Rhumbline Advisers Sells 24,470 Shares of PagSeguro Digital Ltd. $PAGS

Key Points

• Rhumbline Advisers has reduced its stake in PagSeguro Digital Ltd. by 8.2%, now owning approximately 0.08% of the company valued at $2.09 million.
• PagSeguro Digital reported earnings per share of $0.34 for the last quarter, exceeding estimates, with a revenue of $930.17 million.
• The company announced a $0.12 dividend, with a yield of 150.0%, payable to shareholders on November 3rd.

Rhumbline Advisers lessened its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 8.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 273,877 shares of the company's stock after selling 24,470 shares during the quarter. Rhumbline Advisers owned 0.08% of PagSeguro Digital worth $2,090,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in PAGS. State of Wyoming lifted its holdings in PagSeguro Digital by 32.8% during the 4th quarter. State of Wyoming now owns 6,436 shares of the company's stock worth $40,000 after purchasing an additional 1,591 shares during the last quarter. Signaturefd LLC grew its stake in shares of PagSeguro Digital by 50.6% during the first quarter. Signaturefd LLC now owns 6,863 shares of the company's stock worth $52,000 after buying an additional 2,306 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of PagSeguro Digital by 14.9% in the first quarter. Teacher Retirement System of Texas now owns 24,169 shares of the company's stock worth $184,000 after purchasing an additional 3,133 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of PagSeguro Digital in the first quarter worth $26,000. Finally, Intellectus Partners LLC grew its stake in shares of 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. Institutional investors own 45.88% of the company's stock.

PagSeguro Digital Stock Performance

NYSE:PAGS traded down $0.08 on Friday, hitting $10.56. The stock had a trading volume of 10,752,115 shares, compared to its average volume of 5,169,807. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $11.16. The firm's fifty day simple moving average is $8.80 and its two-hundred day simple moving average is $8.80. The stock has a market cap of $3.48 billion, a P/E ratio of 8.52, a price-to-earnings-growth ratio of 0.69 and a beta of 1.56.

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

PagSeguro Digital Cuts Dividend

The company also recently declared a -- dividend, which will be paid on Monday, November 3rd. Shareholders of record on Monday, October 6th will be issued a $0.12 dividend. This represents a yield of 150.0%. The ex-dividend date of this dividend is Monday, October 6th. PagSeguro Digital's dividend payout ratio (DPR) is presently 11.29%.

Analyst Ratings Changes

Several research firms recently issued reports on PAGS. Wall Street Zen upgraded shares of PagSeguro Digital from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. JPMorgan Chase & Co. upped their price objective on shares of PagSeguro Digital from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Finally, Bank of America upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and upped their price objective for the company from $10.00 to $13.00 in a report on Friday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $12.29.

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.