Quantbot Technologies LP Buys 314,650 Shares of PagSeguro Digital Ltd. $PAGS

Quantbot Technologies LP raised its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 100.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 628,593 shares of the company’s stock after buying an additional 314,650 shares during the quarter. Quantbot Technologies LP owned 0.19% of PagSeguro Digital worth $6,286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. CWM LLC raised its position in shares of PagSeguro Digital by 78.1% in the 2nd quarter. CWM LLC now owns 4,073 shares of the company’s stock valued at $39,000 after acquiring an additional 1,786 shares during the period. Farther Finance Advisors LLC bought a new stake in PagSeguro Digital in the third quarter valued at approximately $46,000. Virtus Advisers LLC acquired a new stake in PagSeguro Digital in the second quarter worth $51,000. Versant Capital Management Inc raised its holdings in PagSeguro Digital by 114.1% in the third quarter. Versant Capital Management Inc now owns 5,156 shares of the company’s stock worth $52,000 after purchasing an additional 2,748 shares during the period. Finally, Osaic Holdings Inc. boosted its position in shares of PagSeguro Digital by 93.4% during the second quarter. Osaic Holdings Inc. now owns 7,891 shares of the company’s stock worth $76,000 after purchasing an additional 3,810 shares in the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Stock Performance

Shares of PagSeguro Digital stock opened at $10.60 on Friday. PagSeguro Digital Ltd. has a 52-week low of $6.70 and a 52-week high of $12.32. The business’s 50 day simple moving average is $10.53 and its 200 day simple moving average is $9.88. The firm has a market cap of $3.49 billion, a PE ratio of 8.21, a P/E/G ratio of 0.44 and a beta of 1.40.

PagSeguro Digital Announces Dividend

The firm also recently announced a special dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, January 28th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, January 28th. PagSeguro Digital’s dividend payout ratio is presently 10.85%.

Wall Street Analysts Forecast Growth

PAGS has been the subject of a number of recent analyst reports. Susquehanna upped their price objective on shares of PagSeguro Digital from $11.00 to $12.00 and gave the company a “positive” rating in a research report on Friday, November 14th. Weiss Ratings reissued a “hold (c)” rating on shares of PagSeguro Digital in a research note on Thursday, January 22nd. Finally, UBS Group raised their price target on PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.