Renaissance Technologies LLC Invests $883,000 in PagSeguro Digital Ltd. $PAGS

Renaissance Technologies LLC bought a new stake in PagSeguro Digital Ltd. (NYSE:PAGS) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 88,157 shares of the company’s stock, valued at approximately $883,000.

Several other institutional investors also recently bought and sold shares of PAGS. Caitong International Asset Management Co. Ltd increased its stake in PagSeguro Digital by 77.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock worth $40,000 after purchasing an additional 1,821 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in shares of PagSeguro Digital during the fourth quarter valued at approximately $45,000. Meeder Asset Management Inc. bought a new position in shares of PagSeguro Digital in the fourth quarter worth approximately $53,000. CWM LLC grew its holdings in shares of PagSeguro Digital by 50.4% in the fourth quarter. CWM LLC now owns 7,902 shares of the company’s stock worth $76,000 after purchasing an additional 2,647 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in shares of PagSeguro Digital by 93.4% in the second quarter. Osaic Holdings Inc. now owns 7,891 shares of the company’s stock worth $76,000 after buying an additional 3,810 shares during the period. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

PagSeguro Digital Stock Down 1.2%

Shares of PAGS stock opened at $8.72 on Friday. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 6.10, a PEG ratio of 0.43 and a beta of 1.31. The stock has a fifty day moving average of $9.10 and a 200 day moving average of $9.83. PagSeguro Digital Ltd. has a 52 week low of $8.26 and a 52 week high of $12.32.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. PagSeguro Digital had a net margin of 10.46% and a return on equity of 16.36%. The business had revenue of $942.97 million during the quarter, compared to analyst estimates of $1 billion. Equities research analysts anticipate that PagSeguro Digital Ltd. will post 1.69 earnings per share for the current year.

PagSeguro Digital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.28 per share. This is an increase from PagSeguro Digital’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 12.8%. The ex-dividend date is Wednesday, September 16th. PagSeguro Digital’s dividend payout ratio is presently 72.73%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Jefferies Financial Group started coverage on shares of PagSeguro Digital in a research report on Thursday, July 23rd. They set a “hold” rating and a $10.40 price target for the company. Weiss Ratings cut shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Bank of America downgraded shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research note on Wednesday, July 15th. Autonomous Res cut PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Finally, UBS Group cut their target price on PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating on the stock in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.98.

Insider Transactions at PagSeguro Digital

In related news, insider Da Silva Ricardo Dutra sold 25,000 shares of the stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $9.24, for a total value of $231,000.00. Following the completion of the transaction, the insider directly owned 25,000 shares of the company’s stock, valued at $231,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

PagSeguro Digital 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.