Y Intercept Hong Kong Ltd Raises Stock Position in PagSeguro Digital Ltd. $PAGS

Y Intercept Hong Kong Ltd lifted its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 626.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,544 shares of the company’s stock after buying an additional 97,921 shares during the period. Y Intercept Hong Kong Ltd’s holdings in PagSeguro Digital were worth $1,135,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PAGS. Yorktown Management & Research Co Inc acquired a new position in PagSeguro Digital in the third quarter valued at $378,000. Versant Capital Management Inc lifted its holdings in shares of PagSeguro Digital by 114.1% in the 3rd quarter. Versant Capital Management Inc now owns 5,156 shares of the company’s stock valued at $52,000 after purchasing an additional 2,748 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of PagSeguro Digital in the 3rd quarter valued at about $89,000. SG Americas Securities LLC grew its stake in PagSeguro Digital by 508.4% during the 3rd quarter. SG Americas Securities LLC now owns 194,856 shares of the company’s stock worth $1,949,000 after buying an additional 162,828 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in PagSeguro Digital by 37.0% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 18,633 shares of the company’s stock worth $186,000 after buying an additional 5,036 shares during the period. 45.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PAGS. UBS Group raised their target price on shares of PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group reissued a “neutral” rating and set a $9.00 price objective (down from $12.00) on shares of PagSeguro Digital in a research report on Tuesday, October 14th. Wall Street Zen cut shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 4th. Weiss Ratings reissued a “hold (c)” rating on shares of PagSeguro Digital in a report on Thursday, January 22nd. Finally, Susquehanna boosted their price target on shares of PagSeguro Digital from $11.00 to $12.00 and gave the stock a “positive” rating in a research note on Friday, November 14th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, PagSeguro Digital has a consensus rating of “Moderate Buy” and a consensus target price of $11.86.

PagSeguro Digital Price Performance

PAGS opened at $11.25 on Friday. PagSeguro Digital Ltd. has a 1-year low of $6.70 and a 1-year high of $12.32. The stock has a market cap of $3.96 billion, a P/E ratio of 8.72, a P/E/G ratio of 0.51 and a beta of 1.41. The stock’s 50 day simple moving average is $10.19 and its 200 day simple moving average is $9.50.

PagSeguro Digital (NYSE:PAGS) last posted its earnings results 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 return on equity of 15.39% and a net margin of 11.00%.The company had revenue of $937.15 million for the quarter, compared to the consensus estimate of $971.30 million. Research analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Announces Dividend

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

About PagSeguro Digital

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.