PagSeguro Digital Ltd. (NYSE:PAGS) Short Interest Down 23.8% in May

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 14,950,000 shares, a drop of 23.8% from the April 30th total of 19,630,000 shares. Based on an average daily volume of 5,010,000 shares, the days-to-cover ratio is currently 3.0 days. Approximately 4.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Sylebra Capital LLC raised its stake in shares of PagSeguro Digital by 53.0% during the fourth quarter. Sylebra Capital LLC now owns 12,143,691 shares of the company's stock worth $76,020,000 after acquiring an additional 4,208,192 shares in the last quarter. Nuveen LLC purchased a new position in shares of PagSeguro Digital during the first quarter worth approximately $59,603,000. Millennium Management LLC raised its stake in shares of PagSeguro Digital by 870.4% during the fourth quarter. Millennium Management LLC now owns 6,271,376 shares of the company's stock worth $39,259,000 after acquiring an additional 5,625,121 shares in the last quarter. Marshall Wace LLP raised its stake in shares of PagSeguro Digital by 307.4% during the fourth quarter. Marshall Wace LLP now owns 4,459,616 shares of the company's stock worth $27,917,000 after acquiring an additional 3,364,926 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its stake in shares of PagSeguro Digital by 53.9% during the fourth quarter. Voloridge Investment Management LLC now owns 2,766,492 shares of the company's stock worth $17,318,000 after acquiring an additional 968,926 shares in the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays cut their price objective on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Citigroup upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and raised their price objective for the company from $7.00 to $10.00 in a research report on Tuesday, April 22nd. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, PagSeguro Digital currently has an average rating of "Moderate Buy" and an average target price of $11.63.

PagSeguro Digital Stock Performance

PagSeguro Digital stock traded down $0.07 during mid-day trading on Thursday, hitting $8.90. 4,460,617 shares of the company traded hands, compared to its average volume of 5,057,024. PagSeguro Digital has a one year low of $6.11 and a one year high of $14.82. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 7.35, a price-to-earnings-growth ratio of 0.51 and a beta of 1.70. The stock has a fifty day moving average price of $8.90 and a 200-day moving average price of $7.84.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate 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 predict that PagSeguro Digital will post 1.17 EPS for the current year.

PagSeguro Digital Dividend Announcement

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

About PagSeguro Digital

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.