Invesco Ltd. Sells 71,694 Shares of PagSeguro Digital Ltd. $PAGS

Key Points

• Invesco Ltd. has reduced its stake in PagSeguro Digital Ltd. by 17.2%, now holding approximately 0.10% of the company, valued at $2.63 million.
• PagSeguro Digital recently reported earnings of $0.34 per share, exceeding analysts' expectations, with a revenue of $930.17 million for the last quarter.
• The company declared a special dividend of $0.12 per share, reflecting a substantial dividend yield of 150.0%, with an 11.29% payout ratio.

Invesco Ltd. decreased its stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 17.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 344,854 shares of the company's stock after selling 71,694 shares during the quarter. Invesco Ltd. owned 0.10% of PagSeguro Digital worth $2,631,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new position in PagSeguro Digital in the 1st quarter worth about $26,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of PagSeguro Digital by 626.4% in the first 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 during the last quarter. State of Wyoming lifted its position in shares of PagSeguro Digital by 32.8% during the 4th quarter. State of Wyoming now owns 6,436 shares of the company's stock valued at $40,000 after buying an additional 1,591 shares during the last quarter. Harbor Capital Advisors Inc. boosted 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 worth $51,000 after purchasing an additional 4,180 shares during the period. Finally, Signaturefd LLC increased its position in shares of 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

A number of brokerages have issued reports on PAGS. JPMorgan Chase & Co. raised their price target on shares of PagSeguro Digital from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Susquehanna cut their target price on shares of PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating on the stock in a research report on Wednesday, May 14th. Finally, Wall Street Zen upgraded shares of PagSeguro Digital from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, PagSeguro Digital has a consensus rating of "Moderate Buy" and a consensus target price of $11.36.

PagSeguro Digital Price Performance

Shares of NYSE PAGS traded up $0.10 during midday trading on Wednesday, reaching $9.12. 1,824,559 shares of the company traded hands, compared to its average volume of 5,096,569. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $11.04. The stock has a 50-day moving average price of $8.67 and a 200 day moving average price of $8.61. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 0.61 and a beta of 1.57.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. The company had revenue of $930.17 million for the quarter, compared to analyst estimates of $901.10 million. PagSeguro Digital had a net margin of 11.04% and a return on equity of 15.52%. As a group, analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

PagSeguro Digital Cuts Dividend

The business also recently declared a special dividend, which was paid on Friday, August 15th. Shareholders of record on Wednesday, July 16th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, July 16th. This represents a dividend yield of 150.0%. PagSeguro Digital's payout ratio is 11.29%.

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.