Principal Financial Group Inc. Purchases 28,957 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Principal Financial Group Inc. raised its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 6.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 480,067 shares of the company’s stock after buying an additional 28,957 shares during the period. Principal Financial Group Inc. owned about 0.15% of PagSeguro Digital worth $3,663,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Sylebra Capital LLC boosted its position in shares of PagSeguro Digital by 53.0% during the fourth quarter. Sylebra Capital LLC now owns 12,143,691 shares of the company’s stock worth $76,020,000 after purchasing an additional 4,208,192 shares in the last quarter. Millennium Management LLC increased its stake in PagSeguro Digital by 870.4% in the 4th quarter. Millennium Management LLC now owns 6,271,376 shares of the company’s stock valued at $39,259,000 after buying an additional 5,625,121 shares during the last quarter. Marshall Wace LLP increased its stake in PagSeguro Digital by 307.4% in the 4th quarter. Marshall Wace LLP now owns 4,459,616 shares of the company’s stock valued at $27,917,000 after buying an additional 3,364,926 shares during the last quarter. Voloridge Investment Management LLC increased its stake in shares of PagSeguro Digital by 53.9% during the 4th quarter. Voloridge Investment Management LLC now owns 2,766,492 shares of the company’s stock worth $17,318,000 after purchasing an additional 968,926 shares during the last quarter. Finally, Saba Capital Management L.P. increased its stake in shares of PagSeguro Digital by 147.1% during the 4th quarter. Saba Capital Management L.P. now owns 1,877,626 shares of the company’s stock worth $11,754,000 after purchasing an additional 1,117,811 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Stock Performance

NYSE:PAGS opened at $8.50 on Friday. PagSeguro Digital Ltd. has a one year low of $6.11 and a one year high of $14.82. The firm has a market cap of $2.80 billion, a P/E ratio of 6.96, a P/E/G ratio of 0.61 and a beta of 1.59. The firm has a 50-day simple moving average of $9.06 and a 200-day simple moving average of $8.27.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. The business had revenue of $857.50 million for the quarter, compared to the consensus estimate of $914.45 million. PagSeguro Digital had a net margin of 11.15% and a return on equity of 15.43%. On average, research analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, August 15th. Stockholders of record on Wednesday, July 16th will be paid a $0.12 dividend. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, July 16th. PagSeguro Digital’s payout ratio is 11.48%.

Wall Street Analyst Weigh In

PAGS has been the subject of several recent research reports. Citigroup upgraded 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 note 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 for the company in a report on Wednesday, May 14th. JPMorgan Chase & Co. increased their price objective on PagSeguro Digital from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Barclays decreased their price objective on PagSeguro Digital from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.36.

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.