PagSeguro Digital Ltd. $PAGS Stake Trimmed by Tekne Capital Management LLC

Tekne Capital Management LLC trimmed its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 16.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,040,000 shares of the company’s stock after selling 593,285 shares during the quarter. PagSeguro Digital makes up 8.8% of Tekne Capital Management LLC’s holdings, making the stock its 3rd biggest position. Tekne Capital Management LLC’s holdings in PagSeguro Digital were worth $23,195,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. purchased a new position in PagSeguro Digital in the first quarter valued at about $26,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in PagSeguro Digital by 626.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company’s stock valued at $39,000 after acquiring an additional 4,435 shares during the last quarter. State of Wyoming increased its stake in shares of PagSeguro Digital by 32.8% in the fourth quarter. State of Wyoming now owns 6,436 shares of the company’s stock worth $40,000 after purchasing an additional 1,591 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in PagSeguro Digital by 166.9% during the 1st quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company’s stock valued at $51,000 after acquiring an additional 4,180 shares during the period. Finally, Signaturefd LLC raised its holdings in PagSeguro Digital by 50.6% during the 1st quarter. Signaturefd LLC now owns 6,863 shares of the company’s stock valued at $52,000 after acquiring an additional 2,306 shares during the period. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of PagSeguro Digital from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, July 16th. Wall Street Zen raised shares of PagSeguro Digital from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. Finally, Susquehanna cut their price target on shares of PagSeguro Digital from $16.00 to $14.00 and set a “positive” rating for the company in a report on Wednesday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, PagSeguro Digital currently has a consensus rating of “Moderate Buy” and an average price target of $11.36.

PagSeguro Digital Price Performance

Shares of NYSE:PAGS opened at $8.68 on Thursday. The company’s fifty day moving average price is $8.70 and its 200-day moving average price is $8.57. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 0.58 and a beta of 1.57. PagSeguro Digital Ltd. has a one year low of $6.11 and a one year high of $11.32.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $930.17 million for the quarter, compared to analyst estimates of $901.10 million. PagSeguro Digital had a net margin of 11.04% and a return on equity of 15.52%. As a group, equities research analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

PagSeguro Digital Cuts Dividend

The business also recently declared a special dividend, which was paid on Friday, August 15th. Stockholders of record on Wednesday, July 16th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, July 16th. This represents a dividend yield of 150.0%. PagSeguro Digital’s dividend payout ratio is presently 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.