Nvwm LLC Purchases Shares of 98,846 PagSeguro Digital Ltd. $PAGS

Nvwm LLC purchased a new stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 98,846 shares of the company’s stock, valued at approximately $953,000.

Several other large investors have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas boosted its position in PagSeguro Digital by 14.9% during the 1st quarter. Teacher Retirement System of Texas now owns 24,169 shares of the company’s stock worth $184,000 after acquiring an additional 3,133 shares during the period. Principal Financial Group Inc. grew its position in PagSeguro Digital by 6.4% in the 1st quarter. Principal Financial Group Inc. now owns 480,067 shares of the company’s stock valued at $3,663,000 after buying an additional 28,957 shares in the last quarter. New York State Common Retirement Fund increased its stake in PagSeguro Digital by 30.4% during the 1st quarter. New York State Common Retirement Fund now owns 580,614 shares of the company’s stock valued at $4,430,000 after buying an additional 135,500 shares during the period. Aurora Investment Counsel lifted its stake in shares of PagSeguro Digital by 19.1% in the 1st quarter. Aurora Investment Counsel now owns 247,732 shares of the company’s stock worth $1,890,000 after acquiring an additional 39,697 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of PagSeguro Digital by 50.6% in the first quarter. Signaturefd LLC now owns 6,863 shares of the company’s stock valued at $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.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on PagSeguro Digital from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th. Zacks Research cut PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $9.00 price target (down from $12.00) on shares of PagSeguro Digital in a research report on Tuesday, October 14th. Wall Street Zen lowered shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PagSeguro Digital in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $11.83.

PagSeguro Digital Price Performance

PAGS stock opened at $9.47 on Friday. The firm has a market capitalization of $3.12 billion, a P/E ratio of 7.64, a P/E/G ratio of 0.49 and a beta of 1.59. 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 $9.52 and its 200-day simple moving average is $9.13.

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

PagSeguro Digital Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Monday, November 3rd. Investors of record on Monday, October 6th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, October 6th. PagSeguro Digital’s payout ratio is presently 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.