Vident Advisory LLC lowered its position in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 88.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 reporting period.
Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new position in PagSeguro Digital during the 1st quarter valued at $26,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of PagSeguro Digital by 626.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company's stock worth $39,000 after purchasing an additional 4,435 shares during the last quarter. State of Wyoming boosted its stake in shares of PagSeguro Digital by 32.8% during the fourth 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. grew its holdings in shares of PagSeguro Digital by 166.9% in the first quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company's stock worth $51,000 after purchasing an additional 4,180 shares during the last quarter. Finally, Signaturefd LLC increased its stake in PagSeguro Digital by 50.6% in the 1st quarter. Signaturefd LLC now owns 6,863 shares of the company's stock worth $52,000 after buying an additional 2,306 shares during the period. 45.88% of the stock is owned by hedge funds and other institutional investors.
PagSeguro Digital Stock Performance
Shares of NYSE PAGS traded up $1.04 during mid-day trading on Tuesday, hitting $10.74. The stock had a trading volume of 10,991,424 shares, compared to its average volume of 4,327,361. The firm has a market cap of $3.54 billion, a PE ratio of 8.66, a PEG ratio of 0.64 and a beta of 1.57. The company has a 50 day moving average of $8.70 and a two-hundred day moving average of $8.72. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $10.78.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. The company had revenue of $930.17 million during the quarter, compared to analyst estimates of $901.10 million. PagSeguro Digital had a net margin of 11.04% and a return on equity of 15.52%. Equities research analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.
PagSeguro Digital Cuts Dividend
The firm also recently declared a -- dividend, which will be paid on Monday, November 3rd. Investors of record on Monday, October 6th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, October 6th. This represents a yield of 150.0%. PagSeguro Digital's dividend payout ratio is presently 11.29%.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on PAGS shares. Wall Street Zen upgraded PagSeguro Digital from a "buy" rating to a "strong-buy" rating in a report on Saturday. JPMorgan Chase & Co. upped their price objective on shares of PagSeguro Digital from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $12.17.
Check Out Our Latest Stock Analysis on PAGS
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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