Truffle Hound Capital LLC Has $7.50 Million Holdings in PagSeguro Digital Ltd. $PAGS

Truffle Hound Capital LLC lessened its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 750,000 shares of the company’s stock after selling 50,000 shares during the period. PagSeguro Digital comprises 2.1% of Truffle Hound Capital LLC’s holdings, making the stock its 9th biggest holding. Truffle Hound Capital LLC owned approximately 0.23% of PagSeguro Digital worth $7,500,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PAGS. Unison Advisors LLC raised its position in shares of PagSeguro Digital by 1.5% during the third quarter. Unison Advisors LLC now owns 74,926 shares of the company’s stock worth $749,000 after acquiring an additional 1,126 shares during the last quarter. CWM LLC increased its holdings in PagSeguro Digital by 29.0% in the third quarter. CWM LLC now owns 5,255 shares of the company’s stock worth $53,000 after purchasing an additional 1,182 shares in the last quarter. Rhumbline Advisers lifted its position in shares of PagSeguro Digital by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 275,244 shares of the company’s stock valued at $2,653,000 after acquiring an additional 1,367 shares during the period. Waterfront Wealth Inc. boosted its position in shares of PagSeguro Digital by 0.5% during the 2nd quarter. Waterfront Wealth Inc. now owns 275,967 shares of the company’s stock worth $2,660,000 after purchasing an additional 1,448 shares in the last quarter. Finally, Financial Perspectives Inc raised its position in shares of PagSeguro Digital by 9.1% during the second quarter. Financial Perspectives Inc now owns 23,110 shares of the company’s stock worth $223,000 after purchasing an additional 1,922 shares during the period. 45.88% of the stock is owned by institutional investors.

PagSeguro Digital Stock Up 1.0%

PAGS stock opened at $10.55 on Friday. The stock has a 50-day simple moving average of $10.36 and a two-hundred day simple moving average of $9.69. PagSeguro Digital Ltd. has a twelve month low of $6.70 and a twelve month high of $12.32. The firm has a market capitalization of $3.48 billion, a PE ratio of 8.18, a PEG ratio of 0.43 and a beta of 1.40.

PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Wednesday, November 12th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $937.15 million during the quarter, compared to analysts’ expectations of $971.30 million. PagSeguro Digital had a return on equity of 15.39% and a net margin of 11.00%. On average, equities research analysts anticipate that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Dividend Announcement

The business also recently declared a special dividend, which will be paid on Friday, February 27th. Stockholders of record on Wednesday, January 28th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, January 28th. PagSeguro Digital’s payout ratio is currently 10.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PAGS shares. Susquehanna raised their price objective on PagSeguro Digital from $11.00 to $12.00 and gave the company a “positive” rating in a research note on Friday, November 14th. UBS Group increased their price objective on shares of PagSeguro Digital from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PagSeguro Digital in a report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $11.86.

About PagSeguro Digital

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.