Canton Hathaway LLC Buys New Holdings in PagSeguro Digital Ltd. $PAGS

Canton Hathaway LLC bought a new stake in PagSeguro Digital Ltd. (NYSE:PAGS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,300 shares of the company’s stock, valued at approximately $119,000.

A number of other large investors have also recently bought and sold shares of the company. AdvisorShares Investments LLC purchased a new stake in PagSeguro Digital in the second quarter valued at approximately $496,000. Waterfront Wealth Inc. boosted its position in PagSeguro Digital by 0.5% in the second quarter. Waterfront Wealth Inc. now owns 275,967 shares of the company’s stock valued at $2,660,000 after buying an additional 1,448 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in PagSeguro Digital by 22.8% in the second quarter. Y Intercept Hong Kong Ltd now owns 15,623 shares of the company’s stock valued at $151,000 after buying an additional 2,904 shares during the last quarter. Denali Advisors LLC purchased a new stake in PagSeguro Digital in the second quarter valued at approximately $413,000. Finally, Aurora Investment Counsel boosted its position in PagSeguro Digital by 3.2% in the 2nd quarter. Aurora Investment Counsel now owns 255,588 shares of the company’s stock worth $2,464,000 after purchasing an additional 7,856 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company’s stock.

Analyst Ratings Changes

PAGS has been the topic of several recent research reports. Zacks Research lowered PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. The Goldman Sachs Group reissued a “neutral” rating and set a $9.00 price target (down from $12.00) on shares of PagSeguro Digital in a report on Tuesday, October 14th. Wall Street Zen downgraded shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 4th. Weiss Ratings reissued a “hold (c)” rating on shares of PagSeguro Digital in a report on Wednesday, October 8th. Finally, Bank of America raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and increased their price target for the stock from $10.00 to $13.00 in a report on Friday, September 19th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.83.

PagSeguro Digital Price Performance

Shares of NYSE:PAGS opened at $9.37 on Friday. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $11.16. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of 0.48 and a beta of 1.57. The business’s 50 day moving average price is $9.44 and its 200-day moving average price is $9.10.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Thursday, August 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. PagSeguro Digital had a return on equity of 15.52% and a net margin of 11.04%.The firm had revenue of $930.17 million for the quarter, compared to analyst estimates of $901.10 million. On average, sell-side analysts expect that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Monday, November 3rd. Stockholders of record on Monday, October 6th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, October 6th. PagSeguro Digital’s dividend payout ratio (DPR) 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.