Hsbc Holdings PLC Sells 2,346 Shares of PagSeguro Digital Ltd. $PAGS

Hsbc Holdings PLC trimmed its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 6.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,676 shares of the company’s stock after selling 2,346 shares during the quarter. Hsbc Holdings PLC’s holdings in PagSeguro Digital were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. American Century Companies Inc. boosted its position in shares of PagSeguro Digital by 7.9% in the first quarter. American Century Companies Inc. now owns 308,189 shares of the company’s stock valued at $2,351,000 after acquiring an additional 22,602 shares during the period. Ground Swell Capital LLC bought a new stake in shares of PagSeguro Digital in the first quarter valued at approximately $94,000. Nuveen LLC bought a new stake in shares of PagSeguro Digital in the first quarter valued at approximately $59,603,000. Aigen Investment Management LP acquired a new position in shares of PagSeguro Digital in the first quarter valued at $82,000. Finally, Virtu Financial LLC raised its stake in shares of PagSeguro Digital by 38.2% in the first quarter. Virtu Financial LLC now owns 21,653 shares of the company’s stock valued at $165,000 after purchasing an additional 5,981 shares in the last quarter. 45.88% of the stock is owned by institutional investors.

PagSeguro Digital Price Performance

PagSeguro Digital stock opened at $9.25 on Friday. The stock has a fifty day moving average price of $8.66 and a two-hundred day moving average price of $8.62. PagSeguro Digital Ltd. has a 52-week low of $6.11 and a 52-week high of $10.21. The firm has a market capitalization of $3.05 billion, a P/E ratio of 7.46, a P/E/G ratio of 0.62 and a beta of 1.57.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. PagSeguro Digital had a return on equity of 15.52% and a net margin of 11.04%.The firm had revenue of $930.17 million during the quarter, compared to analyst estimates of $901.10 million. On average, equities research analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, November 3rd. Shareholders of record on Monday, October 6th will be paid a dividend of $0.12 per share. This represents a yield of 150.0%. The ex-dividend date is Monday, October 6th. PagSeguro Digital’s dividend payout ratio is currently 11.29%.

Analysts Set New Price Targets

A number of research analysts recently commented on PAGS shares. Wall Street Zen upgraded PagSeguro Digital from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Susquehanna cut 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, JPMorgan Chase & Co. upped their target price on PagSeguro Digital from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $12.17.

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.