Trexquant Investment LP Decreases Stock Holdings in PagSeguro Digital Ltd. $PAGS

Key Points

• Trexquant Investment LP significantly reduced its holdings in PagSeguro Digital by 46.2%, selling 314,449 shares and now owns a total of 366,266 shares worth approximately $2.8 million.
• PagSeguro Digital's latest quarterly results showed an earnings per share (EPS) of $0.34, exceeding analysts' expectations, with revenue reported at $930.17 million, surpassing the forecast of $901.10 million.
• Several hedge funds, including Nuveen LLC and Millennium Management, have made substantial investments in PagSeguro Digital, with 45.88% of the company's stock owned by institutional investors.

Trexquant Investment LP cut its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 46.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 366,266 shares of the company's stock after selling 314,449 shares during the quarter. Trexquant Investment LP owned 0.11% of PagSeguro Digital worth $2,795,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in PAGS. Nuveen LLC purchased a new position in shares of PagSeguro Digital in the first quarter worth $59,603,000. Millennium Management LLC increased its stake in shares of PagSeguro Digital by 870.4% in the fourth 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 period. Sylebra Capital LLC increased its stake in shares of PagSeguro Digital by 53.0% in the fourth quarter. Sylebra Capital LLC now owns 12,143,691 shares of the company's stock worth $76,020,000 after buying an additional 4,208,192 shares during the period. Saba Capital Management L.P. increased its stake in shares of PagSeguro Digital by 147.1% in the fourth quarter. Saba Capital Management L.P. now owns 1,877,626 shares of the company's stock worth $11,754,000 after buying an additional 1,117,811 shares during the period. Finally, Jefferies Financial Group Inc. purchased a new position in shares of PagSeguro Digital in the fourth quarter worth $6,577,000. 45.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wall Street Zen raised shares of PagSeguro Digital from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. boosted their price objective on shares of PagSeguro Digital from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Finally, Susquehanna reduced their price objective on shares of PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating on the stock in a research report on Wednesday, May 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $12.17.

PagSeguro Digital Stock Up 3.5%

Shares of PAGS stock traded up $0.33 during mid-day trading on Friday, reaching $9.59. 5,155,508 shares of the company's stock traded hands, compared to its average volume of 4,559,176. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $10.21. The company has a market cap of $3.16 billion, a P/E ratio of 7.33, a P/E/G ratio of 0.65 and a beta of 1.57. The company's 50-day moving average price is $8.66 and its 200-day moving average price is $8.64.

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

PagSeguro Digital Cuts Dividend

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

PagSeguro Digital Company 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.