PagSeguro Digital Ltd. $PAGS Shares Acquired by PDT Partners LLC

Key Points

• PDT Partners LLC significantly increased its investment in PagSeguro Digital Ltd. by 249.1% during the first quarter, now holding 228,310 shares valued at approximately $1.74 million.
• PagSeguro recently reported an earnings per share (EPS) of $0.34 for the last quarter, exceeding analysts' expectations of $0.31, along with a revenue of $930.17 million.
• Following recent performance, brokerages have mostly rated PagSeguro as a "Moderate Buy," with an average price target set at $11.36, reflecting cautious optimism among analysts.

PDT Partners LLC increased its position in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 249.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 228,310 shares of the company's stock after buying an additional 162,907 shares during the quarter. PDT Partners LLC owned about 0.07% of PagSeguro Digital worth $1,742,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in PAGS. PNC Financial Services Group Inc. purchased a new position in shares of PagSeguro Digital in the 1st quarter worth $26,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in PagSeguro Digital by 626.4% in 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. State of Wyoming increased its holdings in PagSeguro Digital by 32.8% in the 4th quarter. State of Wyoming now owns 6,436 shares of the company's stock valued at $40,000 after purchasing an additional 1,591 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in 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 purchasing an additional 4,180 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in PagSeguro Digital by 50.6% in the 1st quarter. Signaturefd LLC now owns 6,863 shares of the company's stock valued at $52,000 after purchasing an additional 2,306 shares in the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.

PagSeguro Digital Stock Up 3.5%

Shares of PagSeguro Digital stock traded up $0.33 during trading hours on Friday, hitting $9.59. 5,155,508 shares of the company's stock traded hands, compared to its average volume of 4,559,176. The stock has a 50 day simple moving average of $8.66 and a 200-day simple moving average of $8.63. The company has a market cap of $3.16 billion, a PE ratio of 7.73, a PEG ratio of 0.63 and a beta of 1.57. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $10.21.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its 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. The company had revenue of $930.17 million during the quarter, compared to the consensus estimate of $901.10 million. PagSeguro Digital had a return on equity of 15.52% and a net margin of 11.04%. As a group, equities research analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

PagSeguro Digital Cuts Dividend

The firm also recently announced a -- dividend, which will be paid on Monday, November 3rd. Stockholders of record on Monday, October 6th will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, October 6th. This represents a dividend yield of 150.0%. PagSeguro Digital's dividend payout ratio (DPR) is currently 11.29%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PAGS. Wall Street Zen upgraded PagSeguro Digital from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Susquehanna lowered their price target on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. increased their price target on PagSeguro Digital from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $12.17.

PagSeguro Digital Company 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.