Brokerages Set PagSeguro Digital Ltd. (NYSE:PAGS) Price Target at $11.71

PagSeguro Digital Ltd. (NYSE:PAGS) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $11.7143.

A number of equities analysts have commented on the stock. UBS Group lifted their price objective on shares of PagSeguro Digital from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Wall Street Zen lowered shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 4th. The Goldman Sachs Group reiterated a “neutral” rating and set a $9.00 price objective (down previously from $12.00) on shares of PagSeguro Digital in a research note on Tuesday, October 14th. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a research note on Wednesday, October 8th. Finally, Susquehanna increased their price target on PagSeguro Digital from $11.00 to $12.00 and gave the stock a “positive” rating in a research report on Friday, November 14th.

PagSeguro Digital Stock Performance

Shares of PagSeguro Digital stock opened at $10.04 on Friday. The firm has a market cap of $3.32 billion, a PE ratio of 7.82, a price-to-earnings-growth ratio of 0.42 and a beta of 1.41. PagSeguro Digital has a 1 year low of $6.50 and a 1 year high of $11.16. The firm’s 50-day simple moving average is $9.86 and its 200-day simple moving average is $9.36.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $937.15 million for the quarter, compared to analysts’ expectations of $971.30 million. PagSeguro Digital had a return on equity of 15.39% and a net margin of 11.00%. On average, equities analysts predict that PagSeguro Digital will post 1.17 earnings per share for the current year.

PagSeguro Digital Announces Dividend

The business also recently announced a special dividend, which will be paid on Friday, February 27th. Shareholders of record on Wednesday, January 28th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, January 28th. PagSeguro Digital’s dividend payout ratio (DPR) is presently 10.85%.

Institutional Trading of PagSeguro Digital

A number of large investors have recently modified their holdings of PAGS. Acadian Asset Management LLC boosted 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 valued at $75,445,000 after purchasing an additional 485,575 shares during the period. Polunin Capital Partners Ltd grew its stake 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 worth $41,453,000 after purchasing an additional 598,089 shares in the last quarter. Causeway Capital Management LLC increased its holdings in shares of PagSeguro Digital by 44.6% during the third quarter. Causeway Capital Management LLC now owns 3,892,125 shares of the company’s stock valued at $38,921,000 after purchasing an additional 1,200,587 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of PagSeguro Digital by 14.2% during 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 in the last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new stake in PagSeguro Digital in the third quarter worth about $28,011,000. Institutional investors and hedge funds own 45.88% of the company’s stock.

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.