PagSeguro Digital Ltd. (NYSE:PAGS) Receives $11.71 Consensus Target Price from Brokerages

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $12.00.

Several research firms have commented on PAGS. UBS Group raised their price objective on PagSeguro Digital from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PagSeguro Digital in a research report on Thursday, January 22nd. JPMorgan Chase & Co. lowered their target price on PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Finally, Wall Street Zen downgraded PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Saturday, March 7th.

Insiders Place Their Bets

In other news, Director Luis Frias bought 498,500 shares of PagSeguro Digital stock in a transaction dated Friday, March 27th. The shares were acquired at an average cost of $9.96 per share, with a total value of $4,965,060.00. Following the completion of the transaction, the director owned 2,673,605 shares in the company, valued at approximately $26,629,105.80. This trade represents a 22.92% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexandre Mr Magnani sold 200,000 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $11.26, for a total transaction of $2,252,000.00. Following the completion of the transaction, the director owned 607,390 shares of the company’s stock, valued at $6,839,211.40. This trade represents a 24.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Artemis Investment Management LLP increased its position in PagSeguro Digital by 25.2% in the 4th quarter. Artemis Investment Management LLP now owns 6,764,422 shares of the company’s stock valued at $65,209,000 after acquiring an additional 1,363,223 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of PagSeguro Digital by 108.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,610,914 shares of the company’s stock valued at $63,729,000 after purchasing an additional 3,435,211 shares in the last quarter. State Street Corp lifted its holdings in PagSeguro Digital by 3.1% in the fourth quarter. State Street Corp now owns 4,617,616 shares of the company’s stock worth $44,514,000 after purchasing an additional 139,227 shares during the period. Polunin Capital Partners Ltd grew its position in PagSeguro Digital by 0.4% in the 4th quarter. Polunin Capital Partners Ltd now owns 4,450,160 shares of the company’s stock valued at $44,858,000 after buying an additional 16,700 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in PagSeguro Digital by 0.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,926,789 shares of the company’s stock valued at $37,854,000 after buying an additional 12,863 shares during the period. 45.88% of the stock is owned by institutional investors and hedge funds.

PagSeguro Digital Stock Performance

PAGS opened at $10.19 on Friday. PagSeguro Digital has a 1 year low of $7.74 and a 1 year high of $12.32. The company’s 50 day simple moving average is $10.38 and its 200 day simple moving average is $10.10. The stock has a market capitalization of $3.36 billion, a PE ratio of 7.96, a P/E/G ratio of 0.44 and a beta of 1.42.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Wednesday, March 4th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. PagSeguro Digital had a net margin of 10.37% and a return on equity of 16.20%. The firm had revenue of $991.79 million during the quarter, compared to analyst estimates of $1.03 billion. As a group, sell-side analysts expect that PagSeguro Digital will post 1.66 earnings per share for the current fiscal year.

PagSeguro Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, April 22nd will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.2%. PagSeguro Digital’s dividend payout ratio (DPR) is currently 81.25%.

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.