PagSeguro Digital (NYSE:PAGS) Cut to Buy at Wall Street Zen

Wall Street Zen downgraded shares of PagSeguro Digital (NYSE:PAGS) from a strong-buy rating to a buy rating in a report issued on Saturday.

Other equities analysts also recently issued research reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a report on Saturday, September 27th. Bank of America raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $10.00 to $13.00 in a research report on Friday, September 19th. JPMorgan Chase & Co. increased their price target on shares of PagSeguro Digital from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Finally, Zacks Research lowered shares of PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $12.33.

PagSeguro Digital Trading Down 1.6%

Shares of NYSE:PAGS opened at $9.20 on Friday. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 7.42, a P/E/G ratio of 0.47 and a beta of 1.57. PagSeguro Digital has a 1 year low of $6.11 and a 1 year high of $11.16. The business has a fifty day simple moving average of $9.17 and a 200 day simple moving average of $8.96.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Thursday, August 14th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. PagSeguro Digital had a return on equity of 15.52% and a net margin of 11.04%.The firm had revenue of $930.17 million for the quarter, compared to the consensus estimate of $901.10 million. On average, sell-side analysts forecast that PagSeguro Digital will post 1.17 EPS for the current year.

PagSeguro Digital Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Monday, November 3rd. Shareholders of record on Monday, October 6th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, October 6th. PagSeguro Digital’s dividend payout ratio (DPR) is 11.29%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PAGS. PNC Financial Services Group Inc. acquired a new stake in shares of PagSeguro Digital in the first quarter worth $26,000. GAMMA Investing LLC raised its stake in PagSeguro Digital by 61.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,510 shares of the company’s stock valued at $34,000 after purchasing an additional 1,333 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in PagSeguro Digital by 626.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company’s stock valued at $39,000 after purchasing an additional 4,435 shares during the period. CWM LLC grew its position in PagSeguro Digital by 78.1% in the 2nd quarter. CWM LLC now owns 4,073 shares of the company’s stock worth $39,000 after purchasing an additional 1,786 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in PagSeguro Digital by 166.9% in the 1st quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company’s stock worth $51,000 after purchasing an additional 4,180 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Company Profile

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.