Handelsbanken Fonder AB Trims Stock Position in PagSeguro Digital Ltd. $PAGS

Handelsbanken Fonder AB reduced its stake in PagSeguro Digital Ltd. by 69.8% in Q2, now holding 40,828 shares worth $394,000. Other institutional investors have adjusted their positions in the company. PagSeguro's stock opened at $10.27, with a market cap of $3.39 billion. Analysts have mixed ratings, with a consensus of 'Moderate Buy' and an average target price of $11.71. The company reported $0.36 EPS for the last quarter, slightly above estimates, and has a dividend payout ratio of 10.85%.

Handelsbanken Fonder AB decreased its stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 69.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,828 shares of the company's stock after selling 94,550 shares during the period. Handelsbanken Fonder AB's holdings in PagSeguro Digital were worth $394,000 at the end of the most recent reporting period.

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Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avantax Advisory Services Inc. boosted its stake in PagSeguro Digital by 41.0% in the first quarter. Avantax Advisory Services Inc. now owns 14,772 shares of the company's stock valued at $113,000 after acquiring an additional 4,297 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of PagSeguro Digital by 237.4% in the 1st quarter. Mackenzie Financial Corp now owns 42,224 shares of the company's stock valued at $322,000 after purchasing an additional 29,711 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of PagSeguro Digital in the 1st quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in PagSeguro Digital by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 38,852 shares of the company's stock worth $296,000 after buying an additional 3,901 shares during the last quarter. Finally, Manhattan West Asset Management LLC increased its position in PagSeguro Digital by 43.1% during the first quarter. Manhattan West Asset Management LLC now owns 33,466 shares of the company's stock worth $255,000 after buying an additional 10,085 shares during the period. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Stock Up 2.7%

NYSE:PAGS opened at $10.27 on Monday. The firm's fifty day simple moving average is $9.52 and its 200-day simple moving average is $9.13. The stock has a market cap of $3.39 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. PagSeguro Digital Ltd. has a fifty-two week low of $6.11 and a fifty-two week high of $11.16.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its quarterly earnings data 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 net margin of 11.00% and a return on equity of 15.39%. The firm had revenue of $937.15 million for the quarter, compared to the consensus estimate of $971.30 million. Equities analysts anticipate that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Cuts Dividend

The company also recently disclosed a -- dividend, which was paid on Monday, November 3rd. Investors of record on Monday, October 6th were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, October 6th. PagSeguro Digital's dividend payout ratio (DPR) is presently 10.85%.

Analyst Ratings Changes

Several research firms have recently weighed in on PAGS. Zacks Research downgraded PagSeguro Digital from a "strong-buy" rating to a "hold" rating in a report on Friday, September 19th. Susquehanna upped their price target on shares of PagSeguro Digital from $11.00 to $12.00 and gave the company a "positive" rating in a research report on Friday, November 14th. UBS Group raised their price objective on shares of PagSeguro Digital from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Tuesday, November 25th. Wall Street Zen cut shares of PagSeguro Digital from a "strong-buy" rating to a "buy" rating in a report on Saturday, October 4th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $9.00 price target (down previously from $12.00) on shares of PagSeguro Digital in a report on Tuesday, October 14th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $11.71.

Check Out Our Latest Report on PAGS

PagSeguro Digital Profile

(Free Report)

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.

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