Lazard Asset Management LLC Sells 454,996 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Lazard Asset Management LLC reduced its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 38.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 716,486 shares of the company's stock after selling 454,996 shares during the period. Lazard Asset Management LLC owned 0.22% of PagSeguro Digital worth $4,485,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Truvestments Capital LLC raised its stake in shares of PagSeguro Digital by 8.4% during the fourth quarter. Truvestments Capital LLC now owns 23,202 shares of the company's stock valued at $145,000 after purchasing an additional 1,792 shares during the period. LPL Financial LLC raised its stake in shares of PagSeguro Digital by 14.2% during the fourth quarter. LPL Financial LLC now owns 33,534 shares of the company's stock valued at $210,000 after purchasing an additional 4,165 shares during the period. Signaturefd LLC raised its stake in shares of PagSeguro Digital by 1,306.5% during the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company's stock valued at $29,000 after purchasing an additional 4,233 shares during the period. Virtu Financial LLC raised its stake in shares of PagSeguro Digital by 37.4% during the fourth quarter. Virtu Financial LLC now owns 15,672 shares of the company's stock valued at $98,000 after purchasing an additional 4,268 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of PagSeguro Digital by 6.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 72,915 shares of the company's stock valued at $457,000 after purchasing an additional 4,662 shares during the period. 45.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Susquehanna dropped their price target on shares of PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a research note on Wednesday, May 14th. Barclays dropped their price target 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, Citigroup upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and boosted their target price for the company from $7.00 to $10.00 in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, PagSeguro Digital presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.63.

PagSeguro Digital Stock Performance

Shares of NYSE PAGS traded down $0.20 during mid-day trading on Wednesday, reaching $8.82. The company had a trading volume of 975,308 shares, compared to its average volume of 4,900,057. The stock has a fifty day moving average of $8.76 and a two-hundred day moving average of $7.79. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 7.29, a PEG 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 posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. The business 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%. Sell-side analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

PagSeguro Digital Dividend Announcement

The firm also recently disclosed a -- dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given a dividend of $0.14 per share. The ex-dividend date is Friday, May 23rd. PagSeguro Digital's payout ratio is presently 11.48%.

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.