Quantbot Technologies LP Sells 494,344 Shares of PagSeguro Digital Ltd. $PAGS

Key Points

• Quantbot Technologies LP has significantly reduced its holdings in PagSeguro Digital Ltd. by selling 494,344 shares, leaving it with only 44,328 shares as of the latest SEC filing.
• PagSeguro Digital received a buy rating upgrade from Wall Street Zen, while several analysts have assigned mixed ratings, including one Strong Buy and four Holds.
• The company's latest earnings report outperformed expectations, with an EPS of $0.34, surpassing the consensus estimate of $0.31, and generating revenue of $930.17 million.

Quantbot Technologies LP lessened its position in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 91.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,328 shares of the company's stock after selling 494,344 shares during the quarter. Quantbot Technologies LP's holdings in PagSeguro Digital were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Sylebra Capital LLC boosted its position 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 in the last quarter. Nuveen LLC bought a new stake in shares of PagSeguro Digital during the first quarter valued at approximately $59,603,000. Millennium Management LLC boosted its position in shares of PagSeguro Digital by 870.4% during the fourth quarter. Millennium Management LLC now owns 6,271,376 shares of the company's stock valued at $39,259,000 after purchasing an additional 5,625,121 shares in the last quarter. Voloridge Investment Management LLC boosted its position in shares of PagSeguro Digital by 53.9% during the fourth quarter. Voloridge Investment Management LLC now owns 2,766,492 shares of the company's stock valued at $17,318,000 after purchasing an additional 968,926 shares in the last quarter. Finally, Saba Capital Management L.P. boosted its position in shares of PagSeguro Digital by 147.1% during the fourth quarter. Saba Capital Management L.P. now owns 1,877,626 shares of the company's stock valued at $11,754,000 after purchasing an additional 1,117,811 shares in the last quarter. 45.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded PagSeguro Digital from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. lifted their price target on PagSeguro Digital from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Finally, Susquehanna dropped their price target on 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 investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $11.36.

PagSeguro Digital Trading Down 0.8%

PagSeguro Digital stock opened at $8.55 on Wednesday. The business's fifty day simple moving average is $8.71 and its two-hundred day simple moving average is $8.57. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $11.32. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 6.89, a price-to-earnings-growth ratio of 0.59 and a beta of 1.57.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. PagSeguro Digital had a return on equity of 15.52% and a net margin of 11.04%.The business had revenue of $930.17 million for the quarter, compared to the consensus estimate of $901.10 million. On average, 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 declared a -- dividend, which was paid on Friday, August 15th. Stockholders of record on Wednesday, July 16th were issued a dividend of $0.12 per share. This represents a dividend yield of 150.0%. The ex-dividend date of this dividend was Wednesday, July 16th. PagSeguro Digital's dividend payout ratio is presently 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.

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