Quinn Opportunity Partners LLC Takes $96,000 Position in PagSeguro Digital Ltd. $PAGS

Quinn Opportunity Partners LLC acquired a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,000 shares of the company’s stock, valued at approximately $96,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vise Technologies Inc. purchased a new stake in shares of PagSeguro Digital during the 2nd quarter valued at $117,000. Acadian Asset Management LLC raised its stake 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 last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in PagSeguro Digital in the second quarter worth about $1,268,000. Los Angeles Capital Management LLC grew its stake in shares of PagSeguro Digital by 511.6% during the second quarter. Los Angeles Capital Management LLC now owns 256,082 shares of the company’s stock worth $2,469,000 after acquiring an additional 214,211 shares during the last quarter. Finally, Metis Global Partners LLC increased its holdings in shares of PagSeguro Digital by 2.3% during the second quarter. Metis Global Partners LLC now owns 395,530 shares of the company’s stock valued at $3,813,000 after acquiring an additional 8,787 shares in the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PAGS shares. Wall Street Zen cut shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 4th. Bank of America raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and raised their price target for the stock from $10.00 to $13.00 in a report on Friday, September 19th. The Goldman Sachs Group reiterated a “neutral” rating and set a $9.00 price objective (down from $12.00) on shares of PagSeguro Digital in a research note on Tuesday, October 14th. Zacks Research downgraded PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $11.83.

PagSeguro Digital Stock Performance

Shares of PAGS opened at $9.43 on Thursday. The business’s 50-day moving average is $9.56 and its two-hundred day moving average is $9.14. The company has a market capitalization of $3.11 billion, a P/E ratio of 7.61, a P/E/G ratio of 0.50 and a beta of 1.59. 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) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. PagSeguro Digital had a return on equity of 15.52% and a net margin of 11.04%. Analysts forecast that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

PagSeguro Digital Cuts Dividend

The company also recently announced a — dividend, which was paid on Monday, November 3rd. Stockholders of record on Monday, October 6th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, October 6th. PagSeguro Digital’s payout ratio is 11.29%.

PagSeguro Digital Profile

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.