PagSeguro Digital Ltd. Announces -- Dividend of $0.12 (NYSE:PAGS)

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) declared a -- dividend on Wednesday, June 18th, Wall Street Journal reports. Shareholders of record on Wednesday, July 16th will be given a dividend of 0.12 per share on Friday, August 15th. This represents a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, July 16th.

PagSeguro Digital Stock Performance

NYSE PAGS traded down $0.27 on Friday, hitting $8.99. 6,402,291 shares of the stock were exchanged, compared to its average volume of 5,263,429. The stock has a fifty day moving average price of $9.12 and a two-hundred day moving average price of $7.95. The firm has a market capitalization of $2.96 billion, a P/E ratio of 7.36, a P/E/G ratio of 0.63 and a beta of 1.58. PagSeguro Digital has a 52-week low of $6.11 and a 52-week high of $14.82.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. The company had revenue of $857.50 million during the quarter, compared to analyst estimates of $914.45 million. PagSeguro Digital had a net margin of 11.15% and a return on equity of 15.43%. Sell-side analysts expect that PagSeguro Digital will post 1.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of PagSeguro Digital

An institutional investor recently raised its position in PagSeguro Digital stock. Intech Investment Management LLC increased its holdings in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 29.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 150,945 shares of the company's stock after acquiring an additional 34,787 shares during the quarter. Intech Investment Management LLC's holdings in PagSeguro Digital were worth $1,152,000 as of its most recent SEC filing. 45.88% of the stock is owned by institutional investors.

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.