GSA Capital Partners LLP cut its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS – Free Report) by 61.0% during the fourth quarter, Holdings Channel reports. The firm owned 117,241 shares of the company’s stock after selling 183,741 shares during the quarter. GSA Capital Partners LLP’s holdings in PagSeguro Digital were worth $1,130,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Handelsbanken Fonder AB increased its stake in PagSeguro Digital by 4.4% during the fourth quarter. Handelsbanken Fonder AB now owns 42,628 shares of the company’s stock worth $411,000 after purchasing an additional 1,800 shares during the period. ProShare Advisors LLC increased its stake in PagSeguro Digital by 6.7% during the fourth quarter. ProShare Advisors LLC now owns 32,708 shares of the company’s stock worth $315,000 after purchasing an additional 2,056 shares during the period. Denali Advisors LLC purchased a new stake in PagSeguro Digital during the fourth quarter worth about $281,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in PagSeguro Digital by 10.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 31,236 shares of the company’s stock worth $302,000 after purchasing an additional 2,959 shares during the period. Finally, Hussman Strategic Advisors Inc. purchased a new stake in PagSeguro Digital during the fourth quarter worth about $2,024,000. 45.88% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages have issued reports on PAGS. UBS Group boosted their price target on shares of PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of PagSeguro Digital in a research note on Friday, May 8th. Wall Street Zen lowered shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Autonomous Res lowered shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. cut their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.00.
Insider Buying and Selling
In related news, Director Alexandre Mr Magnani sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $11.26, for a total transaction of $2,252,000.00. Following the sale, the director directly owned 607,390 shares in the company, valued at approximately $6,839,211.40. This represents a 24.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Luis Frias bought 498,500 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The shares were purchased at an average price of $9.96 per share, for a total transaction of $4,965,060.00. Following the completion of the purchase, the director directly owned 2,673,605 shares of the company’s stock, valued at approximately $26,629,105.80. This trade represents a 22.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.
PagSeguro Digital Stock Performance
PAGS stock opened at $9.34 on Friday. The company’s 50 day moving average price is $10.08 and its 200 day moving average price is $10.17. PagSeguro Digital Ltd. has a fifty-two week low of $7.74 and a fifty-two week high of $12.32. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 0.37 and a beta of 1.37.
PagSeguro Digital (NYSE:PAGS – Get Free Report) last released its earnings results on Tuesday, May 12th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%.The firm had revenue of $642.01 million for the quarter, compared to analysts’ expectations of $952.64 million. Equities analysts forecast that PagSeguro Digital Ltd. will post 1.68 EPS for the current fiscal year.
PagSeguro Digital Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, April 22nd will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date is Wednesday, April 22nd. PagSeguro Digital’s dividend payout ratio is presently 76.47%.
PagSeguro Digital Profile
PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.
The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.
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