State of Wyoming Sells 2,426 Shares of PagSeguro Digital Ltd. $PAGS

State of Wyoming decreased its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 37.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,010 shares of the company’s stock after selling 2,426 shares during the period. State of Wyoming’s holdings in PagSeguro Digital were worth $31,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new stake in shares of PagSeguro Digital during the 1st quarter valued at approximately $26,000. Mirae Asset Global Investments Co. Ltd. increased its stake in PagSeguro Digital by 626.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company’s stock valued at $39,000 after purchasing an additional 4,435 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in PagSeguro Digital by 166.9% in the first quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company’s stock valued at $51,000 after purchasing an additional 4,180 shares in the last quarter. Signaturefd LLC lifted its stake in shares of PagSeguro Digital by 50.6% in the first quarter. Signaturefd LLC now owns 6,863 shares of the company’s stock valued at $52,000 after buying an additional 2,306 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of PagSeguro Digital in the fourth quarter valued at $79,000. 45.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PAGS. Susquehanna reduced their target price on shares of PagSeguro Digital from $16.00 to $14.00 and set a “positive” rating for the company in a research note on Wednesday, May 14th. Wall Street Zen upgraded shares of PagSeguro Digital from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. increased their target price on shares of PagSeguro Digital from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.17.

PagSeguro Digital Trading Down 2.8%

Shares of PagSeguro Digital stock opened at $9.26 on Thursday. The company’s fifty day simple moving average is $8.66 and its two-hundred day simple moving average is $8.66. The company has a market cap of $3.05 billion, a P/E ratio of 7.46, a PEG ratio of 0.65 and a beta of 1.57. PagSeguro Digital Ltd. has a 12-month low of $6.11 and a 12-month high of $10.21.

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

PagSeguro Digital Cuts Dividend

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

PagSeguro Digital 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.