Public Employees Retirement System of Ohio Invests $1.51 Million in PagSeguro Digital Ltd. $PAGS

Key Points

• Ohio’s public employees’ retirement system bought 166,512 PagSeguro Digital shares worth approximately $1.51 million, while institutional investors and hedge funds collectively own 45.88% of the company.
• Analyst sentiment is largely neutral: PagSeguro has a consensus “Hold” rating from nine analysts, with an average price target of $10.98 versus a recent share price of $9.75.
• PagSeguro beat quarterly EPS estimates, reporting $0.41 versus the expected $0.39, but revenue of $942.97 million came below expectations. The company also raised its quarterly dividend to $0.28, implying an annualized yield of about 11.5%.

Public Employees Retirement System of Ohio bought a new stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 166,512 shares of the company's stock, valued at approximately $1,507,000. Public Employees Retirement System of Ohio owned approximately 0.06% of PagSeguro Digital at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of PagSeguro Digital by 77.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company's stock worth $40,000 after acquiring an additional 1,821 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of PagSeguro Digital during the fourth quarter worth approximately $45,000. Meeder Asset Management Inc. acquired a new position in PagSeguro Digital in the 4th quarter valued at $53,000. Osaic Holdings Inc. lifted its holdings in PagSeguro Digital by 93.4% in the 2nd quarter. Osaic Holdings Inc. now owns 7,891 shares of the company's stock valued at $76,000 after purchasing an additional 3,810 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in PagSeguro Digital in the 4th quarter valued at $99,000. Institutional investors and hedge funds own 45.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PAGS shares. Weiss Ratings cut shares of PagSeguro Digital from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, June 23rd. Bank of America cut shares of PagSeguro Digital from a "buy" rating to a "neutral" rating and set a $10.00 target price for the company. in a research report on Wednesday, July 15th. Wall Street Zen downgraded shares of PagSeguro Digital from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Jefferies Financial Group assumed coverage on shares of PagSeguro Digital in a research report on Thursday, July 23rd. They set a "hold" rating and a $10.40 price target on the stock. Finally, UBS Group dropped their price objective on shares of PagSeguro Digital from $14.00 to $12.50 and set a "buy" rating for the company in a research note on Friday, July 17th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $10.98.

PagSeguro Digital Price Performance

Shares of NYSE PAGS opened at $9.75 on Tuesday. The company has a market capitalization of $2.73 billion, a P/E ratio of 6.82, a P/E/G ratio of 0.48 and a beta of 1.29. The company has a 50 day simple moving average of $9.17 and a 200-day simple moving average of $9.59. PagSeguro Digital Ltd. has a 1 year low of $8.42 and a 1 year high of $12.32.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. The firm had revenue of $942.97 million for the quarter, compared to analysts' expectations of $1 billion. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. As a group, research analysts expect that PagSeguro Digital Ltd. will post 1.67 EPS for the current year.

PagSeguro Digital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.28 dividend. This is a positive change from PagSeguro Digital's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 11.5%. PagSeguro Digital's payout ratio is presently 72.73%.

Insider Activity at PagSeguro Digital

In other news, insider Silva Dutra sold 25,000 shares of the company's stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $9.24, for a total value of $231,000.00. Following the transaction, the insider directly owned 25,000 shares in the company, valued at approximately $231,000. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

About PagSeguro Digital

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company's product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.

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