Teza Capital Management LLC purchased a new stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 56,620 shares of the company's stock, valued at approximately $354,000.
A number of other hedge funds also recently made changes to their positions in the business. State of Wyoming grew its stake in shares of PagSeguro Digital by 32.8% in the 4th quarter. State of Wyoming now owns 6,436 shares of the company's stock valued at $40,000 after purchasing an additional 1,591 shares during the period. Saba Capital Management L.P. boosted its stake in PagSeguro Digital by 147.1% in the 4th quarter. Saba Capital Management L.P. now owns 1,877,626 shares of the company's stock valued at $11,754,000 after buying an additional 1,117,811 shares in the last quarter. ProShare Advisors LLC grew its position in PagSeguro Digital by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 53,110 shares of the company's stock valued at $332,000 after acquiring an additional 17,474 shares during the period. Man Group plc grew its position in PagSeguro Digital by 56.1% in the fourth quarter. Man Group plc now owns 44,236 shares of the company's stock valued at $277,000 after acquiring an additional 15,902 shares during the period. Finally, Millennium Management LLC raised its stake in PagSeguro Digital by 870.4% during the fourth quarter. Millennium Management LLC now owns 6,271,376 shares of the company's stock worth $39,259,000 after acquiring an additional 5,625,121 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company's stock.
Analysts Set New Price Targets
PAGS has been the topic of several analyst reports. Susquehanna lowered their target price on shares of PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating on the stock in a report on Wednesday, May 14th. Barclays decreased their price objective on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Finally, Citigroup upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and lifted their target price for the company from $7.00 to $10.00 in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $11.63.
Check Out Our Latest Stock Report on PAGS
PagSeguro Digital Stock Performance
Shares of NYSE PAGS traded down $0.20 during trading on Friday, reaching $8.65. The company had a trading volume of 8,058,679 shares, compared to its average volume of 4,967,160. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.82. The business's 50 day moving average price is $8.80 and its 200-day moving average price is $7.80. The stock has a market cap of $2.85 billion, a PE ratio of 7.15, a PEG ratio of 0.51 and a beta of 1.70.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. The firm had revenue of $857.50 million during the quarter, compared to analysts' expectations of $914.45 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. Equities analysts anticipate that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.
PagSeguro Digital Dividend Announcement
The company also recently declared a -- dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, May 23rd. PagSeguro Digital's dividend payout ratio (DPR) is presently 11.48%.
PagSeguro Digital Company Profile
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Free Report)
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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