Fox Run Management L.L.C. Buys New Position in PagSeguro Digital Ltd. $PAGS

Fox Run Management L.L.C. bought a new position in PagSeguro Digital Ltd. (NYSE:PAGS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 69,787 shares of the company’s stock, valued at approximately $698,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC grew its stake in shares of PagSeguro Digital by 511.6% in the 2nd quarter. Los Angeles Capital Management LLC now owns 256,082 shares of the company’s stock valued at $2,469,000 after buying an additional 214,211 shares during the period. Acadian Asset Management LLC raised its stake 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 buying an additional 485,575 shares during the period. Baupost Group LLC MA bought a new position in PagSeguro Digital in the second quarter worth approximately $24,100,000. Nvwm LLC acquired a new stake in PagSeguro Digital in the second quarter valued at approximately $953,000. Finally, Catalyst Funds Management Pty Ltd acquired a new stake in PagSeguro Digital in the second quarter valued at approximately $255,000. 45.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PAGS has been the topic of a number of research reports. Susquehanna upped their target price on PagSeguro Digital from $11.00 to $12.00 and gave the stock a “positive” rating in a research report on Friday, November 14th. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a research note on Thursday, January 22nd. Finally, UBS Group upped their price objective on shares of PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $11.86.

PagSeguro Digital Trading Down 0.3%

Shares of PagSeguro Digital stock opened at $10.60 on Friday. The company has a market capitalization of $3.49 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 0.44 and a beta of 1.40. The stock has a fifty day simple moving average of $10.53 and a 200 day simple moving average of $9.87. PagSeguro Digital Ltd. has a 12-month low of $6.70 and a 12-month high of $12.32.

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 paid a $0.12 dividend. The ex-dividend date was Wednesday, January 28th. PagSeguro Digital’s dividend payout ratio is presently 10.85%.

About PagSeguro Digital

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.