PagSeguro Digital Ltd. $PAGS Shares Purchased by Financial Perspectives Inc

Financial Perspectives Inc increased its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 9.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,110 shares of the company’s stock after acquiring an additional 1,922 shares during the quarter. Financial Perspectives Inc’s holdings in PagSeguro Digital were worth $223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. acquired a new stake in PagSeguro Digital during the 1st quarter worth $26,000. GAMMA Investing LLC raised its stake in PagSeguro Digital by 61.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,510 shares of the company’s stock worth $34,000 after acquiring an additional 1,333 shares in the last quarter. CWM LLC raised its stake in PagSeguro Digital by 78.1% during the 2nd quarter. CWM LLC now owns 4,073 shares of the company’s stock worth $39,000 after acquiring an additional 1,786 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in PagSeguro Digital by 626.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company’s stock worth $39,000 after acquiring an additional 4,435 shares in the last quarter. Finally, Signaturefd LLC raised its stake in PagSeguro Digital by 50.6% during the 1st quarter. Signaturefd LLC now owns 6,863 shares of the company’s stock worth $52,000 after acquiring an additional 2,306 shares in the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PAGS has been the topic of a number of recent research reports. Bank of America upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $10.00 to $13.00 in a research note on Friday, September 19th. JPMorgan Chase & Co. lifted their price objective on shares of PagSeguro Digital from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, July 16th. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 4th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $9.00 price objective (down from $12.00) on shares of PagSeguro Digital in a research note on Tuesday, October 14th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $11.83.

PagSeguro Digital Price Performance

Shares of PagSeguro Digital stock opened at $8.77 on Monday. PagSeguro Digital Ltd. has a 52-week low of $6.11 and a 52-week high of $11.16. The company’s 50-day simple moving average is $9.33 and its 200-day simple moving average is $9.02. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 0.44 and a beta of 1.57.

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

PagSeguro Digital Cuts Dividend

The company also recently declared a — dividend, which will be paid on Monday, November 3rd. Stockholders of record on Monday, October 6th will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, October 6th. PagSeguro Digital’s payout ratio is 11.29%.

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.