VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in PagSeguro Digital Ltd. $PAGS

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 22,800 shares of the company’s stock, valued at approximately $220,000.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in PagSeguro Digital by 61.2% during the second quarter. GAMMA Investing LLC now owns 3,510 shares of the company’s stock valued at $34,000 after purchasing an additional 1,333 shares in the last quarter. CWM LLC raised its position in PagSeguro Digital by 78.1% during the second quarter. CWM LLC now owns 4,073 shares of the company’s stock valued at $39,000 after purchasing an additional 1,786 shares in the last quarter. Signaturefd LLC raised its position in PagSeguro Digital by 50.6% during the first quarter. Signaturefd LLC now owns 6,863 shares of the company’s stock valued at $52,000 after purchasing an additional 2,306 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of PagSeguro Digital by 14.9% during the first quarter. Teacher Retirement System of Texas now owns 24,169 shares of the company’s stock worth $184,000 after buying an additional 3,133 shares in the last quarter. Finally, PNC Financial Services Group Inc. acquired a new position in shares of PagSeguro Digital during the first quarter worth $26,000. 45.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PagSeguro Digital in a report on Saturday. Wall Street Zen downgraded PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 4th. Bank of America raised PagSeguro Digital from a “neutral” rating to a “buy” rating and raised their target price for the stock from $10.00 to $13.00 in a research report on Friday, September 19th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $9.00 price target (down previously from $12.00) on shares of PagSeguro Digital in a research report on Tuesday, October 14th. Finally, Zacks Research cut PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.83.

PagSeguro Digital Price Performance

PAGS stock opened at $9.59 on Monday. The stock has a market capitalization of $3.16 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 0.49 and a beta of 1.57. The company’s 50-day moving average is $9.36 and its 200-day moving average is $9.07. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $11.16.

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

PagSeguro Digital Cuts Dividend

The company also recently announced a — dividend, which will be paid on Monday, November 3rd. Shareholders of record on Monday, October 6th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, October 6th. PagSeguro Digital’s dividend payout ratio (DPR) 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.