PagSeguro Digital Ltd. (NYSE:PAGS – Get Free Report)’s stock price rose 4.7% during trading on Thursday . The stock traded as high as $10.00 and last traded at $10.0610. 714,675 shares were traded during trading, a decline of 80% from the average daily volume of 3,547,057 shares. The stock had previously closed at $9.61.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Wall Street Zen cut shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Bank of America downgraded PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a report on Wednesday, July 15th. 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. Jefferies Financial Group assumed coverage on PagSeguro Digital in a research note on Thursday, July 23rd. They issued a “hold” rating and a $10.40 price objective on the stock. Finally, Weiss Ratings downgraded shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.98.
Get Our Latest Stock Analysis on PAGS
PagSeguro Digital Trading Down 0.1%
PagSeguro Digital (NYSE:PAGS – Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $942.97 million for the quarter, compared to analyst estimates of $1 billion. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. Research analysts forecast that PagSeguro Digital Ltd. will post 1.67 earnings per share for the current year.
PagSeguro Digital Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.28 per share. This is an increase from PagSeguro Digital’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 11.1%. The ex-dividend date is Wednesday, September 16th. PagSeguro Digital’s dividend payout ratio (DPR) is currently 72.73%.
Insider Activity at PagSeguro Digital
In related news, insider Silva Dutra sold 25,000 shares of the business’s stock in a transaction dated Monday, July 20th. The stock was 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Institutional Trading of PagSeguro Digital
Hedge funds have recently bought and sold shares of the business. Maple Rock Capital Partners Inc. purchased a new position in PagSeguro Digital during the 3rd quarter worth $28,011,000. Jacobs Levy Equity Management Inc. lifted its position in shares of PagSeguro Digital by 5,302.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,156,848 shares of the company’s stock valued at $21,568,000 after purchasing an additional 2,116,925 shares in the last quarter. Orbis Allan Gray Ltd purchased a new position in PagSeguro Digital during the second quarter worth about $20,106,000. Jain Global LLC bought a new stake in PagSeguro Digital in the 4th quarter worth about $17,424,000. Finally, HRT Financial LP grew its position in PagSeguro Digital by 288.8% in the 2nd quarter. HRT Financial LP now owns 1,631,649 shares of the company’s stock worth $15,729,000 after purchasing an additional 1,212,025 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.
About PagSeguro Digital
PagSeguro Digital Ltd., operating under the PagBank brand, is a Brazilian financial technology company that provides payment-processing and digital banking services. The company serves individual consumers, self-employed professionals, microbusinesses and small and medium-sized enterprises, with a focus on expanding access to electronic payments and financial services in Brazil.
Its offerings include point-of-sale payment terminals, online payment acceptance, mobile payment tools, QR code and Pix transactions, digital accounts, payment cards, personal and business loans, and other financial products.
See Also
- Five stocks we like better than PagSeguro Digital
- MarketBeat Week in Review – 09/07 – 09/11
- Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model
- Kroger’s Textbook Entry for Buy-and-Hold Investors
- AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window
Receive News & Ratings for PagSeguro Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PagSeguro Digital and related companies with MarketBeat.com's FREE daily email newsletter.
