Quantbot Technologies LP Buys 314,650 Shares of PagSeguro Digital Ltd. $PAGS

Quantbot Technologies LP lifted its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 100.2% during the third quarter, Holdings Channel.com reports. The fund owned 628,593 shares of the company’s stock after buying an additional 314,650 shares during the period. Quantbot Technologies LP’s holdings in PagSeguro Digital were worth $6,286,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC increased its position in shares of PagSeguro Digital by 511.6% during the 2nd quarter. Los Angeles Capital Management LLC now owns 256,082 shares of the company’s stock worth $2,469,000 after purchasing an additional 214,211 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of PagSeguro Digital by 6.6% in the second quarter. Acadian Asset Management LLC now owns 7,831,041 shares of the company’s stock valued at $75,445,000 after buying an additional 485,575 shares in the last quarter. Baupost Group LLC MA acquired a new position in PagSeguro Digital during the second quarter worth $24,100,000. Catalyst Funds Management Pty Ltd acquired a new position in PagSeguro Digital during the second quarter worth $255,000. Finally, Nvwm LLC bought a new stake in PagSeguro Digital during the second quarter worth $953,000. 45.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PAGS has been the subject of a number of analyst reports. Susquehanna lifted their price objective on shares of PagSeguro Digital from $11.00 to $12.00 and gave the company a “positive” rating in a research report on Friday, November 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of PagSeguro Digital in a research note on Thursday, January 22nd. Finally, UBS Group boosted their price target on PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a research 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 company’s stock. According to MarketBeat.com, PagSeguro Digital has an average rating of “Moderate Buy” and a consensus price target of $11.86.

PagSeguro Digital Stock Down 0.3%

Shares of PAGS stock opened at $10.60 on Friday. PagSeguro Digital Ltd. has a 12-month low of $6.70 and a 12-month high of $12.32. The company has a market capitalization of $3.49 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 0.44 and a beta of 1.40. The firm has a 50 day moving average price of $10.53 and a two-hundred day moving average price of $9.88.

PagSeguro Digital Announces Dividend

The company also recently declared a special dividend, which was paid on Friday, February 27th. Investors 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%.

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.