Traders Purchase High Volume of PagSeguro Digital Call Options (NYSE:PAGS)

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) was the target of some unusual options trading on Tuesday. Stock traders acquired 23,364 call options on the company. This represents an increase of approximately 1,022% compared to the average volume of 2,083 call options.

PagSeguro Digital Price Performance

Shares of PAGS traded up $0.92 during trading hours on Tuesday, hitting $9.96. The stock had a trading volume of 8,835,380 shares, compared to its average volume of 5,286,945. The firm has a market capitalization of $3.28 billion, a PE ratio of 7.01, a PEG ratio of 0.64 and a beta of 1.58. PagSeguro Digital has a 12 month low of $6.11 and a 12 month high of $14.82. The stock has a fifty day moving average price of $9.13 and a 200 day moving average price of $7.97.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. PagSeguro Digital had a return on equity of 15.43% and a net margin of 11.15%. The business had revenue of $857.50 million during the quarter, compared to analysts' expectations of $914.45 million. As a group, analysts anticipate that PagSeguro Digital will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Friday, August 15th. Shareholders of record on Wednesday, July 16th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, July 16th. This represents a yield of 1.5%. PagSeguro Digital's payout ratio is presently 11.48%.

Analysts Set New Price Targets

PAGS has been the subject of several recent research reports. Susquehanna lowered their price objective on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a research report on Wednesday, May 14th. Barclays reduced their target price on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Citigroup raised shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $7.00 to $10.00 in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $11.63.

Institutional Trading of PagSeguro Digital

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAGS. Voya Investment Management LLC grew its holdings in PagSeguro Digital by 13.2% during the 1st quarter. Voya Investment Management LLC now owns 367,328 shares of the company's stock valued at $2,803,000 after buying an additional 42,862 shares in the last quarter. Intech Investment Management LLC raised its stake in PagSeguro Digital by 29.9% during the first quarter. Intech Investment Management LLC now owns 150,945 shares of the company's stock valued at $1,152,000 after purchasing an additional 34,787 shares in the last quarter. PDT Partners LLC lifted its position in PagSeguro Digital by 249.1% during the first quarter. PDT Partners LLC now owns 228,310 shares of the company's stock valued at $1,742,000 after purchasing an additional 162,907 shares during the last quarter. Maverick Capital Ltd. purchased a new position in shares of PagSeguro Digital in the 1st quarter worth $1,003,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of PagSeguro Digital in the 1st quarter worth about $2,198,000. Institutional investors own 45.88% of the company's stock.

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.