Grantham Mayo Van Otterloo & Co. LLC Makes New Investment in PagSeguro Digital Ltd. $PAGS

Grantham Mayo Van Otterloo & Co. LLC bought a new stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) during the third quarter, HoldingsChannel reports. The institutional investor bought 386,400 shares of the company’s stock, valued at approximately $3,864,000.

Several other hedge funds also recently modified their holdings of the business. Los Angeles Capital Management LLC grew its position in shares of PagSeguro Digital by 511.6% during the 2nd quarter. Los Angeles Capital Management LLC now owns 256,082 shares of the company’s stock worth $2,469,000 after buying an additional 214,211 shares during the period. Acadian Asset Management LLC lifted its holdings in PagSeguro Digital by 6.6% in the second quarter. Acadian Asset Management LLC now owns 7,831,041 shares of the company’s stock valued at $75,445,000 after buying an additional 485,575 shares during the period. Baupost Group LLC MA bought a new position in PagSeguro Digital in the second quarter valued at approximately $24,100,000. Catalyst Funds Management Pty Ltd bought a new position in PagSeguro Digital in the second quarter valued at approximately $255,000. Finally, SG Americas Securities LLC grew its holdings in PagSeguro Digital by 508.4% during the 3rd quarter. SG Americas Securities LLC now owns 194,856 shares of the company’s stock worth $1,949,000 after acquiring an additional 162,828 shares during the period. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Stock Performance

Shares of NYSE PAGS opened at $9.98 on Tuesday. The stock has a market cap of $3.29 billion, a P/E ratio of 7.79, a P/E/G ratio of 0.41 and a beta of 1.38. The firm has a 50 day moving average price of $10.59 and a 200 day moving average price of $9.95. PagSeguro Digital Ltd. has a 52-week low of $7.16 and a 52-week high of $12.32.

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

PagSeguro Digital Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have commented on PAGS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of PagSeguro Digital in a research report on Thursday, January 22nd. Susquehanna raised their price target on PagSeguro Digital from $11.00 to $12.00 and gave the stock a “positive” rating in a research report on Friday, November 14th. UBS Group lifted their price objective on PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Wall Street Zen downgraded PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Saturday. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.86.

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.