Virtus Advisers LLC Acquires Shares of 5,341 PagSeguro Digital Ltd. $PAGS

Virtus Advisers LLC bought a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,341 shares of the company’s stock, valued at approximately $51,000.

Several other hedge funds have also bought and sold shares of PAGS. GAMMA Investing LLC raised its holdings in PagSeguro Digital by 61.2% during the second quarter. GAMMA Investing LLC now owns 3,510 shares of the company’s stock worth $34,000 after buying an additional 1,333 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of PagSeguro Digital by 0.5% during the second quarter. Rhumbline Advisers now owns 275,244 shares of the company’s stock valued at $2,653,000 after buying an additional 1,367 shares during the last quarter. Waterfront Wealth Inc. increased its position in shares of PagSeguro Digital by 0.5% during the second quarter. Waterfront Wealth Inc. now owns 275,967 shares of the company’s stock worth $2,660,000 after acquiring an additional 1,448 shares in the last quarter. CWM LLC increased its position in shares of PagSeguro Digital by 78.1% during the second quarter. CWM LLC now owns 4,073 shares of the company’s stock worth $39,000 after acquiring an additional 1,786 shares in the last quarter. Finally, Financial Perspectives Inc raised its holdings in shares of PagSeguro Digital by 9.1% in the 2nd quarter. Financial Perspectives Inc now owns 23,110 shares of the company’s stock worth $223,000 after acquiring an additional 1,922 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PAGS. Bank of America upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and lifted their price target for the company from $10.00 to $13.00 in a research note on Friday, September 19th. Zacks Research cut PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Weiss Ratings reissued a “hold (c)” rating on shares of PagSeguro Digital in a research report on Wednesday, October 8th. Susquehanna raised their price objective 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, Wall Street Zen downgraded shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 4th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, PagSeguro Digital presently has an average rating of “Moderate Buy” and an average price target of $11.71.

PagSeguro Digital Stock Down 0.5%

PAGS stock opened at $10.43 on Tuesday. The firm has a market cap of $3.44 billion, a PE ratio of 8.08, a P/E/G ratio of 0.54 and a beta of 1.45. The business has a 50 day moving average of $9.53 and a 200-day moving average of $9.14. PagSeguro Digital Ltd. has a 12-month low of $6.11 and a 12-month high of $11.16.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. PagSeguro Digital had a return on equity of 15.39% and a net margin of 11.00%.The business had revenue of $937.15 million for the quarter, compared to analyst estimates of $971.30 million. On average, research analysts expect that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Cuts Dividend

The business also recently declared a — dividend, which was paid on Monday, November 3rd. Investors of record on Monday, October 6th were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, October 6th. PagSeguro Digital’s payout ratio is 10.85%.

About PagSeguro Digital

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.