SG Americas Securities LLC Purchases New Shares in PagSeguro Digital Ltd. (NYSE:PAGS)

SG Americas Securities LLC bought a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 43,075 shares of the company's stock, valued at approximately $329,000.

Other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC increased its holdings in shares of PagSeguro Digital by 870.4% in the 4th quarter. Millennium Management LLC now owns 6,271,376 shares of the company's stock worth $39,259,000 after buying an additional 5,625,121 shares during the last quarter. Sylebra Capital LLC increased its stake in PagSeguro Digital by 53.0% in the fourth quarter. Sylebra Capital LLC now owns 12,143,691 shares of the company's stock valued at $76,020,000 after acquiring an additional 4,208,192 shares during the last quarter. Marshall Wace LLP increased its stake in PagSeguro Digital by 307.4% in the fourth quarter. Marshall Wace LLP now owns 4,459,616 shares of the company's stock valued at $27,917,000 after acquiring an additional 3,364,926 shares during the last quarter. Azora Capital LP purchased a new stake in PagSeguro Digital during the fourth quarter valued at about $8,604,000. Finally, Saba Capital Management L.P. lifted its stake in 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 worth $11,754,000 after purchasing an additional 1,117,811 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors.

PagSeguro Digital Stock Performance

Shares of NYSE PAGS traded down $0.02 during mid-day trading on Friday, hitting $9.36. The stock had a trading volume of 850,814 shares, compared to its average volume of 5,288,971. The firm has a market cap of $3.08 billion, a P/E ratio of 7.67, a price-to-earnings-growth ratio of 0.68 and a beta of 1.58. The business has a 50 day moving average price of $9.20 and a two-hundred day moving average price of $8.01. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $14.82.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. The firm had revenue of $857.50 million during the quarter, compared to the consensus estimate of $914.45 million. PagSeguro Digital had a net margin of 11.15% and a return on equity of 15.43%. Equities research analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Cuts Dividend

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

Analysts Set New Price Targets

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