PagSeguro Digital (NYSE:PAGS) Posts Earnings Results, Beats Expectations By $0.02 EPS

PagSeguro Digital (NYSE:PAGS) issued its quarterly earnings results on Tuesday. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02, Zacks reports. The firm had revenue of $942.97 million for the quarter, compared to analysts’ expectations of $1 billion. PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%.

PagSeguro Digital Stock Performance

PAGS traded up $0.07 on Thursday, reaching $8.79. 903,565 shares of the company’s stock were exchanged, compared to its average volume of 3,647,629. PagSeguro Digital has a twelve month low of $8.26 and a twelve month high of $12.32. The company’s 50 day moving average is $9.10 and its 200-day moving average is $9.86. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 6.47, a PEG ratio of 0.44 and a beta of 1.31.

PagSeguro Digital Increases Dividend

The company 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 $0.28 dividend. This is a positive change from PagSeguro Digital’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, September 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 12.7%. PagSeguro Digital’s dividend payout ratio (DPR) is 76.47%.

Insider Buying and Selling at PagSeguro Digital

In other news, insider Da Silva Ricardo Dutra sold 25,000 shares of the company’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 owned 25,000 shares of the company’s stock, valued at $231,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PAGS. Atlas Capital Advisors Inc. purchased a new position in shares of PagSeguro Digital during the 4th quarter valued at approximately $45,000. Caitong International Asset Management Co. Ltd raised its holdings in PagSeguro Digital by 108.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,933 shares of the company’s stock valued at $48,000 after acquiring an additional 2,569 shares in the last quarter. Meeder Asset Management Inc. bought a new position in PagSeguro Digital during the 4th quarter valued at $53,000. Osaic Holdings Inc. boosted its stake in PagSeguro Digital by 93.4% during the 2nd quarter. Osaic Holdings Inc. now owns 7,891 shares of the company’s stock valued at $76,000 after acquiring an additional 3,810 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in PagSeguro Digital during the 4th quarter worth $99,000. Institutional investors and hedge funds own 45.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on PAGS shares. UBS Group lowered their price target on shares of PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating on the stock in a research note on Friday, July 17th. Bank of America lowered shares of 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 downgraded PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Autonomous Res lowered PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Finally, Jefferies Financial Group started coverage on PagSeguro Digital in a report on Thursday, July 23rd. They set a “hold” rating and a $10.40 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, PagSeguro Digital has a consensus rating of “Hold” and an average target price of $10.98.

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.