PagSeguro Digital Ltd. $PAGS Holdings Lowered by Artemis Investment Management LLP

Artemis Investment Management LLP cut its holdings in PagSeguro Digital Ltd. (NYSE:PAGS – Free Report) by 20.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,092,251 shares of the company’s stock after selling 1,593,293 shares during the period. Artemis Investment Management LLP owned 2.18% of PagSeguro Digital worth $54,221,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new position in shares of PagSeguro Digital in the second quarter worth about $1,507,000. Bank of New York Mellon Corp purchased a new position in PagSeguro Digital during the 2nd quarter valued at $4,407,000. Squarepoint Ops LLC raised its stake in PagSeguro Digital by 108.7% in the second quarter. Squarepoint Ops LLC now owns 362,352 shares of the company’s stock worth $3,279,000 after buying an additional 188,748 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of PagSeguro Digital in the 1st quarter worth approximately $1,987,000. Finally, Sei Investments Co. raised its holdings in PagSeguro Digital by 168.5% in the first quarter. Sei Investments Co. now owns 611,057 shares of the company’s stock worth $6,123,000 after purchasing an additional 383,452 shares in the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.

PagSeguro Digital Price Performance

Shares of PAGS stock traded up $0.26 during mid-day trading on Thursday, hitting $10.77. The company had a trading volume of 1,715,721 shares, compared to its average volume of 3,631,336. PagSeguro Digital Ltd. has a 52-week low of $8.42 and a 52-week high of $12.32. The stock’s 50 day moving average price is $9.32 and its 200-day moving average price is $9.48. The company has a market capitalization of $3.01 billion, a P/E ratio of 7.52, a P/E/G ratio of 0.43 and a beta of 1.27.

PagSeguro Digital (NYSE:PAGS – Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $942.97 million for the quarter, compared to analysts’ expectations of $1 billion. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. On average, equities research analysts expect that PagSeguro Digital Ltd. will post 1.65 earnings per share for the current year.

PagSeguro Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 10.4%. The ex-dividend date of this dividend was Wednesday, September 16th. This is a positive change from PagSeguro Digital’s previous quarterly dividend of $0.26. PagSeguro Digital’s dividend payout ratio is 78.32%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Jefferies Financial Group began coverage on PagSeguro Digital in a research note on Thursday, July 23rd. They issued a “hold” rating and a $10.40 target price on the stock. UBS Group cut their price objective on PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Bank of America cut shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research note on Wednesday, July 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PagSeguro Digital in a research note on Friday, September 18th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, PagSeguro Digital presently has a consensus rating of “Hold” and an average price target of $10.73.

Check Out Our Latest Stock Analysis on PAGS

Insider Transactions at PagSeguro Digital

In other PagSeguro Digital news, insider Silva Dutra sold 25,000 shares of PagSeguro Digital stock in a transaction on Monday, July 20th. The shares were sold at an average price of $9.24, for a total transaction of $231,000.00. Following the completion of the transaction, the insider directly owned 25,000 shares of the company’s stock, valued at $231,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

PagSeguro Digital Profile

(Free Report)

PagSeguro Digital Ltd. is a Brazilian financial technology company that operates the PagBank ecosystem. The company provides payment acceptance and digital banking services primarily to micro, small and medium-sized businesses, self-employed professionals and individual consumers in Brazil.

Its products and services include point-of-sale payment terminals, online payment processing, digital accounts, payment cards, money transfers, bill payment and other financial services. PagSeguro also offers tools designed to help merchants manage transactions and business finances through digital platforms and mobile applications.

PagSeguro was developed as part of Brazil’s UOL group and became a publicly traded company on the New York Stock Exchange in 2018.

Further Reading

Institutional Ownership by Quarter for PagSeguro Digital (NYSE:PAGS)

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