after selling 300,000 shares during the period. PagSeguro Digital accounts for approximately 4.4% of 14B Captial Management LP's holdings, making the stock its 9th largest holding. 14B Captial Management LP owned approximately 0.42% of PagSeguro Digital worth $10,491,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in PagSeguro Digital by 626.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company's stock valued at $39,000 after purchasing an additional 4,435 shares in the last quarter. Aurora Investment Counsel increased its stake in shares of PagSeguro Digital by 19.1% in the 1st quarter. Aurora Investment Counsel now owns 247,732 shares of the company's stock valued at $1,890,000 after buying an additional 39,697 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of PagSeguro Digital by 166.9% in the 1st 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. SG Americas Securities LLC acquired a new stake in shares of PagSeguro Digital in the 1st quarter valued at $329,000. Finally, Ameriprise Financial Inc. increased its stake in shares of PagSeguro Digital by 3,375.8% in the 4th quarter. Ameriprise Financial Inc. now owns 698,645 shares of the company's stock valued at $4,374,000 after buying an additional 678,545 shares during the period. 45.88% of the stock is owned by institutional investors and hedge funds.

PagSeguro Digital Stock Up 3.5%

Shares of PagSeguro Digital stock traded up $0.33 during trading on Friday, reaching $9.59. 5,155,508 shares of the company were exchanged, compared to its average volume of 4,559,176. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $10.21. The business has a 50-day moving average price of $8.66 and a 200-day moving average price of $8.63. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 7.73, a P/E/G ratio of 0.63 and a beta of 1.57.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. PagSeguro Digital had a return on equity of 15.52% and a net margin of 11.04%.The business had revenue of $930.17 million during the quarter, compared to analysts' expectations of $901.10 million. On average, equities research analysts forecast that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Cuts Dividend

The business also recently disclosed a -- dividend, which will be paid on Monday, November 3rd. Investors of record on Monday, October 6th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, October 6th. This represents a dividend yield of 150.0%. PagSeguro Digital's payout ratio is 11.29%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wall Street Zen raised PagSeguro Digital from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. 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 note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. lifted their target price on PagSeguro Digital from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.17.

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.