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

Lazard Asset Management LLC reduced its position in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 38.8% in the fourth quarter, according to its most recent disclosure 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 quarter. Lazard Asset Management LLC owned approximately 0.22% of PagSeguro Digital worth $4,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of PAGS. Signaturefd LLC increased its stake in shares of PagSeguro Digital by 1,306.5% in the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company's stock worth $29,000 after purchasing an additional 4,233 shares in the last quarter. Advisory Services Network LLC purchased a new stake in PagSeguro Digital during the 4th quarter worth about $66,000. Raymond James Financial Inc. purchased a new position in PagSeguro Digital during the 4th quarter valued at about $79,000. Virtu Financial LLC grew its holdings in PagSeguro Digital by 37.4% during the 4th quarter. Virtu Financial LLC now owns 15,672 shares of the company's stock valued at $98,000 after buying an additional 4,268 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new stake in shares of PagSeguro Digital during the fourth quarter valued at about $98,000. 45.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PAGS has been the subject of a number of analyst reports. Susquehanna cut their price objective on shares of PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a research report on Wednesday, May 14th. Citigroup raised shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and raised their price target for the company from $7.00 to $10.00 in a report on Tuesday, April 22nd. Finally, Barclays decreased their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, PagSeguro Digital currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.63.

PagSeguro Digital Stock Performance

NYSE:PAGS traded up $0.09 during trading hours on Monday, reaching $9.03. The company's stock had a trading volume of 4,646,536 shares, compared to its average volume of 4,912,267. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 7.46, a PEG ratio of 0.51 and a beta of 1.70. The firm has a 50-day simple moving average of $8.70 and a 200-day simple moving average of $7.78. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year 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 the consensus estimate of $0.29 by $0.02. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The business had revenue of $857.50 million for the quarter, compared to analyst estimates of $914.45 million. Equities analysts anticipate that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

PagSeguro Digital Announces Dividend

The company also recently announced a -- dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, May 23rd. PagSeguro Digital's dividend payout ratio is currently 11.48%.

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.