PagSeguro Digital Ltd. (NYSE:PAGS) Receives Average Recommendation of “Hold” from Analysts

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have been assigned an average rating of “Hold” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $10.9833.

A number of equities research analysts have issued reports on PAGS shares. Bank of America lowered PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research report on Wednesday, July 15th. Wall Street Zen cut shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings downgraded shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Jefferies Financial Group initiated coverage on shares of PagSeguro Digital in a report on Thursday, July 23rd. They issued a “hold” rating and a $10.40 price objective on the stock. Finally, UBS Group lowered their price objective on PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating for the company in a research report on Friday, July 17th.

PagSeguro Digital Price Performance

NYSE:PAGS opened at $8.93 on Friday. The company has a fifty day simple moving average of $9.09 and a two-hundred day simple moving average of $9.65. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 6.24, a price-to-earnings-growth ratio of 0.44 and a beta of 1.31. PagSeguro Digital has a 52 week low of $8.42 and a 52 week high of $12.32.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The business had revenue of $942.97 million for the quarter, compared to analysts’ expectations of $1 billion. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. On average, analysts expect that PagSeguro Digital will post 1.69 EPS for the current year.

PagSeguro Digital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a $0.28 dividend. This is a positive change from PagSeguro Digital’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 12.5%. PagSeguro Digital’s payout ratio is 72.73%.

Insider Buying and Selling

In related news, insider Da Silva Ricardo Dutra sold 25,000 shares of the business’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $9.24, for a total value of $231,000.00. Following the completion of the sale, the insider directly owned 25,000 shares of the company’s stock, valued at $231,000. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Trading of PagSeguro Digital

A number of large investors have recently made changes to their positions in PAGS. Caitong International Asset Management Co. Ltd lifted its stake in PagSeguro Digital by 77.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock valued at $40,000 after buying an additional 1,821 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in PagSeguro Digital during the 4th quarter worth $45,000. Meeder Asset Management Inc. acquired a new position in PagSeguro Digital in the fourth quarter valued at $53,000. CWM LLC raised its holdings in shares of PagSeguro Digital by 50.4% in the fourth quarter. CWM LLC now owns 7,902 shares of the company’s stock valued at $76,000 after buying an additional 2,647 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of PagSeguro Digital by 93.4% during the second quarter. Osaic Holdings Inc. now owns 7,891 shares of the company’s stock worth $76,000 after buying an additional 3,810 shares during the period. 45.88% of the stock is owned by institutional investors and hedge funds.

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.