PagSeguro Digital Ltd. $PAGS Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its holdings in PagSeguro Digital by 5.5%, selling 34,043 shares during the first quarter, leaving it with approximately 582,990 shares valued at $4.6 million.
• PagSeguro Digital's stock received a neutral rating from JPMorgan Chase & Co. with a boosted target price of $13.00, while Susquehanna set a positive rating with a target price of $14.00.
• The company recently declared a dividend yield of 150%, though it has cut the dividend payout, with the latest payment on August 15th amounting to $0.12 per share.

Russell Investments Group Ltd. reduced its position in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 5.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 582,990 shares of the company's stock after selling 34,043 shares during the quarter. Russell Investments Group Ltd. owned 0.18% of PagSeguro Digital worth $4,613,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Sylebra Capital LLC raised its holdings in PagSeguro Digital by 53.0% in the fourth quarter. Sylebra Capital LLC now owns 12,143,691 shares of the company's stock worth $76,020,000 after purchasing an additional 4,208,192 shares in the last quarter. Nuveen LLC bought a new position in PagSeguro Digital in the first quarter worth about $59,603,000. Millennium Management LLC increased its holdings in shares of PagSeguro Digital by 870.4% during the fourth quarter. Millennium Management LLC now owns 6,271,376 shares of the company's stock valued at $39,259,000 after acquiring an additional 5,625,121 shares in the last quarter. Voloridge Investment Management LLC increased its holdings in shares of PagSeguro Digital by 53.9% during the fourth quarter. Voloridge Investment Management LLC now owns 2,766,492 shares of the company's stock valued at $17,318,000 after acquiring an additional 968,926 shares in the last quarter. Finally, Saba Capital Management L.P. increased its holdings in shares of PagSeguro Digital by 147.1% during the fourth quarter. Saba Capital Management L.P. now owns 1,877,626 shares of the company's stock valued at $11,754,000 after acquiring an additional 1,117,811 shares in the last quarter. 45.88% of the stock is currently owned by institutional investors.

PagSeguro Digital Trading Up 1.5%

PagSeguro Digital stock traded up $0.13 during mid-day trading on Wednesday, hitting $8.68. The company had a trading volume of 12,810,768 shares, compared to its average volume of 4,415,248. PagSeguro Digital Ltd. has a 12-month low of $6.11 and a 12-month high of $11.32. The company's fifty day moving average is $8.70 and its 200-day moving average is $8.57. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 7.00, a P/E/G ratio of 0.58 and a beta of 1.57.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.34 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $901.10 million. As a group, sell-side analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Cuts Dividend

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

Analyst Upgrades and Downgrades

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

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.