Robeco Institutional Asset Management B.V. Grows Stake in PagSeguro Digital Ltd. $PAGS

Key Points

• Robeco Institutional Asset Management boosted its stake in PagSeguro by 108.2% in Q4 to 6,610,914 shares, valued at about $63.73 million, and institutional investors now own 45.88% of the company.
• Director Luis Frias purchased 498,500 shares at an average price of $9.96 on March 27, increasing his holdings to 2,673,605 shares (a 22.92% rise) worth roughly $26.63 million.
• PagSeguro declared a quarterly dividend of $0.26 (annualized $1.04) implying a 9.8% yield with an ex-dividend date of April 22 and pay date June 1; the company reported Q earnings of $0.43 EPS (beat) while revenue missed expectations, and the stock trades at a P/E of 8.32 with a $3.51 billion market cap.

Robeco Institutional Asset Management B.V. grew its holdings in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 108.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,610,914 shares of the company's stock after acquiring an additional 3,435,211 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in PagSeguro Digital were worth $63,729,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Polunin Capital Partners Ltd increased its holdings in shares of PagSeguro Digital by 0.4% in the 4th quarter. Polunin Capital Partners Ltd now owns 4,450,160 shares of the company's stock valued at $44,858,000 after acquiring an additional 16,700 shares during the last quarter. Causeway Capital Management LLC grew its stake in PagSeguro Digital by 44.6% during the 3rd quarter. Causeway Capital Management LLC now owns 3,892,125 shares of the company's stock worth $38,921,000 after buying an additional 1,200,587 shares during the last quarter. Maple Rock Capital Partners Inc. purchased a new position in PagSeguro Digital during the 3rd quarter worth approximately $28,011,000. Voloridge Investment Management LLC grew its stake in PagSeguro Digital by 6.1% during the 3rd quarter. Voloridge Investment Management LLC now owns 2,668,473 shares of the company's stock worth $26,685,000 after buying an additional 153,067 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in PagSeguro Digital by 12.6% during the 3rd quarter. Marshall Wace LLP now owns 2,286,192 shares of the company's stock worth $22,862,000 after buying an additional 256,606 shares during the last quarter. Hedge funds and other institutional investors own 45.88% of the company's stock.

Insiders Place Their Bets

In other news, Director Luis Frias acquired 498,500 shares of the company's stock in a transaction that occurred on Friday, March 27th. The stock was purchased at an average cost of $9.96 per share, with a total value of $4,965,060.00. Following the purchase, the director directly owned 2,673,605 shares of the company's stock, valued at approximately $26,629,105.80. This trade represents a 22.92% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of PagSeguro Digital in a research report on Thursday, January 22nd. UBS Group increased their price objective on PagSeguro Digital from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Wednesday, January 28th. Finally, Wall Street Zen cut PagSeguro Digital from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $11.86.

PagSeguro Digital Price Performance

PAGS opened at $10.66 on Monday. The business has a 50 day simple moving average of $10.39 and a 200-day simple moving average of $10.03. The stock has a market capitalization of $3.51 billion, a P/E ratio of 8.32, a P/E/G ratio of 0.43 and a beta of 1.42. PagSeguro Digital Ltd. has a 12 month low of $7.74 and a 12 month high of $12.32.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $991.79 million during the quarter, compared to analysts' expectations of $1.03 billion. PagSeguro Digital had a return on equity of 16.20% and a net margin of 10.37%. Research analysts anticipate that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

PagSeguro Digital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, April 22nd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend is Wednesday, April 22nd. PagSeguro Digital's dividend payout ratio (DPR) is currently 10.94%.

PagSeguro Digital Profile

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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