PagSeguro Digital (NYSE:PAGS) Releases Quarterly Earnings Results

PagSeguro Digital (NYSE:PAGS) posted its quarterly earnings data on Wednesday. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01, Zacks reports. The business had revenue of $991.79 million for the quarter, compared to analyst estimates of $1.03 billion. PagSeguro Digital had a return on equity of 15.39% and a net margin of 11.00%.

PagSeguro Digital Trading Down 4.8%

NYSE:PAGS traded down $0.51 during midday trading on Thursday, hitting $10.07. 1,535,468 shares of the company were exchanged, compared to its average volume of 4,051,152. PagSeguro Digital has a fifty-two week low of $7.16 and a fifty-two week high of $12.32. The company has a market capitalization of $3.32 billion, a PE ratio of 7.99, a price-to-earnings-growth ratio of 0.41 and a beta of 1.38. The company has a fifty day simple moving average of $10.57 and a 200 day simple moving average of $9.91.

PagSeguro Digital Announces Dividend

The business also recently declared a special dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, January 28th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, January 28th. PagSeguro Digital’s dividend payout ratio (DPR) is currently 10.85%.

Analyst Upgrades and Downgrades

Several research firms recently commented on PAGS. Susquehanna upped their price target on PagSeguro Digital from $11.00 to $12.00 and gave the stock a “positive” rating in a report on Friday, November 14th. UBS Group increased their price objective on shares of PagSeguro Digital from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a research note on Thursday, January 22nd. Five research 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.86.

Institutional Trading of PagSeguro Digital

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Atlas Capital Advisors Inc. acquired a new position in PagSeguro Digital in the fourth quarter valued at $45,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of PagSeguro Digital by 108.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,933 shares of the company’s stock worth $48,000 after buying an additional 2,569 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in PagSeguro Digital in the 4th quarter valued at about $53,000. Osaic Holdings Inc. raised its stake in PagSeguro Digital by 93.4% during the 2nd quarter. Osaic Holdings Inc. now owns 7,891 shares of the company’s stock valued at $76,000 after acquiring an additional 3,810 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in PagSeguro Digital during the 4th quarter worth approximately $99,000. Institutional investors and hedge funds 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.