Intech Investment Management LLC Reduces Stock Holdings in PagSeguro Digital Ltd. $PAGS

Intech Investment Management LLC reduced its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 40.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 86,759 shares of the company’s stock after selling 59,350 shares during the quarter. Intech Investment Management LLC’s holdings in PagSeguro Digital were worth $868,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PAGS. Acadian Asset Management LLC increased its holdings in shares of PagSeguro Digital by 6.6% during the second quarter. Acadian Asset Management LLC now owns 7,831,041 shares of the company’s stock valued at $75,445,000 after acquiring an additional 485,575 shares in the last quarter. Polunin Capital Partners Ltd boosted its stake in PagSeguro Digital by 15.6% in the 3rd quarter. Polunin Capital Partners Ltd now owns 4,433,460 shares of the company’s stock worth $41,453,000 after purchasing an additional 598,089 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in PagSeguro Digital by 14.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,175,703 shares of the company’s stock worth $31,757,000 after purchasing an additional 396,000 shares during the last quarter. Baupost Group LLC MA acquired a new position in PagSeguro Digital during the 2nd quarter valued at approximately $24,100,000. Finally, Orbis Allan Gray Ltd acquired a new position in PagSeguro Digital during the 2nd quarter valued at approximately $20,106,000. Hedge funds and other institutional investors own 45.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. UBS Group lifted their price objective on shares of PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Wall Street Zen lowered PagSeguro Digital from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PagSeguro Digital in a research report on Thursday, January 22nd. Finally, Susquehanna boosted their price target on PagSeguro Digital from $11.00 to $12.00 and gave the company a “positive” rating in a research note on Friday, November 14th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $11.86.

PagSeguro Digital Price Performance

NYSE:PAGS opened at $9.89 on Monday. The company’s fifty day moving average price is $10.58 and its 200-day moving average price is $9.93. PagSeguro Digital Ltd. has a 1-year low of $7.16 and a 1-year high of $12.32. The firm has a market capitalization of $3.26 billion, a P/E ratio of 7.72, a PEG ratio of 0.41 and a beta of 1.38.

PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Wednesday, March 4th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. PagSeguro Digital had a net margin of 10.37% and a return on equity of 16.20%. The company had revenue of $991.79 million during the quarter, compared to the consensus estimate of $1.03 billion. Equities analysts anticipate that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Announces Dividend

The business also recently disclosed a special dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, January 28th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, January 28th. PagSeguro Digital’s payout ratio is 10.94%.

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.