PagSeguro Digital (NYSE:PAGS) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

PagSeguro Digital (NYSE:PAGS) announced its earnings results on Wednesday. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01, Zacks reports. PagSeguro Digital had a net margin of 11.04% and a return on equity of 15.52%.

PagSeguro Digital Trading Down 5.0%

NYSE PAGS traded down $0.50 during midday trading on Wednesday, hitting $9.43. The company had a trading volume of 5,584,935 shares, compared to its average volume of 4,948,075. The firm has a 50-day moving average price of $9.56 and a 200-day moving average price of $9.14. The company has a market capitalization of $3.11 billion, a PE ratio of 7.61, a P/E/G ratio of 0.48 and a beta of 1.59. PagSeguro Digital has a twelve month low of $6.11 and a twelve month high of $11.16.

PagSeguro Digital Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Monday, November 3rd. Shareholders of record on Monday, October 6th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, October 6th. PagSeguro Digital’s dividend payout ratio (DPR) is 11.29%.

Institutional Investors Weigh In On PagSeguro Digital

A number of large investors have recently bought and sold shares of the company. Osaic Holdings Inc. increased its holdings in PagSeguro Digital by 93.4% in the 2nd quarter. Osaic Holdings Inc. now owns 7,891 shares of the company’s stock valued at $76,000 after buying an additional 3,810 shares during the period. Headlands Technologies LLC acquired a new stake in shares of PagSeguro Digital during the 2nd quarter worth approximately $112,000. First Trust Advisors LP increased its stake in PagSeguro Digital by 9.7% in the second quarter. First Trust Advisors LP now owns 23,684 shares of the company’s stock valued at $228,000 after acquiring an additional 2,098 shares during the last quarter. Amundi increased its stake in PagSeguro Digital by 48.7% in the second quarter. Amundi now owns 25,946 shares of the company’s stock valued at $244,000 after acquiring an additional 8,500 shares during the last quarter. Finally, Quantinno Capital Management LP raised its position in PagSeguro Digital by 31.8% during the second quarter. Quantinno Capital Management LP now owns 32,017 shares of the company’s stock valued at $309,000 after purchasing an additional 7,730 shares in the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PAGS shares. JPMorgan Chase & Co. boosted their target price on shares of PagSeguro Digital from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th. The Goldman Sachs Group reissued a “neutral” rating and set a $9.00 price target (down previously from $12.00) on shares of PagSeguro Digital in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of PagSeguro Digital in a research note on Wednesday, October 8th. Zacks Research downgraded PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Finally, Bank of America upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and raised their target price for the stock from $10.00 to $13.00 in a research note on Friday, September 19th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, PagSeguro Digital has an average rating of “Hold” and an average price target of $11.83.

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.