Perpetual Ltd Acquires 189,524 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Perpetual Ltd increased its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 227.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 272,741 shares of the company's stock after acquiring an additional 189,524 shares during the quarter. Perpetual Ltd owned approximately 0.08% of PagSeguro Digital worth $2,081,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of PAGS. Sylebra Capital LLC raised its holdings in shares of PagSeguro Digital by 53.0% during the fourth quarter. Sylebra Capital LLC now owns 12,143,691 shares of the company's stock valued at $76,020,000 after purchasing an additional 4,208,192 shares during the period. Millennium Management LLC increased its position in PagSeguro Digital by 870.4% in the 4th quarter. Millennium Management LLC now owns 6,271,376 shares of the company's stock valued at $39,259,000 after buying an additional 5,625,121 shares in the last quarter. Marshall Wace LLP increased its position in PagSeguro Digital by 307.4% in the 4th quarter. Marshall Wace LLP now owns 4,459,616 shares of the company's stock valued at $27,917,000 after buying an additional 3,364,926 shares in the last quarter. Voloridge Investment Management LLC raised its stake in PagSeguro Digital by 53.9% during the 4th quarter. Voloridge Investment Management LLC now owns 2,766,492 shares of the company's stock worth $17,318,000 after buying an additional 968,926 shares during the period. Finally, Saba Capital Management L.P. boosted its holdings in PagSeguro Digital by 147.1% in the fourth quarter. Saba Capital Management L.P. now owns 1,877,626 shares of the company's stock worth $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 and hedge funds.

PagSeguro Digital Trading Down 2.0%

Shares of NYSE:PAGS traded down $0.19 during mid-day trading on Tuesday, hitting $9.45. 5,245,417 shares of the company traded hands, compared to its average volume of 5,310,948. The stock has a 50-day moving average price of $9.24 and a two-hundred day moving average price of $8.06. PagSeguro Digital Ltd. has a 12-month low of $6.11 and a 12-month high of $14.82. The stock has a market cap of $3.11 billion, a P/E ratio of 7.75, a P/E/G ratio of 0.70 and a beta of 1.59.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. The business had revenue of $857.50 million for the quarter, compared to analysts' expectations of $914.45 million. PagSeguro Digital had a return on equity of 15.43% and a net margin of 11.15%. As a group, analysts expect that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Cuts Dividend

The company also recently declared a -- dividend, which will be paid on Friday, August 15th. Investors of record on Wednesday, July 16th will be given a dividend of $0.12 per share. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, July 16th. PagSeguro Digital's payout ratio is currently 11.48%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PAGS. Citigroup raised PagSeguro Digital from a "neutral" rating to a "buy" rating and raised their price objective for the company from $7.00 to $10.00 in a research note on Tuesday, April 22nd. Susquehanna cut their target price on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating on the stock in a report on Wednesday, May 14th. Finally, Barclays reduced their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.63.

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.