Saba Capital Management L.P. Has $11.75 Million Stock Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Saba Capital Management L.P. raised its holdings in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 147.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,877,626 shares of the company's stock after purchasing an additional 1,117,811 shares during the quarter. Saba Capital Management L.P. owned 0.57% of PagSeguro Digital worth $11,754,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its position in PagSeguro Digital by 16.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company's stock valued at $39,770,000 after acquiring an additional 874,777 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of PagSeguro Digital by 11.7% in the 4th quarter. Principal Financial Group Inc. now owns 451,110 shares of the company's stock valued at $2,824,000 after purchasing an additional 47,172 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of PagSeguro Digital by 112.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 81,371 shares of the company's stock valued at $509,000 after purchasing an additional 42,990 shares during the last quarter. Barclays PLC grew its holdings in shares of PagSeguro Digital by 240.0% during the 3rd quarter. Barclays PLC now owns 270,215 shares of the company's stock valued at $2,327,000 after purchasing an additional 190,740 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in PagSeguro Digital by 28.5% during the 4th quarter. Sanctuary Advisors LLC now owns 25,422 shares of the company's stock worth $159,000 after purchasing an additional 5,636 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on PAGS. Citigroup raised shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $7.00 to $10.00 in a research note on Tuesday, April 22nd. Susquehanna cut their price objective on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating on the stock in a report on Wednesday, May 14th. Finally, Barclays lowered their target price on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. One 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $11.63.

PagSeguro Digital Stock Down 4.8%

Shares of NYSE PAGS traded down $0.43 during trading on Wednesday, reaching $8.58. The company had a trading volume of 4,135,410 shares, compared to its average volume of 4,912,422. The stock has a market cap of $2.83 billion, a P/E ratio of 7.09, a PEG ratio of 0.51 and a beta of 1.70. The company's fifty day moving average price is $8.76 and its 200-day moving average price is $7.79. 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 announced its earnings results on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. The business had revenue of $857.50 million for the quarter, compared to analysts' expectations of $914.45 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. As a group, equities analysts predict that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Announces Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, May 23rd. PagSeguro Digital's dividend payout ratio (DPR) is presently 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.