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

Sone Capital Management LLC bought a new stake in PagSeguro Digital Ltd. (NYSE:PAGS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 507,044 shares of the company’s stock, valued at approximately $3,174,000. Sone Capital Management LLC owned about 0.15% of PagSeguro Digital as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Wexford Capital LP acquired a new stake in shares of PagSeguro Digital in the 4th quarter valued at $90,000. Tidal Investments LLC raised its holdings in PagSeguro Digital by 26.6% during the fourth quarter. Tidal Investments LLC now owns 49,864 shares of the company’s stock valued at $312,000 after buying an additional 10,478 shares in the last quarter. Teza Capital Management LLC acquired a new stake in shares of PagSeguro Digital in the fourth quarter worth about $354,000. State of Wyoming boosted its stake in shares of PagSeguro Digital by 32.8% during the 4th quarter. State of Wyoming now owns 6,436 shares of the company’s stock worth $40,000 after acquiring an additional 1,591 shares in the last quarter. Finally, Saba Capital Management L.P. increased its holdings in shares of PagSeguro Digital by 147.1% during the 4th quarter. Saba Capital Management L.P. now owns 1,877,626 shares of the company’s stock valued at $11,754,000 after acquiring an additional 1,117,811 shares during the last quarter. 45.88% of the stock is owned by institutional investors.

PagSeguro Digital Stock Performance

NYSE:PAGS opened at $8.95 on Monday. The firm’s 50-day moving average is $8.70 and its 200-day moving average is $7.78. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 7.40, a PEG ratio of 0.51 and a beta of 1.70. PagSeguro Digital Ltd. has a 52-week low of $6.11 and a 52-week high of $14.82.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Wednesday, May 14th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The business had revenue of $857.50 million for the quarter, compared to the consensus estimate of $914.45 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. Equities analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

PagSeguro Digital Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, May 23rd. PagSeguro Digital’s dividend payout ratio is presently 11.48%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Barclays cut their price objective on PagSeguro Digital from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Susquehanna reduced their price objective 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. Finally, Citigroup upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and raised their target price for the company from $7.00 to $10.00 in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.63.

About PagSeguro Digital

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.