CenterBook Partners LP Buys Shares of 100,843 PagSeguro Digital Ltd. $PAGS

CenterBook Partners LP purchased a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 100,843 shares of the company’s stock, valued at approximately $1,008,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC boosted its position in shares of PagSeguro Digital by 6.6% in the 2nd quarter. Acadian Asset Management LLC now owns 7,831,041 shares of the company’s stock worth $75,445,000 after purchasing an additional 485,575 shares in the last quarter. Polunin Capital Partners Ltd raised its stake in 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 buying an additional 598,089 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in 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 worth $31,757,000 after acquiring an additional 396,000 shares in the last quarter. Baupost Group LLC MA purchased a new stake in shares of PagSeguro Digital during the second quarter worth about $24,100,000. Finally, Orbis Allan Gray Ltd acquired a new position in shares of PagSeguro Digital during the second quarter valued at about $20,106,000. Hedge funds and other institutional investors own 45.88% of the company’s stock.

Analyst Upgrades and Downgrades

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

PagSeguro Digital Trading Up 2.3%

Shares of NYSE PAGS opened at $11.31 on Friday. The company has a 50 day simple moving average of $10.42 and a two-hundred day simple moving average of $9.79. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 0.46 and a beta of 1.40. PagSeguro Digital Ltd. has a 12 month low of $6.70 and a 12 month high of $12.32.

PagSeguro Digital Announces Dividend

The firm also recently announced a special dividend, which will be paid on Friday, February 27th. Investors of record on Wednesday, January 28th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, January 28th. PagSeguro Digital’s payout ratio is currently 10.85%.

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.