PagSeguro Digital Ltd. $PAGS Holdings Cut by Artemis Investment Management LLP

Artemis Investment Management LLP trimmed its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 20.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,092,251 shares of the company’s stock after selling 1,593,293 shares during the period. Artemis Investment Management LLP’s holdings in PagSeguro Digital were worth $54,221,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. WINTON GROUP Ltd purchased a new stake in shares of PagSeguro Digital during the second quarter valued at $172,000. Squarepoint Ops LLC boosted its position in PagSeguro Digital by 108.7% in the 2nd quarter. Squarepoint Ops LLC now owns 362,352 shares of the company’s stock worth $3,279,000 after purchasing an additional 188,748 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in PagSeguro Digital during the second quarter valued at $181,000. Corient Private Wealth LP purchased a new position in PagSeguro Digital during the second quarter worth approximately $278,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of PagSeguro Digital during the 2nd quarter valued at approximately $156,000. Hedge funds and other institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Stock Up 2.4%

Shares of PAGS traded up $0.26 on Thursday, reaching $10.77. The stock had a trading volume of 1,715,721 shares, compared to its average volume of 3,631,336. The firm has a market capitalization of $3.01 billion, a PE ratio of 7.52, a PEG ratio of 0.43 and a beta of 1.27. PagSeguro Digital Ltd. has a twelve month low of $8.42 and a twelve month high of $12.32. The firm has a 50-day moving average of $9.32 and a 200 day moving average of $9.48.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. PagSeguro Digital had a net margin of 10.46% and a return on equity of 16.36%. The firm had revenue of $942.97 million for the quarter, compared to analysts’ expectations of $1 billion. On average, sell-side analysts anticipate that PagSeguro Digital Ltd. will post 1.65 earnings per share for the current fiscal year.

PagSeguro Digital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were given a $0.28 dividend. This is a boost from PagSeguro Digital’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 10.4%. The ex-dividend date was Wednesday, September 16th. PagSeguro Digital’s dividend payout ratio (DPR) is currently 78.32%.

Insider Buying and Selling at PagSeguro Digital

In other news, insider Silva Dutra sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $9.24, for a total transaction of $231,000.00. Following the completion of the transaction, the insider directly owned 25,000 shares of the company’s stock, valued at $231,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analyst Upgrades and Downgrades

PAGS has been the topic of a number of recent research reports. Bank of America lowered shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research report on Wednesday, July 15th. UBS Group lowered their price objective on shares of PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating for the company in a research note on Tuesday, September 29th. Jefferies Financial Group started coverage on shares of PagSeguro Digital in a report on Thursday, July 23rd. They set a “hold” rating and a $10.40 price target for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PagSeguro Digital in a report on Friday, September 18th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, PagSeguro Digital presently has a consensus rating of “Hold” and a consensus target price of $10.73.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. is a Brazilian financial technology company that operates the PagBank ecosystem. The company provides payment acceptance and digital banking services primarily to micro, small and medium-sized businesses, self-employed professionals and individual consumers in Brazil.

Its products and services include point-of-sale payment terminals, online payment processing, digital accounts, payment cards, money transfers, bill payment and other financial services. PagSeguro also offers tools designed to help merchants manage transactions and business finances through digital platforms and mobile applications.

PagSeguro was developed as part of Brazil’s UOL group and became a publicly traded company on the New York Stock Exchange in 2018.