Waterfront Wealth Inc. Increases Position in PagSeguro Digital Ltd. $PAGS

Waterfront Wealth Inc. grew its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 21.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 335,340 shares of the company’s stock after purchasing an additional 59,373 shares during the period. Waterfront Wealth Inc. owned approximately 0.10% of PagSeguro Digital worth $3,057,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. CWM LLC increased its position in PagSeguro Digital by 78.1% during the 2nd quarter. CWM LLC now owns 4,073 shares of the company’s stock valued at $39,000 after buying an additional 1,786 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of PagSeguro Digital in the third quarter worth $46,000. Virtus Advisers LLC bought a new position in shares of PagSeguro Digital during the second quarter valued at $51,000. Versant Capital Management Inc increased its holdings in shares of PagSeguro Digital by 114.1% during the third quarter. Versant Capital Management Inc now owns 5,156 shares of the company’s stock valued at $52,000 after acquiring an additional 2,748 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of PagSeguro Digital by 93.4% in the 2nd quarter. Osaic Holdings Inc. now owns 7,891 shares of the company’s stock worth $76,000 after purchasing an additional 3,810 shares during the last quarter. 45.88% of the stock is owned by institutional investors.

PagSeguro Digital Trading Up 3.5%

NYSE:PAGS opened at $10.98 on Monday. The company has a market cap of $3.62 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 0.45 and a beta of 1.39. The company has a 50 day simple moving average of $10.29 and a two-hundred day simple moving average of $9.61. PagSeguro Digital Ltd. has a 12 month low of $6.70 and a 12 month high of $12.32.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. PagSeguro Digital had a return on equity of 15.39% and a net margin of 11.00%.The firm had revenue of $937.15 million for the quarter, compared to analysts’ expectations of $971.30 million. Research analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, February 27th. Shareholders of record on Wednesday, January 28th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, January 28th. PagSeguro Digital’s dividend payout ratio (DPR) is presently 10.85%.

Wall Street Analyst Weigh In

Several analysts recently commented on PAGS shares. Weiss Ratings reissued a “hold (c)” rating on shares of PagSeguro Digital in a research report on Thursday, January 22nd. UBS Group increased their price target on shares of PagSeguro Digital from $13.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Susquehanna boosted their price objective on shares of PagSeguro Digital from $11.00 to $12.00 and gave the stock a “positive” rating in a report on Friday, November 14th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $9.00 price objective (down from $12.00) on shares of PagSeguro Digital in a research report on Tuesday, October 14th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.