Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Holdings in PagSeguro Digital Ltd. $PAGS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 3.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 155,989 shares of the company’s stock after acquiring an additional 5,369 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in PagSeguro Digital were worth $1,504,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Nuveen LLC purchased a new stake in shares of PagSeguro Digital during the first quarter worth about $59,603,000. Acadian Asset Management LLC grew its stake in PagSeguro Digital by 6.6% during the 2nd quarter. Acadian Asset Management LLC now owns 7,831,041 shares of the company’s stock valued at $75,445,000 after purchasing an additional 485,575 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in PagSeguro Digital during the 1st quarter worth approximately $2,198,000. Los Angeles Capital Management LLC raised its position in shares of PagSeguro Digital by 511.6% in the 2nd quarter. Los Angeles Capital Management LLC now owns 256,082 shares of the company’s stock valued at $2,469,000 after purchasing an additional 214,211 shares in the last quarter. Finally, PDT Partners LLC boosted its stake in shares of PagSeguro Digital by 249.1% during the 1st quarter. PDT Partners LLC now owns 228,310 shares of the company’s stock valued at $1,742,000 after buying an additional 162,907 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PAGS has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a research note on Wednesday, October 8th. Bank of America raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $10.00 to $13.00 in a research report on Friday, September 19th. The Goldman Sachs Group restated a “neutral” rating and issued a $9.00 target price (down previously from $12.00) on shares of PagSeguro Digital in a research note on Tuesday, October 14th. Zacks Research downgraded PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Finally, Susquehanna upped their price objective on PagSeguro Digital from $11.00 to $12.00 and gave the company a “positive” rating in a research note on Friday, November 14th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.50.

PagSeguro Digital Trading Up 5.1%

NYSE:PAGS opened at $9.69 on Friday. The stock has a 50 day moving average of $9.57 and a 200-day moving average of $9.13. The firm has a market capitalization of $3.19 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 0.47 and a beta of 1.59. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $11.16.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $937.15 million for the quarter, compared to the consensus estimate of $971.30 million. PagSeguro Digital had a return on equity of 15.39% and a net margin of 11.00%. As a group, analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Cuts Dividend

The company also recently declared a — dividend, which was paid on Monday, November 3rd. Stockholders of record on Monday, October 6th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, October 6th. PagSeguro Digital’s payout ratio is 10.85%.

PagSeguro Digital Company 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.