Robeco Institutional Asset Management B.V. Lowers Stock Position in PagSeguro Digital Ltd. $PAGS

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in PagSeguro Digital Ltd. by 44.2% during Q2, owning 2,779,703 shares after selling 2,201,037 shares.
• PagSeguro recently faced a downgrade in ratings by several analysts, with Bank of America upgrading it to a "buy" while Zacks Research downgraded it to a "hold".
• The company reported $0.34 EPS for the last quarter, exceeding estimates, and announced a $0.12 dividend scheduled for November 3rd, which indicates a yield of 150.0%.

Robeco Institutional Asset Management B.V. cut its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 44.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,779,703 shares of the company's stock after selling 2,201,037 shares during the period. Robeco Institutional Asset Management B.V. owned 0.84% of PagSeguro Digital worth $26,796,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in PagSeguro Digital by 626.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company's stock worth $39,000 after buying an additional 4,435 shares in the last quarter. Aurora Investment Counsel boosted its holdings in PagSeguro Digital by 19.1% during the first quarter. Aurora Investment Counsel now owns 247,732 shares of the company's stock worth $1,890,000 after buying an additional 39,697 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in PagSeguro Digital by 166.9% during the first quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company's stock worth $51,000 after buying an additional 4,180 shares in the last quarter. SG Americas Securities LLC purchased a new stake in PagSeguro Digital during the first quarter worth $329,000. Finally, Teacher Retirement System of Texas boosted its holdings in PagSeguro Digital by 14.9% during the first quarter. Teacher Retirement System of Texas now owns 24,169 shares of the company's stock worth $184,000 after buying an additional 3,133 shares in the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PAGS shares. Bank of America raised shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and increased their price target for the stock from $10.00 to $13.00 in a report on Friday, September 19th. Wall Street Zen downgraded shares of PagSeguro Digital from a "strong-buy" rating to a "buy" rating in a report on Saturday. JPMorgan Chase & Co. increased their price objective on shares of PagSeguro Digital from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of PagSeguro Digital in a report on Saturday, September 27th. Finally, Zacks Research downgraded shares of PagSeguro Digital from a "strong-buy" rating to a "hold" rating in a report on Friday, September 19th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, PagSeguro Digital currently has an average rating of "Moderate Buy" and an average target price of $12.33.

PagSeguro Digital Trading Down 2.3%

PAGS stock opened at $9.36 on Friday. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 7.54, a PEG ratio of 0.49 and a beta of 1.57. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $11.16. The firm has a 50-day moving average of $9.15 and a two-hundred day moving average of $8.95.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. The company had revenue of $930.17 million during the quarter, compared to the consensus estimate of $901.10 million. PagSeguro Digital had a net margin of 11.04% and a return on equity of 15.52%. As a group, equities analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Cuts Dividend

The firm also recently disclosed a -- dividend, which will be paid on Monday, November 3rd. Shareholders of record on Monday, October 6th will be issued a $0.12 dividend. The ex-dividend date is Monday, October 6th. This represents a yield of 150.0%. PagSeguro Digital's dividend payout ratio is presently 11.29%.

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.

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