Perpetual Ltd Has $1.21 Million Holdings in PagSeguro Digital Ltd. $PAGS

Key Points

• Perpetual Ltd has reduced its stake in PagSeguro Digital Ltd by 54%, selling 147,304 shares, and currently holds 125,437 shares valued at approximately $1.2 million.
• Equities analysts have recently reacted positively, with Bank of America upgrading the stock from "neutral" to "buy" and increasing the target price from $10 to $13.
• PagSeguro Digital announced a dividend of $0.12 to be paid on November 3rd, representing a high dividend yield of 150% despite a relatively low dividend payout ratio of 11.29%.

Perpetual Ltd reduced its stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 54.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,437 shares of the company's stock after selling 147,304 shares during the quarter. Perpetual Ltd's holdings in PagSeguro Digital were worth $1,209,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PAGS. Nuveen LLC bought a new position in PagSeguro Digital in the 1st quarter valued at about $59,603,000. Jefferies Financial Group Inc. bought a new position in shares of PagSeguro Digital during the fourth quarter worth approximately $6,577,000. Ameriprise Financial Inc. increased its holdings in shares of PagSeguro Digital by 3,375.8% during the fourth quarter. Ameriprise Financial Inc. now owns 698,645 shares of the company's stock worth $4,374,000 after purchasing an additional 678,545 shares during the period. Artemis Investment Management LLP bought a new position in shares of PagSeguro Digital during the first quarter worth approximately $2,249,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of PagSeguro Digital during the first quarter worth approximately $2,198,000. 45.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PAGS has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of PagSeguro Digital from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Bank of America raised shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $10.00 to $13.00 in a research note on Friday. Wall Street Zen raised shares of PagSeguro Digital from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 13th. Finally, Zacks Research downgraded PagSeguro Digital from a "strong-buy" rating to a "hold" rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, PagSeguro Digital currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.29.

PagSeguro Digital Stock Up 0.0%

Shares of NYSE PAGS traded up $0.01 during midday trading on Tuesday, reaching $10.23. 1,760,880 shares of the company were exchanged, compared to its average volume of 5,130,178. The stock's 50-day moving average price is $8.83 and its 200-day moving average price is $8.82. The stock has a market cap of $3.37 billion, a P/E ratio of 8.26, a PEG ratio of 0.69 and a beta of 1.56. PagSeguro Digital Ltd. has a one year low of $6.11 and a one year high of $11.16.

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

PagSeguro Digital Cuts Dividend

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

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.