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 filing with the Securities & Exchange Commission. The fund purchased 56,620 shares of the company's stock, valued at approximately $354,000.
Several other institutional investors have also added to or reduced their stakes in the stock. Millennium Management LLC boosted its position in shares of PagSeguro Digital by 870.4% during the fourth quarter. Millennium Management LLC now owns 6,271,376 shares of the company's stock valued at $39,259,000 after purchasing an additional 5,625,121 shares in the last quarter. Marshall Wace LLP raised its holdings in PagSeguro Digital by 307.4% in the fourth quarter. Marshall Wace LLP now owns 4,459,616 shares of the company's stock worth $27,917,000 after purchasing an additional 3,364,926 shares in the last quarter. Azora Capital LP purchased a new position in PagSeguro Digital during the fourth quarter valued at $8,604,000. Saba Capital Management L.P. lifted its position 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 valued at $11,754,000 after buying an additional 1,117,811 shares during the period. Finally, Contrarius Group Holdings Ltd bought a new stake in shares of PagSeguro Digital during the 4th quarter valued at $6,822,000. 45.88% of the stock is currently owned by institutional investors.
PagSeguro Digital Stock Down 2.2%
PagSeguro Digital stock traded down $0.20 during trading hours on Monday, hitting $8.65. The stock had a trading volume of 8,058,679 shares, compared to its average volume of 4,956,265. The stock's 50-day moving average price is $8.80 and its 200-day moving average price is $7.80. The stock has a market capitalization of $2.85 billion, a P/E ratio of 7.15, a price-to-earnings-growth ratio of 0.51 and a beta of 1.70. PagSeguro Digital Ltd. has a 12-month low of $6.11 and a 12-month high of $14.82.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. The company had revenue of $857.50 million during the quarter, compared to analyst estimates of $914.45 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. On average, research analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.
PagSeguro Digital Announces Dividend
The firm also recently declared a -- dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, May 23rd. PagSeguro Digital's dividend payout ratio is currently 11.48%.
Analysts Set New Price Targets
Several brokerages recently issued reports on PAGS. Citigroup upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and increased their price target for the stock from $7.00 to $10.00 in a research note on Tuesday, April 22nd. Barclays decreased their target price on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Finally, Susquehanna lowered their target price on shares of 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 assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $11.63.
Get Our Latest Analysis on PagSeguro Digital
About PagSeguro Digital
(
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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