Acadian Asset Management LLC Sells 123,939 Shares of PagSeguro Digital Ltd. $PAGS

Acadian Asset Management LLC trimmed its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 1.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,345,466 shares of the company’s stock after selling 123,939 shares during the quarter. Acadian Asset Management LLC’s holdings in PagSeguro Digital were worth $56,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of PagSeguro Digital by 626.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company’s stock worth $39,000 after purchasing an additional 4,435 shares in the last quarter. Aurora Investment Counsel increased its stake in shares of PagSeguro Digital by 19.1% in the 1st quarter. Aurora Investment Counsel now owns 247,732 shares of the company’s stock worth $1,890,000 after purchasing an additional 39,697 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of PagSeguro Digital by 166.9% in the 1st quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company’s stock worth $51,000 after purchasing an additional 4,180 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of PagSeguro Digital in the 1st quarter worth $329,000. Finally, Ameriprise Financial Inc. increased its stake in shares of PagSeguro Digital by 3,375.8% in the 4th quarter. Ameriprise Financial Inc. now owns 698,645 shares of the company’s stock worth $4,374,000 after purchasing an additional 678,545 shares in the last quarter. 45.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PAGS shares. Wall Street Zen upgraded PagSeguro Digital from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. increased their price target on PagSeguro Digital from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Finally, Susquehanna cut their price target on PagSeguro Digital from $16.00 to $14.00 and set a “positive” rating for the company in a research note on Wednesday, May 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.17.

PagSeguro Digital Stock Performance

Shares of PAGS stock opened at $9.26 on Thursday. PagSeguro Digital Ltd. has a 52-week low of $6.11 and a 52-week high of $10.21. The firm has a market capitalization of $3.05 billion, a PE ratio of 7.46, a PEG ratio of 0.65 and a beta of 1.57. The stock has a fifty day simple moving average of $8.66 and a two-hundred day simple moving average of $8.66.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $930.17 million during the quarter, compared to analyst estimates of $901.10 million. PagSeguro Digital had a return on equity of 15.52% and a net margin of 11.04%. On average, sell-side analysts forecast that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Monday, November 3rd. Stockholders of record on Monday, October 6th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, October 6th. This represents a dividend yield of 150.0%. PagSeguro Digital’s dividend payout ratio (DPR) is presently 11.29%.

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.