Rhumbline Advisers Has $2.09 Million Holdings in PagSeguro Digital Ltd. (NYSE:PAGS)

Rhumbline Advisers lessened its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 8.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 273,877 shares of the company’s stock after selling 24,470 shares during the period. Rhumbline Advisers owned about 0.08% of PagSeguro Digital worth $2,090,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in shares of 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 acquiring an additional 4,233 shares during the period. State of Wyoming lifted its holdings in shares of PagSeguro Digital by 32.8% during the 4th quarter. State of Wyoming now owns 6,436 shares of the company’s stock worth $40,000 after acquiring an additional 1,591 shares during the period. Advisory Services Network LLC bought a new stake in shares of PagSeguro Digital during the 4th quarter worth approximately $66,000. Raymond James Financial Inc. bought a new stake in shares of PagSeguro Digital during the 4th quarter worth approximately $79,000. Finally, Wexford Capital LP bought a new stake in shares of PagSeguro Digital during the 4th quarter worth approximately $90,000. Institutional investors and hedge funds own 45.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PAGS. Citigroup raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and upped their price target for the stock from $7.00 to $10.00 in a report on Tuesday, April 22nd. Susquehanna cut their price target on shares of PagSeguro Digital from $16.00 to $14.00 and set a “positive” rating for the company in a report on Wednesday, May 14th. Finally, Barclays cut their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.63.

PagSeguro Digital Stock Performance

Shares of PAGS opened at $9.40 on Tuesday. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.82. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 7.77, a PEG ratio of 0.51 and a beta of 1.58. The stock has a fifty day moving average of $9.05 and a 200-day moving average of $7.90.

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

PagSeguro Digital Dividend Announcement

The business also recently announced a — dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were given a dividend of $0.14 per share. The ex-dividend date was Friday, May 23rd. PagSeguro Digital’s dividend payout ratio is currently 11.48%.

PagSeguro Digital Company 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.