Teacher Retirement System of Texas Buys 3,133 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Teacher Retirement System of Texas increased its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 14.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,169 shares of the company’s stock after acquiring an additional 3,133 shares during the quarter. Teacher Retirement System of Texas’ holdings in PagSeguro Digital were worth $184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC grew its position in shares of PagSeguro Digital by 1,306.5% in 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 last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of PagSeguro Digital by 626.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company’s stock worth $39,000 after buying an additional 4,435 shares during the last quarter. State of Wyoming grew its position in shares of PagSeguro Digital by 32.8% in the 4th quarter. State of Wyoming now owns 6,436 shares of the company’s stock worth $40,000 after buying an additional 1,591 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of PagSeguro Digital by 166.9% in the 1st quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company’s stock worth $51,000 after buying an additional 4,180 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of PagSeguro Digital in the 4th quarter worth approximately $66,000. 45.88% of the stock is currently owned by institutional investors.

PagSeguro Digital Trading Down 6.6%

PagSeguro Digital stock opened at $7.93 on Monday. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 0.57 and a beta of 1.59. The stock has a fifty day simple moving average of $9.02 and a two-hundred day simple moving average of $8.30. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $14.82.

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

PagSeguro Digital Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, August 15th. Investors of record on Wednesday, July 16th will be issued 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 currently 11.48%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PAGS. JPMorgan Chase & Co. lifted their price objective on PagSeguro Digital from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 16th. Barclays lowered their target price on PagSeguro Digital from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Susquehanna lowered their target price on PagSeguro Digital from $16.00 to $14.00 and set a “positive” rating for the company in a research note on Wednesday, May 14th. Finally, Citigroup upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and raised their target price for the company from $7.00 to $10.00 in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.