Perpetual Ltd Trims Stock Position in PagSeguro Digital Ltd. $PAGS

Perpetual Ltd cut its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 58.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,298 shares of the company’s stock after selling 58,033 shares during the period. Perpetual Ltd’s holdings in PagSeguro Digital were worth $398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Unison Advisors LLC raised its stake in shares of PagSeguro Digital by 1.5% during the 3rd quarter. Unison Advisors LLC now owns 74,926 shares of the company’s stock valued at $749,000 after buying an additional 1,126 shares during the last quarter. CWM LLC boosted its stake in shares of PagSeguro Digital by 29.0% in the third quarter. CWM LLC now owns 5,255 shares of the company’s stock worth $53,000 after buying an additional 1,182 shares during the last quarter. GAMMA Investing LLC grew its holdings in PagSeguro Digital by 37.0% during the fourth quarter. GAMMA Investing LLC now owns 4,626 shares of the company’s stock worth $45,000 after acquiring an additional 1,249 shares during the period. Rhumbline Advisers grew its holdings in PagSeguro Digital by 0.5% during the second quarter. Rhumbline Advisers now owns 275,244 shares of the company’s stock worth $2,653,000 after acquiring an additional 1,367 shares during the period. Finally, Citigroup Inc. raised its position in PagSeguro Digital by 0.5% during the third quarter. Citigroup Inc. now owns 386,890 shares of the company’s stock valued at $3,869,000 after acquiring an additional 2,027 shares in the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at PagSeguro Digital

In related news, Director Luis Frias purchased 498,500 shares of the company’s stock in a transaction that occurred on Friday, March 27th. The shares were purchased at an average price of $9.96 per share, with a total value of $4,965,060.00. Following the purchase, the director owned 2,673,605 shares of the company’s stock, valued at $26,629,105.80. The trade was a 22.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analyst Weigh In

Several research firms have commented on PAGS. Wall Street Zen lowered PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. UBS Group lifted their target price on shares of PagSeguro Digital from $13.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PagSeguro Digital in a research note on Thursday, January 22nd. Five investment 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 a consensus rating of “Moderate Buy” and a consensus target price of $11.86.

PagSeguro Digital Stock Up 0.0%

Shares of PagSeguro Digital stock opened at $10.35 on Monday. The firm has a market cap of $3.41 billion, a PE ratio of 8.08, a P/E/G ratio of 0.42 and a beta of 1.42. PagSeguro Digital Ltd. has a twelve month low of $7.36 and a twelve month high of $12.32. The business has a 50-day moving average price of $10.50 and a 200 day moving average price of $10.02.

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

PagSeguro Digital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, April 22nd will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.1%. PagSeguro Digital’s dividend payout ratio (DPR) is 10.94%.

PagSeguro Digital Profile

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.