Voya Investment Management LLC Has $2.80 Million Stake in PagSeguro Digital Ltd. $PAGS

Key Points

• Voya Investment Management LLC increased its stake in PagSeguro Digital by 13.2%, acquiring an additional 42,862 shares in the first quarter, bringing its total holdings to 367,328 shares valued at approximately $2.8 million.
• Multiple hedge funds, including Mirae Asset Global Investments Co. Ltd. and Ameriprise Financial Inc., have significantly increased their positions in PagSeguro Digital, indicating growing institutional interest in the company.
• Analysts have upgraded PagSeguro Digital's stock ratings, with Bank of America raising the rating from "neutral" to "buy" and increasing the price target to $13.00, as the stock currently holds a "Moderate Buy" consensus with a target price of $12.29.

Voya Investment Management LLC lifted its holdings in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 13.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367,328 shares of the company's stock after acquiring an additional 42,862 shares during the quarter. Voya Investment Management LLC owned approximately 0.11% of PagSeguro Digital worth $2,803,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. State of Wyoming boosted its holdings 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 worth $40,000 after acquiring an additional 1,591 shares in the last quarter. Signaturefd LLC lifted its position in shares of PagSeguro Digital by 50.6% during the first quarter. Signaturefd LLC now owns 6,863 shares of the company's stock worth $52,000 after purchasing an additional 2,306 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of PagSeguro Digital by 14.9% during the first quarter. Teacher Retirement System of Texas now owns 24,169 shares of the company's stock worth $184,000 after purchasing an additional 3,133 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of PagSeguro Digital during the first quarter worth approximately $26,000. Finally, Intellectus Partners LLC lifted its position in shares of PagSeguro Digital by 4.8% during the first quarter. Intellectus Partners LLC now owns 76,293 shares of the company's stock worth $582,000 after purchasing an additional 3,500 shares in the last quarter. 45.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PAGS has been the topic of a number of research reports. Wall Street Zen upgraded shares of PagSeguro Digital from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 13th. JPMorgan Chase & Co. upped their target price on shares of PagSeguro Digital from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Zacks Research lowered shares of PagSeguro Digital from a "strong-buy" rating to a "hold" rating in a research report on Friday. Finally, Bank of America upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and upped their target price for the stock from $10.00 to $13.00 in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, PagSeguro Digital has an average rating of "Moderate Buy" and a consensus price target of $12.29.

PagSeguro Digital Stock Performance

PagSeguro Digital stock traded up $0.11 during mid-day trading on Tuesday, reaching $10.33. The company's stock had a trading volume of 1,480,194 shares, compared to its average volume of 5,128,735. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 0.69 and a beta of 1.56. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $11.16. The business's 50 day simple moving average is $8.83 and its 200 day simple moving average is $8.82.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.34 earnings per share 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 the consensus estimate of $901.10 million. PagSeguro Digital had a net margin of 11.04% and a return on equity of 15.52%. As a group, sell-side analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

PagSeguro Digital Cuts Dividend

The company also recently declared a -- dividend, which will be paid on Monday, November 3rd. Shareholders 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 dividend payout ratio (DPR) is currently 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.