Geode Capital Management LLC Reduces Stock Position in PagSeguro Digital Ltd. $PAGS

Geode Capital Management LLC cut its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 2.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,580,351 shares of the company’s stock after selling 70,505 shares during the period. Geode Capital Management LLC owned about 0.78% of PagSeguro Digital worth $24,875,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC increased its stake in PagSeguro Digital by 6.6% during the second quarter. Acadian Asset Management LLC now owns 7,831,041 shares of the company’s stock worth $75,445,000 after acquiring an additional 485,575 shares during the last quarter. Nuveen LLC purchased a new position in shares of PagSeguro Digital in the 1st quarter worth approximately $59,603,000. Public Employees Retirement System of Ohio increased its position in shares of PagSeguro Digital by 2.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 496,655 shares of the company’s stock valued at $4,788,000 after purchasing an additional 13,963 shares during the last quarter. Metis Global Partners LLC lifted its position in PagSeguro Digital by 2.3% in the second quarter. Metis Global Partners LLC now owns 395,530 shares of the company’s stock worth $3,813,000 after buying an additional 8,787 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in PagSeguro Digital by 13.2% in the first quarter. Voya Investment Management LLC now owns 367,328 shares of the company’s stock worth $2,803,000 after buying an additional 42,862 shares during the last quarter. Institutional investors own 45.88% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PAGS shares. Wall Street Zen downgraded shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 4th. Bank of America raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $10.00 to $13.00 in a research report on Friday, September 19th. Zacks Research downgraded shares of PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. UBS Group upped their target price on PagSeguro Digital from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Susquehanna raised their price target on PagSeguro Digital from $11.00 to $12.00 and gave the stock a “positive” rating in a research note on Friday, November 14th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, PagSeguro Digital currently has an average rating of “Moderate Buy” and an average target price of $11.71.

PagSeguro Digital Stock Performance

Shares of NYSE:PAGS opened at $10.27 on Friday. The firm’s 50 day simple moving average is $9.52 and its 200-day simple moving average is $9.14. PagSeguro Digital Ltd. has a one year low of $6.11 and a one year high of $11.16. The firm has a market cap of $3.39 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 0.51 and a beta of 1.59.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $937.15 million for the quarter, compared to analysts’ expectations of $971.30 million. PagSeguro Digital had a return on equity of 15.39% and a net margin of 11.00%. Equities research analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Cuts Dividend

The company also recently declared a — dividend, which was paid on Monday, November 3rd. Stockholders of record on Monday, October 6th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, October 6th. PagSeguro Digital’s dividend payout ratio (DPR) is currently 10.85%.

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.