Hussman Strategic Advisors Inc. Takes Position in PagSeguro Digital Ltd. $PAGS

Hussman Strategic Advisors Inc. purchased a new stake in PagSeguro Digital Ltd. (NYSE:PAGS) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 210,000 shares of the company’s stock, valued at approximately $2,024,000. Hussman Strategic Advisors Inc. owned 0.06% of PagSeguro Digital as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PAGS. Intech Investment Management LLC boosted its holdings in shares of PagSeguro Digital by 29.9% in the first quarter. Intech Investment Management LLC now owns 150,945 shares of the company’s stock valued at $1,152,000 after buying an additional 34,787 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of PagSeguro Digital by 41.9% in the second quarter. Hsbc Holdings PLC now owns 44,955 shares of the company’s stock valued at $433,000 after buying an additional 13,279 shares during the period. Norges Bank acquired a new position in shares of PagSeguro Digital in the second quarter valued at approximately $529,000. First Trust Advisors LP boosted its holdings in shares of PagSeguro Digital by 9.7% in the second quarter. First Trust Advisors LP now owns 23,684 shares of the company’s stock valued at $228,000 after buying an additional 2,098 shares during the period. Finally, Amundi boosted its holdings in shares of PagSeguro Digital by 48.7% in the second quarter. Amundi now owns 25,946 shares of the company’s stock valued at $244,000 after buying an additional 8,500 shares during the period. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Trading Down 1.4%

Shares of PAGS opened at $9.88 on Friday. PagSeguro Digital Ltd. has a 12 month low of $7.74 and a 12 month high of $12.32. The firm has a fifty day simple moving average of $10.33 and a 200 day simple moving average of $10.14. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 0.40 and a beta of 1.37.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Wednesday, March 4th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. PagSeguro Digital had a net margin of 10.37% and a return on equity of 16.20%. The business had revenue of $991.79 million during the quarter, compared to analysts’ expectations of $1.03 billion. As a group, research analysts predict that PagSeguro Digital Ltd. will post 1.66 earnings per share for the current fiscal year.

PagSeguro Digital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, April 22nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 10.5%. The ex-dividend date of this dividend is Wednesday, April 22nd. PagSeguro Digital’s dividend payout ratio is 81.25%.

Insider Buying and Selling at PagSeguro Digital

In other news, Director Luis Frias purchased 498,500 shares of the company’s stock in a transaction on Friday, March 27th. The shares were purchased at an average cost of $9.96 per share, with a total value of $4,965,060.00. Following the completion of the transaction, the director owned 2,673,605 shares of the company’s stock, valued at $26,629,105.80. The trade was a 22.92% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexandre Mr Magnani sold 200,000 shares of the company’s stock in a transaction on Friday, April 17th. The stock was 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 $6,839,211.40. This trade represents a 24.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PAGS. Wall Street Zen upgraded shares of PagSeguro Digital from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group increased their target price on shares of PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a report on Thursday, January 22nd. JPMorgan Chase & Co. reduced their target price on shares of PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Finally, Autonomous Res cut shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.00.

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.