Aurora Investment Counsel grew its stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 19.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 247,732 shares of the company's stock after buying an additional 39,697 shares during the period. Aurora Investment Counsel owned 0.08% of PagSeguro Digital worth $1,890,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in PAGS. Raymond James Financial Inc. acquired a new stake in PagSeguro Digital in the fourth quarter valued at approximately $79,000. HighTower Advisors LLC bought a new position in shares of PagSeguro Digital in the fourth quarter valued at approximately $348,000. Catalyst Funds Management Pty Ltd bought a new position in shares of PagSeguro Digital in the fourth quarter valued at approximately $440,000. Cibc World Markets Corp bought a new position in shares of PagSeguro Digital in the fourth quarter valued at approximately $110,000. Finally, Signaturefd LLC lifted its holdings in shares of PagSeguro Digital by 1,306.5% in the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company's stock valued at $29,000 after purchasing an additional 4,233 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company's stock.
PagSeguro Digital Stock Performance
PagSeguro Digital stock traded up $0.07 during midday trading on Thursday, hitting $8.50. 4,839,999 shares of the company's stock were exchanged, compared to its average volume of 5,381,127. PagSeguro Digital Ltd. has a 52-week low of $6.11 and a 52-week high of $14.82. The stock has a 50-day moving average price of $9.06 and a two-hundred day moving average price of $8.27. The company has a market cap of $2.80 billion, a P/E ratio of 6.96, a PEG ratio of 0.61 and a beta of 1.59.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. PagSeguro Digital had a return on equity of 15.43% and a net margin of 11.15%. The firm had revenue of $857.50 million during the quarter, compared to analyst estimates of $914.45 million. As a group, sell-side analysts expect that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.
PagSeguro Digital Cuts Dividend
The company also recently declared a -- dividend, which will be paid on Friday, August 15th. Shareholders of record on Wednesday, July 16th will be paid a dividend of $0.12 per share. This represents a yield of 1.5%. The ex-dividend date is Wednesday, July 16th. PagSeguro Digital's dividend payout ratio (DPR) is currently 11.48%.
Analyst Ratings Changes
A number of brokerages recently commented on PAGS. Barclays dropped their price target on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Susquehanna lowered their target price on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating on the stock in a research note on Wednesday, May 14th. JPMorgan Chase & Co. boosted their target price on PagSeguro Digital from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Citigroup upgraded PagSeguro Digital from a "neutral" rating to a "buy" rating and lifted their price target for the company from $7.00 to $10.00 in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, PagSeguro Digital presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.36.
Check Out Our Latest Research Report on PagSeguro Digital
About PagSeguro Digital
(
Free Report)
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.
Further Reading
Before you consider PagSeguro Digital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PagSeguro Digital wasn't on the list.
While PagSeguro Digital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
