Harbor Capital Advisors Inc. Raises Stock Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Harbor Capital Advisors Inc. lifted its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 166.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,685 shares of the company’s stock after purchasing an additional 4,180 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in PagSeguro Digital were worth $51,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in PAGS. Signaturefd LLC increased 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 buying an additional 4,233 shares during the period. State of Wyoming raised its position in PagSeguro Digital by 32.8% in the 4th quarter. State of Wyoming now owns 6,436 shares of the company’s stock valued at $40,000 after purchasing an additional 1,591 shares in the last quarter. Advisory Services Network LLC acquired a new stake in PagSeguro Digital in the 4th quarter valued at about $66,000. Raymond James Financial Inc. purchased a new position in shares of PagSeguro Digital in the 4th quarter valued at about $79,000. Finally, RFG Advisory LLC acquired a new position in shares of PagSeguro Digital during the first quarter worth about $84,000. Hedge funds and other institutional investors own 45.88% of the company’s stock.

Analyst Ratings Changes

PAGS has been the topic of several recent analyst reports. Barclays dropped their target price on PagSeguro Digital from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Susquehanna reduced their price objective on shares of PagSeguro Digital from $16.00 to $14.00 and set a “positive” rating for the company in a research report on Wednesday, May 14th. Finally, Citigroup upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and upped their target price for the company from $7.00 to $10.00 in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, PagSeguro Digital presently has an average rating of “Moderate Buy” and an average target price of $11.63.

PagSeguro Digital Stock Down 1.9%

NYSE:PAGS opened at $8.36 on Monday. The stock has a market cap of $2.75 billion, a PE ratio of 6.90, a price-to-earnings-growth ratio of 0.51 and a beta of 1.58. PagSeguro Digital Ltd. has a fifty-two week low of $6.11 and a fifty-two week high of $14.82. The firm’s fifty day simple moving average is $9.01 and its 200-day simple moving average is $7.89.

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

PagSeguro Digital Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, May 23rd. PagSeguro Digital’s dividend payout ratio (DPR) is presently 11.48%.

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.