PagSeguro Digital Ltd. $PAGS Shares Sold by Tekne Capital Management LLC

Key Points

• Tekne Capital Management LLC reduced its stake in PagSeguro Digital Ltd. by 16.3%, selling 593,285 shares during the first quarter, leaving them with approximately 3,040,000 shares, which accounts for 8.8% of their portfolio.
• PagSeguro Digital recently reported a quarterly EPS of $0.34, exceeding estimates, with a revenue of $930.17 million during the same period.
• The firm declared a special dividend of $0.12 per share with a notable dividend yield of 150.0%, despite having a low dividend payout ratio of 11.29%.

Tekne Capital Management LLC lowered its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 16.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,040,000 shares of the company's stock after selling 593,285 shares during the period. PagSeguro Digital comprises 8.8% of Tekne Capital Management LLC's holdings, making the stock its 3rd largest holding. Tekne Capital Management LLC owned about 0.92% of PagSeguro Digital worth $23,195,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. bought a new position in shares of PagSeguro Digital during the first quarter valued at $26,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of PagSeguro Digital by 626.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company's stock worth $39,000 after buying an additional 4,435 shares during the period. State of Wyoming increased its position in shares of PagSeguro Digital by 32.8% during the fourth quarter. State of Wyoming now owns 6,436 shares of the company's stock worth $40,000 after buying an additional 1,591 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of 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 buying 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 worth $52,000 after buying an additional 2,306 shares during the period. Institutional investors own 45.88% of the company's stock.

PagSeguro Digital Stock Up 0.3%

PAGS traded up $0.03 during midday trading on Monday, hitting $8.96. The company had a trading volume of 3,073,823 shares, compared to its average volume of 4,809,620. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $11.32. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 7.22, a PEG ratio of 0.61 and a beta of 1.56. The stock's 50 day moving average price is $8.69 and its 200 day moving average price is $8.60.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. PagSeguro Digital had a net margin of 11.04% and a return on equity of 15.52%. The firm had revenue of $930.17 million during the quarter, compared to the consensus estimate of $901.10 million. Research analysts predict 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 paid a $0.12 dividend. This represents a yield of 150.0%. The ex-dividend date of this dividend was Wednesday, July 16th. PagSeguro Digital's payout ratio is 11.29%.

Analysts Set New Price Targets

PAGS has been the subject of several recent analyst reports. Susquehanna decreased their price objective on shares of PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a research report on Wednesday, May 14th. Wall Street Zen upgraded shares of PagSeguro Digital from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of PagSeguro Digital from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, PagSeguro Digital presently has an average rating of "Moderate Buy" and an average target price of $11.36.

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.