Public Employees Retirement System of Ohio Buys 267,765 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Public Employees Retirement System of Ohio increased its holdings in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 94.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 550,117 shares of the company's stock after buying an additional 267,765 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.17% of PagSeguro Digital worth $3,444,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in PagSeguro Digital by 1,306.5% during the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company's stock valued at $29,000 after acquiring an additional 4,233 shares during the period. State of Wyoming increased its holdings 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 in the last quarter. Advisory Services Network LLC acquired a new stake in shares of PagSeguro Digital during the fourth quarter worth approximately $66,000. Raymond James Financial Inc. acquired a new stake in shares of PagSeguro Digital during the fourth quarter worth approximately $79,000. Finally, Wexford Capital LP acquired a new stake in shares of PagSeguro Digital during the fourth quarter worth approximately $90,000. 45.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

PagSeguro Digital Trading Down 1.8%

Shares of PagSeguro Digital stock traded down $0.16 during trading on Wednesday, hitting $8.97. 10,505,873 shares of the stock were exchanged, compared to its average volume of 5,058,766. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of 0.51 and a beta of 1.70. The company has a fifty day moving average price of $8.90 and a 200-day moving average price of $7.84. PagSeguro Digital Ltd. has a 1-year low of $6.11 and a 1-year high of $14.82.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. The company had revenue of $857.50 million for the quarter, compared to analyst estimates of $914.45 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. Equities research analysts forecast that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Dividend Announcement

The business also recently announced a -- dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, May 23rd. PagSeguro Digital's payout ratio is 11.48%.

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.