Grantham Mayo Van Otterloo & Co. LLC Invests $3.86 Million in PagSeguro Digital Ltd. $PAGS

Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 386,400 shares of the company’s stock, valued at approximately $3,864,000. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.12% of PagSeguro Digital as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PAGS. Farther Finance Advisors LLC bought a new stake in PagSeguro Digital during the third quarter worth about $46,000. Virtus Advisers LLC bought a new position in shares of PagSeguro Digital in the second quarter valued at approximately $51,000. Versant Capital Management Inc boosted 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 worth $52,000 after acquiring an additional 2,748 shares in the last quarter. CWM LLC boosted its holdings in shares of PagSeguro Digital by 29.0% in the 3rd quarter. CWM LLC now owns 5,255 shares of the company’s stock worth $53,000 after acquiring an additional 1,182 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position 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. 45.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PAGS has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of PagSeguro Digital in a research report on Thursday, January 22nd. UBS Group increased their target price on PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Wall Street Zen lowered PagSeguro Digital from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Susquehanna lifted their price target on PagSeguro Digital from $11.00 to $12.00 and gave the company a “positive” rating in a report on Friday, November 14th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.86.

PagSeguro Digital Price Performance

Shares of PagSeguro Digital stock opened at $9.98 on Tuesday. The firm has a market cap of $3.29 billion, a P/E ratio of 7.79, a P/E/G ratio of 0.41 and a beta of 1.38. The firm has a 50 day simple moving average of $10.59 and a 200 day simple moving average of $9.95. PagSeguro Digital Ltd. has a fifty-two week low of $7.16 and a fifty-two week high of $12.32.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data 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 net margin of 10.37% and a return on equity of 16.20%. The firm had revenue of $991.79 million during the quarter, compared to analysts’ expectations of $1.03 billion. On average, sell-side analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

PagSeguro Digital Dividend Announcement

The company also recently announced a special dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, January 28th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, January 28th. PagSeguro Digital’s payout ratio is presently 10.94%.

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.