Brokerages Set PagSeguro Digital Ltd. (NYSE:PAGS) Target Price at $11.86

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have received a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $11.8571.

PAGS has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of PagSeguro Digital in a research note on Thursday, January 22nd. Susquehanna boosted their price objective on PagSeguro Digital from $11.00 to $12.00 and gave the company a “positive” rating in a research report on Friday, November 14th. The Goldman Sachs Group restated a “neutral” rating and issued a $9.00 target price (down previously from $12.00) on shares of PagSeguro Digital in a report on Tuesday, October 14th. Finally, UBS Group lifted their target price on shares of PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th.

PagSeguro Digital Trading Down 2.0%

Shares of PagSeguro Digital stock opened at $10.64 on Tuesday. The firm has a market capitalization of $3.51 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 0.45 and a beta of 1.40. PagSeguro Digital has a 12 month low of $6.70 and a 12 month high of $12.32. The business’s 50-day moving average price is $10.28 and its 200-day moving average price is $9.57.

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

PagSeguro Digital Dividend Announcement

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

Hedge Funds Weigh In On PagSeguro Digital

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC increased its position in PagSeguro Digital by 29.9% during the 1st quarter. Intech Investment Management LLC now owns 150,945 shares of the company’s stock valued at $1,152,000 after purchasing an additional 34,787 shares during the period. GAMMA Investing LLC boosted its stake in shares of PagSeguro Digital by 61.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,510 shares of the company’s stock valued at $34,000 after purchasing an additional 1,333 shares in the last quarter. Vontobel Holding Ltd. purchased a new position in shares of PagSeguro Digital during the second quarter valued at about $444,000. CWM LLC increased its position in shares of PagSeguro Digital by 78.1% during the second quarter. CWM LLC now owns 4,073 shares of the company’s stock valued at $39,000 after buying an additional 1,786 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in PagSeguro Digital in the second quarter worth about $220,000. Institutional investors own 45.88% of the company’s stock.

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.