Renaissance Technologies LLC Buys Shares of 88,157 PagSeguro Digital Ltd. $PAGS

Renaissance Technologies LLC purchased a new position in PagSeguro Digital Ltd. (NYSE:PAGS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 88,157 shares of the company’s stock, valued at approximately $883,000.

A number of other large investors also recently modified their holdings of the company. Inceptionr LLC increased its holdings in PagSeguro Digital by 89.8% during the 1st quarter. Inceptionr LLC now owns 47,154 shares of the company’s stock worth $472,000 after acquiring an additional 22,308 shares during the period. Sei Investments Co. boosted its holdings in PagSeguro Digital by 168.5% in the 1st quarter. Sei Investments Co. now owns 611,057 shares of the company’s stock valued at $6,123,000 after purchasing an additional 383,452 shares during the period. State of Wyoming boosted its holdings in PagSeguro Digital by 191.8% in the 1st quarter. State of Wyoming now owns 20,018 shares of the company’s stock valued at $201,000 after purchasing an additional 13,157 shares during the period. First Trust Advisors LP grew its position in shares of PagSeguro Digital by 10.9% during the 1st quarter. First Trust Advisors LP now owns 18,678 shares of the company’s stock valued at $187,000 after purchasing an additional 1,835 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its position in shares of PagSeguro Digital by 86.7% during the 1st quarter. Meeder Asset Management Inc. now owns 10,308 shares of the company’s stock valued at $103,000 after purchasing an additional 4,786 shares in the last quarter. 45.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PAGS. UBS Group lowered their price objective on PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating on the stock in a research report on Friday, July 17th. Weiss Ratings cut PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Jefferies Financial Group started coverage on PagSeguro Digital in a research note on Thursday, July 23rd. They issued a “hold” rating and a $10.40 target price on the stock. Bank of America cut PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a report on Wednesday, July 15th. Finally, Wall Street Zen downgraded PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $10.98.

Insider Buying and Selling at PagSeguro Digital

In other news, insider Da Silva Ricardo Dutra sold 25,000 shares of the business’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 value of $231,000.00. Following the completion of the sale, the insider directly owned 25,000 shares in the company, valued at approximately $231,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

PagSeguro Digital Trading Down 1.2%

Shares of PagSeguro Digital stock opened at $8.72 on Friday. The firm has a market capitalization of $2.44 billion, a PE ratio of 6.10, a price-to-earnings-growth ratio of 0.43 and a beta of 1.31. The business’s 50-day moving average price is $9.10 and its 200-day moving average price is $9.83. PagSeguro Digital Ltd. has a 12 month low of $8.26 and a 12 month high of $12.32.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Tuesday, August 11th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $942.97 million during the quarter, compared to the consensus estimate of $1 billion. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. As a group, analysts predict that PagSeguro Digital Ltd. will post 1.69 earnings per share for the current fiscal year.

PagSeguro Digital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 12.8%. This is a boost from PagSeguro Digital’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 16th. PagSeguro Digital’s payout ratio is 72.73%.

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.