Segall Bryant & Hamill LLC Makes New Investment in PagSeguro Digital Ltd. $PAGS

Segall Bryant & Hamill LLC acquired a new stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 167,455 shares of the company’s stock, valued at approximately $1,675,000.

Other hedge funds have also recently made changes to their positions in the company. Fairtree Asset Management Pty Ltd raised its stake in PagSeguro Digital by 85.8% in the 3rd quarter. Fairtree Asset Management Pty Ltd now owns 46,054 shares of the company’s stock worth $461,000 after acquiring an additional 21,269 shares during the last quarter. Quantbot Technologies LP lifted its position in PagSeguro Digital by 100.2% during the 3rd quarter. Quantbot Technologies LP now owns 628,593 shares of the company’s stock worth $6,286,000 after acquiring an additional 314,650 shares during the period. Xponance Inc. grew its stake in PagSeguro Digital by 25.2% during the 3rd quarter. Xponance Inc. now owns 27,543 shares of the company’s stock valued at $275,000 after purchasing an additional 5,545 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of PagSeguro Digital in the third quarter valued at about $698,000. Finally, Aurora Investment Counsel increased its holdings in shares of PagSeguro Digital by 1.8% in the third quarter. Aurora Investment Counsel now owns 260,166 shares of the company’s stock valued at $2,602,000 after purchasing an additional 4,578 shares during the period. 45.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on PAGS. Susquehanna upped their target price on PagSeguro Digital from $11.00 to $12.00 and gave the company a “positive” rating in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PagSeguro Digital in a report on Thursday, January 22nd. Wall Street Zen lowered shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, UBS Group boosted their target price on shares of PagSeguro Digital from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $11.86.

PagSeguro Digital Trading Down 2.0%

Shares of PAGS opened at $9.89 on Friday. The firm has a market cap of $3.26 billion, a P/E ratio of 7.72, a PEG ratio of 0.42 and a beta of 1.38. PagSeguro Digital Ltd. has a 12 month low of $7.16 and a 12 month high of $12.32. The stock’s 50 day moving average is $10.58 and its two-hundred day moving average is $9.91.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Wednesday, March 4th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. PagSeguro Digital had a return on equity of 16.20% and a net margin of 10.37%.The business had revenue of $991.79 million during the quarter, compared to the consensus estimate of $1.03 billion. Equities research analysts forecast that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

PagSeguro Digital Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, January 28th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, January 28th. PagSeguro Digital’s payout ratio is 10.85%.

PagSeguro Digital Company Profile

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.