Sylebra Capital LLC Has $45.89 Million Holdings in PagSeguro Digital Ltd. $PAGS

Key Points

• Sylebra Capital LLC reduced its stake in PagSeguro Digital Ltd. by 21.1%, selling 1,609,991 shares during the 1st quarter, leaving them with 6,013,961 shares.
• PagSeguro Digital reported $0.34 EPS for the last quarter, exceeding the consensus estimate of $0.31, with a revenue of $930.17 million.
• The company announced a $0.12 dividend, indicating a yield of 150.0%, with the ex-dividend date set for October 6th.

Sylebra Capital LLC trimmed its position in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 21.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,013,961 shares of the company's stock after selling 1,609,991 shares during the period. PagSeguro Digital makes up about 2.3% of Sylebra Capital LLC's holdings, making the stock its 12th biggest position. Sylebra Capital LLC owned approximately 1.82% of PagSeguro Digital worth $45,887,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. PDT Partners LLC grew its position in PagSeguro Digital by 249.1% in the first quarter. PDT Partners LLC now owns 228,310 shares of the company's stock valued at $1,742,000 after acquiring an additional 162,907 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in shares of PagSeguro Digital during the first quarter worth approximately $1,003,000. Itau Unibanco Holding S.A. acquired a new stake in shares of PagSeguro Digital during the first quarter worth approximately $2,198,000. Ieq Capital LLC acquired a new position in PagSeguro Digital in the first quarter worth $101,000. Finally, American Century Companies Inc. increased its position in PagSeguro Digital by 7.9% in the first quarter. American Century Companies Inc. now owns 308,189 shares of the company's stock worth $2,351,000 after buying an additional 22,602 shares during the period. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PAGS has been the topic of a number of research analyst reports. Wall Street Zen raised PagSeguro Digital from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. JPMorgan Chase & Co. lifted their target price on PagSeguro Digital from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $12.17.

PagSeguro Digital Price Performance

Shares of PagSeguro Digital stock traded up $0.06 during midday trading on Friday, hitting $9.54. 2,249,640 shares of the company were exchanged, compared to its average volume of 5,070,260. The firm has a market cap of $3.15 billion, a P/E ratio of 7.69, a PEG ratio of 0.63 and a beta of 1.57. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $10.21. The firm has a 50 day simple moving average of $8.66 and a 200-day simple moving average of $8.67.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $901.10 million. Equities research analysts expect that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Cuts Dividend

The firm also recently announced a -- dividend, which will be paid on Monday, November 3rd. Investors of record on Monday, October 6th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, October 6th. This represents a dividend yield of 150.0%. PagSeguro Digital's 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.