Picton Mahoney Asset Management Has $774,000 Position in PagSeguro Digital Ltd. $PAGS

Picton Mahoney Asset Management raised its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 62,316.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,396 shares of the company’s stock after buying an additional 77,272 shares during the quarter. Picton Mahoney Asset Management’s holdings in PagSeguro Digital were worth $774,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PAGS. Victory Capital Management Inc. lifted its holdings in shares of PagSeguro Digital by 30.2% during the 3rd quarter. Victory Capital Management Inc. now owns 83,304 shares of the company’s stock worth $833,000 after acquiring an additional 19,336 shares during the period. Segall Bryant & Hamill LLC bought a new stake in PagSeguro Digital in the third quarter valued at about $1,675,000. Fairtree Asset Management Pty Ltd raised its position in PagSeguro Digital by 85.8% in the third quarter. Fairtree Asset Management Pty Ltd now owns 46,054 shares of the company’s stock worth $461,000 after purchasing an additional 21,269 shares in the last quarter. Quantbot Technologies LP raised its position in PagSeguro Digital by 100.2% in the third quarter. Quantbot Technologies LP now owns 628,593 shares of the company’s stock worth $6,286,000 after purchasing an additional 314,650 shares in the last quarter. Finally, Xponance Inc. lifted its stake in PagSeguro Digital by 25.2% during the third quarter. Xponance Inc. now owns 27,543 shares of the company’s stock worth $275,000 after purchasing an additional 5,545 shares during the period. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Stock Down 2.0%

NYSE:PAGS opened at $9.89 on Friday. The firm has a market cap of $3.26 billion, a PE ratio of 7.72, a price-to-earnings-growth ratio of 0.41 and a beta of 1.38. PagSeguro Digital Ltd. has a 12 month low of $7.16 and a 12 month high of $12.32. The company’s 50-day moving average price is $10.58 and its two-hundred day moving average price is $9.92.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data 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. 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 analyst estimates of $1.03 billion. On average, research analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Dividend Announcement

The firm also recently declared a special dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, January 28th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, January 28th. PagSeguro Digital’s dividend payout ratio (DPR) is currently 10.85%.

Analysts Set New Price Targets

A number of research firms have weighed in on PAGS. UBS Group lifted their price objective on PagSeguro Digital from $13.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Wall Street Zen downgraded PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday. 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PagSeguro Digital in a research report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, PagSeguro Digital has an average rating of “Moderate Buy” and an average target price of $11.86.

PagSeguro Digital Company 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.