PagSeguro Digital Ltd. (NYSE:PAGS) Declares — Dividend of $0.14

PagSeguro Digital Ltd. (NYSE:PAGS) announced a — dividend on Thursday, May 15th, Wall Street Journal reports. Investors of record on Friday, May 23rd will be paid a dividend of 0.14 per share on Friday, June 6th. The ex-dividend date of this dividend is Friday, May 23rd.

PagSeguro Digital Trading Down 0.4%

Shares of NYSE PAGS opened at $9.00 on Wednesday. The company has a fifty day moving average price of $8.76 and a 200 day moving average price of $7.79. The firm has a market cap of $2.97 billion, a PE ratio of 7.44, a PEG ratio of 0.51 and a beta of 1.70. PagSeguro Digital has a 1-year low of $6.11 and a 1-year high of $14.82.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The company had revenue of $857.50 million for the quarter, compared to analyst estimates of $914.45 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. Equities research analysts forecast that PagSeguro Digital will post 1.17 EPS for the current year.

Institutional Investors Weigh In On PagSeguro Digital

A hedge fund recently raised its stake in PagSeguro Digital stock. Intech Investment Management LLC raised its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 29.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,945 shares of the company’s stock after buying an additional 34,787 shares during the period. Intech Investment Management LLC’s holdings in PagSeguro Digital were worth $1,152,000 at the end of the most recent quarter. Institutional investors own 45.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PAGS shares. Susquehanna reduced their price target on PagSeguro Digital from $16.00 to $14.00 and set a “positive” rating for the company in a research report on Wednesday, May 14th. Citigroup upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and lifted their price target for the company from $7.00 to $10.00 in a research note on Tuesday, April 22nd. Finally, Barclays reduced their price objective on shares of PagSeguro Digital from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $11.63.

About PagSeguro Digital

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.