Robeco Institutional Asset Management B.V. Trims Stock Position in PagSeguro Digital Ltd. $PAGS

Robeco Institutional Asset Management B.V. cut its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 44.2% during the second quarter, Holdings Channel.com reports. The firm owned 2,779,703 shares of the company’s stock after selling 2,201,037 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in PagSeguro Digital were worth $26,796,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its stake in PagSeguro Digital by 2.9% during the second quarter. Public Employees Retirement System of Ohio now owns 496,655 shares of the company’s stock worth $4,788,000 after purchasing an additional 13,963 shares during the period. GAMMA Investing LLC raised its stake 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 purchasing an additional 1,333 shares during the period. Exchange Traded Concepts LLC raised its stake in PagSeguro Digital by 369.6% during the second quarter. Exchange Traded Concepts LLC now owns 168,646 shares of the company’s stock worth $1,626,000 after purchasing an additional 132,730 shares during the period. Voya Investment Management LLC raised its stake in PagSeguro Digital by 13.2% during the first quarter. Voya Investment Management LLC now owns 367,328 shares of the company’s stock worth $2,803,000 after purchasing an additional 42,862 shares during the period. Finally, Intech Investment Management LLC increased its position in shares of PagSeguro Digital by 29.9% during the first quarter. Intech Investment Management LLC now owns 150,945 shares of the company’s stock valued at $1,152,000 after acquiring an additional 34,787 shares during the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.

PagSeguro Digital Stock Performance

Shares of PAGS stock opened at $9.36 on Friday. The stock has a market capitalization of $3.08 billion, a P/E ratio of 7.54, a price-to-earnings-growth ratio of 0.49 and a beta of 1.57. The company has a 50 day moving average price of $9.15 and a 200 day moving average price of $8.95. 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 announced its quarterly earnings data on Thursday, August 14th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. PagSeguro Digital had a net margin of 11.04% and a return on equity of 15.52%. The firm had revenue of $930.17 million during the quarter, compared to analysts’ expectations of $901.10 million. On average, research analysts forecast that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Cuts Dividend

The company also recently declared a — dividend, which will be paid on Monday, November 3rd. Investors of record on Monday, October 6th will be paid a $0.12 dividend. The ex-dividend date is Monday, October 6th. This represents a yield of 150.0%. PagSeguro Digital’s payout ratio is currently 11.29%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Bank of America upgraded shares of 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 report on Friday, September 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of PagSeguro Digital in a research report on Saturday, September 27th. JPMorgan Chase & Co. lifted their price target on shares of PagSeguro Digital from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. Wall Street Zen cut shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research cut shares of PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.33.

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.