507,044 Shares in PagSeguro Digital Ltd. (NYSE:PAGS) Purchased by Sone Capital Management LLC

Sone Capital Management LLC purchased a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 507,044 shares of the company’s stock, valued at approximately $3,174,000.

A number of other institutional investors also recently added to or reduced their stakes in PAGS. Robeco Institutional Asset Management B.V. boosted its stake in PagSeguro Digital by 16.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company’s stock valued at $39,770,000 after buying an additional 874,777 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of PagSeguro Digital by 11.7% during the 4th quarter. Principal Financial Group Inc. now owns 451,110 shares of the company’s stock worth $2,824,000 after purchasing an additional 47,172 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in PagSeguro Digital by 112.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 81,371 shares of the company’s stock valued at $509,000 after purchasing an additional 42,990 shares during the last quarter. Barclays PLC boosted its position in PagSeguro Digital by 240.0% in the third quarter. Barclays PLC now owns 270,215 shares of the company’s stock valued at $2,327,000 after buying an additional 190,740 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in PagSeguro Digital by 28.5% during the fourth quarter. Sanctuary Advisors LLC now owns 25,422 shares of the company’s stock worth $159,000 after buying an additional 5,636 shares during the last quarter. 45.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PAGS. Susquehanna cut their target price on shares of PagSeguro Digital from $16.00 to $14.00 and set a “positive” rating for the company in a research note on Wednesday, May 14th. Citigroup upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $7.00 to $10.00 in a research report on Tuesday, April 22nd. Finally, Barclays decreased their target price on PagSeguro Digital from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, PagSeguro Digital currently has an average rating of “Moderate Buy” and a consensus target price of $11.63.

PagSeguro Digital Stock Performance

Shares of NYSE PAGS opened at $8.95 on Monday. The firm has a market capitalization of $2.95 billion, a PE ratio of 7.40, a price-to-earnings-growth ratio of 0.51 and a beta of 1.70. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $14.82. The firm’s 50-day moving average is $8.70 and its 200-day moving average is $7.78.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The firm had revenue of $857.50 million for the quarter, compared to analysts’ expectations of $914.45 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. As a group, equities research analysts anticipate that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

PagSeguro Digital Announces Dividend

The business also recently declared a — dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, May 23rd. PagSeguro Digital’s dividend payout ratio (DPR) is presently 11.48%.

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.