Legal & General Group Plc Purchases 90,591 Shares of PagSeguro Digital Ltd. $PAGS

Legal & General Group Plc increased its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 24.0% during the 4th quarter, Holdings Channel reports. The fund owned 468,145 shares of the company’s stock after buying an additional 90,591 shares during the quarter. Legal & General Group Plc’s holdings in PagSeguro Digital were worth $4,513,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its stake in PagSeguro Digital by 37.0% during the 4th quarter. GAMMA Investing LLC now owns 4,626 shares of the company’s stock worth $45,000 after acquiring an additional 1,249 shares during the last quarter. CWM LLC boosted its stake in PagSeguro Digital by 50.4% during the 4th quarter. CWM LLC now owns 7,902 shares of the company’s stock worth $76,000 after acquiring an additional 2,647 shares during the last quarter. Osaic Holdings Inc. boosted its stake in PagSeguro Digital by 93.4% during the 2nd quarter. Osaic Holdings Inc. now owns 7,891 shares of the company’s stock worth $76,000 after acquiring an additional 3,810 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in PagSeguro Digital by 72.7% during the 4th quarter. Farther Finance Advisors LLC now owns 8,002 shares of the company’s stock worth $77,000 after acquiring an additional 3,368 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. bought a new position in PagSeguro Digital during the 4th quarter worth approximately $96,000. Institutional investors own 45.88% of the company’s stock.

Insider Buying and Selling at PagSeguro Digital

In other PagSeguro Digital news, Director Luis Frias bought 498,500 shares of PagSeguro Digital stock in a transaction that occurred on Friday, March 27th. The stock was acquired at an average price of $9.96 per share, for a total transaction of $4,965,060.00. Following the completion of the acquisition, the director owned 2,673,605 shares of the company’s stock, valued at $26,629,105.80. This trade represents a 22.92% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alexandre Mr Magnani sold 200,000 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $11.26, for a total transaction of $2,252,000.00. Following the transaction, the director owned 607,390 shares of the company’s stock, valued at $6,839,211.40. The trade was a 24.77% decrease in their position. The SEC filing for this sale provides additional information.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Autonomous Res lowered shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. cut their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PagSeguro Digital in a research note on Friday, May 8th. Finally, Wall Street Zen lowered shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, PagSeguro Digital presently has an average rating of “Hold” and a consensus price target of $12.00.

PagSeguro Digital Stock Performance

Shares of PAGS opened at $8.54 on Tuesday. PagSeguro Digital Ltd. has a twelve month low of $7.74 and a twelve month high of $12.32. The firm’s 50 day moving average price is $9.91 and its two-hundred day moving average price is $10.14. The firm has a market cap of $2.39 billion, a P/E ratio of 6.28, a PEG ratio of 0.34 and a beta of 1.34.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). PagSeguro Digital had a net margin of 10.40% and a return on equity of 16.44%. The company had revenue of $642.01 million during the quarter, compared to the consensus estimate of $952.64 million. On average, sell-side analysts anticipate that PagSeguro Digital Ltd. will post 1.7 earnings per share for the current fiscal year.

PagSeguro Digital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, April 22nd were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date of this dividend was Wednesday, April 22nd. PagSeguro Digital’s payout ratio is currently 76.47%.

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.