Analysts Set PagSeguro Digital Ltd. (NYSE:PAGS) Price Target at $10.98

PagSeguro Digital Ltd. (NYSE:PAGS) has received a consensus rating of “Hold” from the nine research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $10.9833.

A number of equities research analysts have weighed in on the stock. Weiss Ratings lowered shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Bank of America lowered shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research note on Wednesday, July 15th. Autonomous Res lowered shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Jefferies Financial Group began coverage on PagSeguro Digital in a report on Thursday, July 23rd. They issued a “hold” rating and a $10.40 target price on the stock. Finally, Wall Street Zen lowered shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th.

Insider Activity at PagSeguro Digital

In other news, insider Da Silva Ricardo Dutra sold 25,000 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $9.24, for a total transaction of $231,000.00. Following the completion of the transaction, the insider owned 25,000 shares in the company, valued at approximately $231,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Trading of PagSeguro Digital

A number of institutional investors have recently added to or reduced their stakes in PAGS. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of PagSeguro Digital in the second quarter worth approximately $156,000. California State Teachers Retirement System lifted its holdings in shares of PagSeguro Digital by 114.5% during the second quarter. California State Teachers Retirement System now owns 20,806 shares of the company’s stock valued at $188,000 after purchasing an additional 11,105 shares during the last quarter. AlphaGrep UK Ltd bought a new stake in shares of PagSeguro Digital in the 2nd quarter worth approximately $169,000. Public Employees Retirement System of Ohio purchased a new stake in shares of PagSeguro Digital in the second quarter worth $1,507,000. Finally, Globeflex Capital L P bought a new stake in PagSeguro Digital during the 2nd quarter valued at about $173,000. Hedge funds and other institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Stock Performance

Shares of PAGS stock opened at $9.05 on Friday. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 0.44 and a beta of 1.31. PagSeguro Digital has a 52 week low of $8.42 and a 52 week high of $12.32. The company has a 50-day simple moving average of $9.08 and a 200 day simple moving average of $9.67.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $942.97 million for the quarter, compared to analysts’ expectations of $1 billion. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. Sell-side analysts forecast that PagSeguro Digital will post 1.69 EPS for the current year.

PagSeguro Digital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, September 16th. This is a positive change from PagSeguro Digital’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 12.4%. PagSeguro Digital’s dividend payout ratio (DPR) is currently 72.73%.

PagSeguro Digital Company Profile

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.