Campbell & CO Investment Adviser LLC Buys Shares of 131,571 PagSeguro Digital Ltd. $PAGS

Campbell & CO Investment Adviser LLC purchased a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 131,571 shares of the company’s stock, valued at approximately $1,268,000.

Several other hedge funds have also made changes to their positions in PAGS. PNC Financial Services Group Inc. acquired a new position in shares of PagSeguro Digital in the first quarter valued at approximately $26,000. GAMMA Investing LLC boosted its position in PagSeguro Digital by 61.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,510 shares of the company’s stock valued at $34,000 after buying an additional 1,333 shares during the period. CWM LLC grew its stake in shares of PagSeguro Digital by 78.1% in the second 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. Signaturefd LLC increased its position in shares of PagSeguro Digital by 50.6% during the first quarter. Signaturefd LLC now owns 6,863 shares of the company’s stock worth $52,000 after acquiring an additional 2,306 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in shares of PagSeguro Digital in the first quarter valued at $82,000. Institutional investors and hedge funds own 45.88% of the company’s stock.

Wall Street Analyst Weigh In

PAGS has been the subject of several analyst reports. 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 research note on Wednesday, July 16th. Zacks Research downgraded PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a research note on Wednesday, October 8th. Bank of America upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $10.00 to $13.00 in a research note on Friday, September 19th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $9.00 price target (down previously from $12.00) on shares of PagSeguro Digital in a report on Tuesday, October 14th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, PagSeguro Digital currently has a consensus rating of “Hold” and a consensus price target of $11.83.

PagSeguro Digital Trading Up 4.9%

Shares of NYSE:PAGS opened at $9.94 on Wednesday. The firm has a 50 day simple moving average of $9.56 and a 200-day simple moving average of $9.14. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $11.16. The company has a market capitalization of $3.28 billion, a PE ratio of 8.02, a P/E/G ratio of 0.48 and a beta of 1.59.

PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Thursday, August 14th. The company reported $0.34 EPS for the quarter, beating 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 firm had revenue of $930.17 million for the quarter, compared to the consensus estimate of $901.10 million. As a group, 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 announced a — dividend, which was paid on Monday, November 3rd. Stockholders of record on Monday, October 6th were given a dividend of $0.12 per share. The ex-dividend date was Monday, October 6th. PagSeguro Digital’s payout ratio is 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.