Intech Investment Management LLC Sells 59,350 Shares of PagSeguro Digital Ltd. $PAGS

Intech Investment Management LLC lowered its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 40.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,759 shares of the company’s stock after selling 59,350 shares during the quarter. Intech Investment Management LLC’s holdings in PagSeguro Digital were worth $868,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd lifted its holdings in shares of PagSeguro Digital by 22.8% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 15,623 shares of the company’s stock worth $151,000 after buying an additional 2,904 shares during the period. Metis Global Partners LLC increased its stake in shares of PagSeguro Digital by 2.3% during the second quarter. Metis Global Partners LLC now owns 395,530 shares of the company’s stock valued at $3,813,000 after buying an additional 8,787 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of PagSeguro Digital by 511.6% during the second quarter. Los Angeles Capital Management LLC now owns 256,082 shares of the company’s stock valued at $2,469,000 after buying an additional 214,211 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of PagSeguro Digital in the second quarter valued at about $1,268,000. Finally, Acadian Asset Management LLC raised its holdings in shares of PagSeguro Digital by 6.6% in the second quarter. Acadian Asset Management LLC now owns 7,831,041 shares of the company’s stock valued at $75,445,000 after acquiring an additional 485,575 shares in the last quarter. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

PagSeguro Digital Price Performance

PAGS opened at $9.89 on Monday. The firm has a market capitalization of $3.26 billion, a PE ratio of 7.72, a price-to-earnings-growth ratio of 0.41 and a beta of 1.38. The business’s 50-day moving average is $10.58 and its two-hundred day moving average is $9.93. PagSeguro Digital Ltd. has a 1 year low of $7.16 and a 1 year high of $12.32.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Wednesday, March 4th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. PagSeguro Digital had a net margin of 10.37% and a return on equity of 16.20%. The business had revenue of $991.79 million for the quarter, compared to analysts’ expectations of $1.03 billion. As a group, sell-side analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

PagSeguro Digital Dividend Announcement

The company also recently announced a special dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, January 28th were paid a $0.12 dividend. The ex-dividend date was Wednesday, January 28th. PagSeguro Digital’s dividend payout ratio (DPR) is 10.94%.

Wall Street Analysts Forecast Growth

PAGS has been the topic of several recent research reports. Wall Street Zen cut shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group upped their price target on shares of PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Susquehanna increased their price objective on shares of PagSeguro Digital from $11.00 to $12.00 and gave the company a “positive” rating in a research note on Friday, November 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of PagSeguro Digital in a report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.86.

About PagSeguro Digital

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.