Vident Advisory LLC Has $105,000 Stock Holdings in PagSeguro Digital Ltd. $PAGS

Key Points

• Vident Advisory LLC significantly reduced its holdings in PagSeguro Digital Ltd. by 88.0% in the first quarter, leaving it with stock worth $105,000.
• Several institutional investors are adjusting their stakes, with Mirae Asset Global Investments increasing its position by 626.4% during the same period.
• PagSeguro Digital's shares are currently priced at $9.26, and analysts have set a consensus rating of "Moderate Buy" with an average target price of $12.17.

Vident Advisory LLC trimmed its holdings in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 88.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,725 shares of the company's stock after selling 100,695 shares during the quarter. Vident Advisory LLC's holdings in PagSeguro Digital were worth $105,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PAGS. PNC Financial Services Group Inc. bought a new stake in PagSeguro Digital during the 1st quarter worth about $26,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of PagSeguro Digital by 626.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company's stock valued at $39,000 after purchasing an additional 4,435 shares during the period. State of Wyoming grew its position 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. Harbor Capital Advisors Inc. boosted its position in PagSeguro Digital by 166.9% during the 1st quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company's stock worth $51,000 after acquiring an additional 4,180 shares during the last quarter. Finally, Signaturefd LLC boosted its position in PagSeguro Digital by 50.6% during the 1st quarter. Signaturefd LLC now owns 6,863 shares of the company's stock worth $52,000 after acquiring an additional 2,306 shares during the last quarter. 45.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on PagSeguro Digital from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Susquehanna decreased their price target on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating on the stock in a research report on Wednesday, May 14th. Finally, Wall Street Zen upgraded PagSeguro Digital from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, PagSeguro Digital presently has a consensus rating of "Moderate Buy" and an average target price of $12.17.

PagSeguro Digital Stock Down 2.8%

Shares of NYSE:PAGS opened at $9.26 on Thursday. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 7.46, a PEG ratio of 0.65 and a beta of 1.57. The stock's 50 day moving average is $8.66 and its 200-day moving average is $8.66. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $10.21.

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, beating analysts' consensus estimates of $0.31 by $0.03. The business had revenue of $930.17 million during the quarter, compared to analyst estimates of $901.10 million. PagSeguro Digital had a return on equity of 15.52% and a net margin of 11.04%. Equities research analysts anticipate that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

PagSeguro Digital Cuts Dividend

The firm also recently announced a -- dividend, which will be paid on Monday, November 3rd. Stockholders of record on Monday, October 6th will be given 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 dividend payout ratio (DPR) is currently 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.

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