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

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

PagSeguro Digital Stock Down 0.0%

PAGS traded down $0.00 during trading on Wednesday, hitting $9.26. 6,419,420 shares of the company traded hands, compared to its average volume of 5,242,355. The firm has a market cap of $3.05 billion, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 0.66 and a beta of 1.58. The stock's fifty day moving average is $9.07 and its 200 day moving average is $7.91. PagSeguro Digital has a one year low of $6.11 and a one year high of $14.82.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. PagSeguro Digital had a net margin of 11.15% and a return on equity of 15.43%. The business had revenue of $857.50 million for the quarter, compared to the consensus estimate of $914.45 million. On average, equities research analysts forecast that PagSeguro Digital will post 1.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on PAGS shares. Citigroup upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and upped their target price for the stock from $7.00 to $10.00 in a research report on Tuesday, April 22nd. Susquehanna dropped their price objective on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a report on Wednesday, May 14th. Finally, Barclays reduced their price target 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, PagSeguro Digital currently has an average rating of "Moderate Buy" and an average price target of $11.63.

Institutional Trading of PagSeguro Digital

A hedge fund recently raised its stake in PagSeguro Digital stock. Intech Investment Management LLC lifted its position in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 29.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 150,945 shares of the company's stock after buying an additional 34,787 shares during the period. Intech Investment Management LLC's holdings in PagSeguro Digital were worth $1,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.

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