PagSeguro Digital (NYSE:PAGS) Stock Price Down 7.6% – Should You Sell?

PagSeguro Digital Ltd. (NYSE:PAGS)’s stock price was down 7.6% during trading on Thursday . The stock traded as low as $9.21 and last traded at $9.3730. Approximately 2,140,154 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 4,353,043 shares. The stock had previously closed at $10.14.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Susquehanna lifted 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. Wall Street Zen lowered PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a research note on Thursday, January 22nd. Finally, UBS Group upped their price target on 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $11.86.

PagSeguro Digital Stock Down 0.3%

The company has a market cap of $3.09 billion, a PE ratio of 7.32, a price-to-earnings-growth ratio of 0.39 and a beta of 1.38. The firm has a fifty day simple moving average of $10.59 and a 200-day simple moving average of $9.96.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Wednesday, March 4th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. PagSeguro Digital had a return on equity of 16.20% and a net margin of 10.37%.The firm had revenue of $991.79 million for the quarter, compared to the consensus estimate of $1.03 billion. Equities research analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

PagSeguro Digital Announces Dividend

The firm also recently announced a special dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, January 28th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, January 28th. PagSeguro Digital’s payout ratio is presently 10.94%.

Institutional Trading of PagSeguro Digital

A number of large investors have recently bought and sold shares of PAGS. Artemis Investment Management LLP grew its position in PagSeguro Digital by 25.2% in the 4th quarter. Artemis Investment Management LLP now owns 6,764,422 shares of the company’s stock valued at $65,209,000 after buying an additional 1,363,223 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of PagSeguro Digital by 108.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,610,914 shares of the company’s stock valued at $63,729,000 after acquiring an additional 3,435,211 shares in the last quarter. State Street Corp increased its stake in shares of PagSeguro Digital by 3.1% during the fourth quarter. State Street Corp now owns 4,617,616 shares of the company’s stock worth $44,514,000 after acquiring an additional 139,227 shares during the period. Polunin Capital Partners Ltd raised its holdings in PagSeguro Digital by 0.4% during the fourth quarter. Polunin Capital Partners Ltd now owns 4,450,160 shares of the company’s stock worth $44,858,000 after purchasing an additional 16,700 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in PagSeguro Digital by 0.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,926,789 shares of the company’s stock worth $37,854,000 after purchasing an additional 12,863 shares in the last quarter. 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.