Perpetual Ltd Buys 189,524 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Perpetual Ltd increased its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 227.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 272,741 shares of the company’s stock after buying an additional 189,524 shares during the quarter. Perpetual Ltd owned 0.08% of PagSeguro Digital worth $2,081,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PAGS. Signaturefd LLC raised its position in shares of PagSeguro Digital by 1,306.5% during the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company’s stock valued at $29,000 after buying an additional 4,233 shares during the last quarter. State of Wyoming increased its position in PagSeguro Digital by 32.8% during the fourth quarter. State of Wyoming now owns 6,436 shares of the company’s stock valued at $40,000 after acquiring an additional 1,591 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in PagSeguro Digital by 166.9% during the first quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company’s stock valued at $51,000 after acquiring an additional 4,180 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of PagSeguro Digital during the fourth quarter valued at $66,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of PagSeguro Digital during the fourth quarter valued at $79,000. Hedge funds and other institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Trading Up 0.3%

Shares of NYSE:PAGS opened at $9.40 on Friday. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $14.82. The company’s 50 day moving average is $9.22 and its 200 day moving average is $8.02. The company has a market cap of $3.10 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 0.66 and a beta of 1.58.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. PagSeguro Digital had a net margin of 11.15% and a return on equity of 15.43%. The company had revenue of $857.50 million for the quarter, compared to the consensus estimate of $914.45 million. Equities research analysts predict that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

PagSeguro Digital Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, August 15th. Shareholders of record on Wednesday, July 16th will be given a $0.12 dividend. The ex-dividend date is Wednesday, July 16th. This represents a yield of 1.5%. PagSeguro Digital’s dividend payout ratio is presently 11.48%.

Wall Street Analysts Forecast Growth

PAGS has been the subject of a number of recent analyst reports. Susquehanna lowered their target price 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. Citigroup raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and increased their price target for the company from $7.00 to $10.00 in a research report on Tuesday, April 22nd. Finally, Barclays cut their price objective on shares of PagSeguro Digital from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.63.

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.