Robeco Institutional Asset Management B.V. Sells 1,372,347 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Robeco Institutional Asset Management B.V. cut its holdings in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 21.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,980,740 shares of the company's stock after selling 1,372,347 shares during the period. Robeco Institutional Asset Management B.V. owned about 1.51% of PagSeguro Digital worth $38,003,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Principal Financial Group Inc. increased its holdings in PagSeguro Digital by 11.7% during the fourth quarter. Principal Financial Group Inc. now owns 451,110 shares of the company's stock worth $2,824,000 after buying an additional 47,172 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in PagSeguro Digital by 28.5% in the fourth quarter. Sanctuary Advisors LLC now owns 25,422 shares of the company's stock valued at $159,000 after acquiring an additional 5,636 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of PagSeguro Digital during the 4th quarter valued at approximately $665,000. Bellecapital International Ltd. increased its stake in shares of PagSeguro Digital by 37.1% during the 4th quarter. Bellecapital International Ltd. now owns 319,221 shares of the company's stock worth $1,998,000 after purchasing an additional 86,402 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of PagSeguro Digital during the 4th quarter worth approximately $79,000. 45.88% of the stock is owned by institutional investors.

PagSeguro Digital Trading Down 2.0%

Shares of NYSE PAGS traded down $0.19 during mid-day trading on Tuesday, hitting $9.45. The company had a trading volume of 5,245,417 shares, compared to its average volume of 5,310,948. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $14.82. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 7.75, a P/E/G ratio of 0.70 and a beta of 1.59. The stock's 50-day moving average price is $9.24 and its 200-day moving average price is $8.06.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. PagSeguro Digital had a return on equity of 15.43% and a net margin of 11.15%. The business had revenue of $857.50 million during the quarter, compared to the consensus estimate of $914.45 million. As a group, equities research analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Cuts Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, August 15th. Investors of record on Wednesday, July 16th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a yield of 1.5%. PagSeguro Digital's dividend payout ratio is currently 11.48%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on PAGS shares. Citigroup upgraded PagSeguro Digital from a "neutral" rating to a "buy" rating and upped their price objective for the company from $7.00 to $10.00 in a research note on Tuesday, April 22nd. Barclays dropped their price target on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Susquehanna decreased their price objective on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, PagSeguro Digital presently has an average rating of "Moderate Buy" and an average target price of $11.63.

PagSeguro Digital Profile

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.