PagSeguro Digital Ltd. (NYSE:PAGS – Get Free Report) has earned an average recommendation of “Hold” from the eight analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $10.07.
PAGS has been the topic of several research reports. Jefferies Financial Group initiated coverage on shares of PagSeguro Digital in a report on Thursday, July 23rd. They set a “hold” rating and a $10.40 price objective on the stock. Bank of America cut shares of 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. Citigroup downgraded shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $13.00 to $8.00 in a research report on Tuesday, October 27th. Weiss Ratings lowered shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Finally, UBS Group lowered shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $13.00 to $8.00 in a report on Thursday.
Check Out Our Latest Stock Analysis on PagSeguro Digital
PagSeguro Digital Stock Down 0.8%
NYSE PAGS opened at $7.59 on Thursday. PagSeguro Digital has a 52 week low of $7.48 and a 52 week high of $12.32. The business has a 50 day moving average price of $9.61 and a 200-day moving average price of $9.75. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 5.31, a P/E/G ratio of 0.30 and a beta of 1.46.
PagSeguro Digital (NYSE:PAGS – Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. The company had revenue of $942.97 million for the quarter, compared to analysts’ expectations of $1 billion. On average, equities research analysts anticipate that PagSeguro Digital will post 1.65 earnings per share for the current year.
PagSeguro Digital Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $1.12 dividend on an annualized basis and a yield of 14.7%. This is an increase from PagSeguro Digital’s previous quarterly dividend of $0.26. PagSeguro Digital’s dividend payout ratio is presently 78.32%.
Insider Buying and Selling
In other news, Director Alexandre Magnani sold 27,294 shares of the stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $11.43, for a total value of $311,970.42. Following the completion of the sale, the director directly owned 57,390 shares of the company’s stock, valued at $655,967.70. This represents a 32.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 550,000 shares of company stock worth $6,034,146.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of PAGS. SBI Securities Co. Ltd. raised its position in PagSeguro Digital by 38.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,471 shares of the company’s stock valued at $40,000 after buying an additional 1,233 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in PagSeguro Digital by 86.7% during the 1st quarter. Meeder Asset Management Inc. now owns 10,308 shares of the company’s stock worth $103,000 after acquiring an additional 4,786 shares during the last quarter. Ritholtz Wealth Management purchased a new position in PagSeguro Digital during the 3rd quarter worth $92,000. Signaturefd LLC grew its stake in shares of PagSeguro Digital by 83.9% in the 3rd quarter. Signaturefd LLC now owns 11,121 shares of the company’s stock worth $99,000 after acquiring an additional 5,074 shares in the last quarter. Finally, Confluence Investment Management LLC bought a new stake in shares of PagSeguro Digital in the 2nd quarter worth $125,000. Hedge funds and other institutional investors own 45.88% of the company’s stock.
PagSeguro Digital Company Profile
PagSeguro Digital Ltd., operating under the PagBank brand, is a Brazilian financial technology company that provides payment and banking services to small and medium-sized businesses, independent professionals, and consumers. The company is part of the Universo Online (UOL) group and serves customers primarily in Brazil.
PagSeguro offers point-of-sale payment terminals and mobile payment solutions that allow merchants to accept credit, debit, contactless, and other electronic payments.
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