PagSeguro Digital Ltd. (NYSE:PAGS) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 20.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,747,094 shares of the company’s stock after purchasing an additional 298,377 shares during the quarter. Northern Trust Corp owned approximately 0.53% of PagSeguro Digital worth $10,937,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in PagSeguro Digital by 1,306.5% during the 4th quarter. Signaturefd LLC now owns 4,557 shares of the company’s stock worth $29,000 after purchasing an additional 4,233 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of PagSeguro Digital during the 4th quarter valued at about $66,000. Raymond James Financial Inc. acquired a new position in shares of PagSeguro Digital during the 4th quarter valued at about $79,000. Virtu Financial LLC boosted its position in shares of PagSeguro Digital by 37.4% during the 4th quarter. Virtu Financial LLC now owns 15,672 shares of the company’s stock valued at $98,000 after acquiring an additional 4,268 shares during the last quarter. Finally, Xponance Inc. boosted its position in shares of PagSeguro Digital by 37.8% during the 4th quarter. Xponance Inc. now owns 17,105 shares of the company’s stock valued at $107,000 after acquiring an additional 4,695 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Citigroup raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and boosted their price target for the company from $7.00 to $10.00 in a research report on Tuesday, April 22nd. Susquehanna lowered their price target on shares of PagSeguro Digital from $16.00 to $14.00 and set a “positive” rating on the stock in a research report on Wednesday. Finally, Barclays lowered their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $11.63.

PagSeguro Digital Price Performance

NYSE PAGS opened at $8.95 on Friday. The firm’s 50-day moving average is $8.70 and its two-hundred day moving average is $7.78. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $14.82. The stock has a market capitalization of $2.95 billion, a P/E ratio of 7.40, a PEG ratio of 0.51 and a beta of 1.70.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The company had revenue of $857.50 million for the quarter, compared to analyst estimates of $914.45 million. As a group, analysts anticipate that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

PagSeguro Digital Announces Dividend

The firm also recently announced a — dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, May 23rd.

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.