Picton Mahoney Asset Management Has $774,000 Stock Position in PagSeguro Digital Ltd. $PAGS

Picton Mahoney Asset Management increased its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 62,316.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 77,396 shares of the company’s stock after buying an additional 77,272 shares during the period. Picton Mahoney Asset Management’s holdings in PagSeguro Digital were worth $774,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PAGS. Acadian Asset Management LLC lifted its position in PagSeguro Digital by 6.6% during the 2nd quarter. Acadian Asset Management LLC now owns 7,831,041 shares of the company’s stock worth $75,445,000 after acquiring an additional 485,575 shares during the last quarter. Polunin Capital Partners Ltd grew its position in shares of PagSeguro Digital by 15.6% in the third quarter. Polunin Capital Partners Ltd now owns 4,433,460 shares of the company’s stock valued at $41,453,000 after purchasing an additional 598,089 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of PagSeguro Digital by 14.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,175,703 shares of the company’s stock valued at $31,757,000 after purchasing an additional 396,000 shares during the last quarter. Baupost Group LLC MA bought a new position in shares of PagSeguro Digital in the second quarter worth about $24,100,000. Finally, Orbis Allan Gray Ltd bought a new position in shares of PagSeguro Digital in the second quarter worth about $20,106,000. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Stock Performance

NYSE PAGS opened at $9.89 on Friday. The firm has a 50-day simple moving average of $10.58 and a 200 day simple moving average of $9.92. PagSeguro Digital Ltd. has a twelve month low of $7.16 and a twelve month high of $12.32. The stock has a market cap of $3.26 billion, a PE ratio of 7.72, a PEG ratio of 0.41 and a beta of 1.38.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Wednesday, March 4th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.03 billion. Research analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

PagSeguro Digital Dividend Announcement

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

Analyst Upgrades and Downgrades

PAGS has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a research note on Thursday, January 22nd. Wall Street Zen downgraded PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group upped their price target on PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Susquehanna raised their price objective 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 issued a Hold rating to the stock. According to MarketBeat, PagSeguro Digital has an average rating of “Moderate Buy” and an average price target of $11.86.

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.