Analysts Set PagSeguro Digital Ltd. (NYSE:PAGS) Target Price at $11.63

Shares of PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) have received a consensus rating of "Moderate Buy" from the eleven brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $11.63.

A number of research analysts recently weighed in on PAGS shares. Citigroup upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and increased their price objective for the company from $7.00 to $10.00 in a research report on Tuesday, April 22nd. Barclays lowered their price objective 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, Susquehanna lowered their price objective on shares of PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating on the stock in a research report on Wednesday, May 14th.

PagSeguro Digital Stock Performance

Shares of NYSE:PAGS traded down $0.27 during trading on Monday, reaching $9.37. 4,643,510 shares of the stock traded hands, compared to its average volume of 5,306,454. The stock has a 50-day moving average of $9.20 and a two-hundred day moving average of $8.01. PagSeguro Digital has a 52-week low of $6.11 and a 52-week high of $14.82. The stock has a market cap of $3.09 billion, a P/E ratio of 7.68, a price-to-earnings-growth ratio of 0.68 and a beta of 1.58.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.02. The company had revenue of $857.50 million for the quarter, compared to the consensus estimate 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 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 given 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%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. raised its position in PagSeguro Digital by 166.9% in the first quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company's stock worth $51,000 after acquiring an additional 4,180 shares during the period. Principal Financial Group Inc. raised its position in shares of PagSeguro Digital by 11.7% during the 4th quarter. Principal Financial Group Inc. now owns 451,110 shares of the company's stock valued at $2,824,000 after purchasing an additional 47,172 shares during the period. Ameriprise Financial Inc. raised its position in shares of PagSeguro Digital by 3,375.8% during the 4th quarter. Ameriprise Financial Inc. now owns 698,645 shares of the company's stock valued at $4,374,000 after purchasing an additional 678,545 shares during the period. Sanctuary Advisors LLC raised its position in shares of PagSeguro Digital by 28.5% during the 4th quarter. Sanctuary Advisors LLC now owns 25,422 shares of the company's stock valued at $159,000 after purchasing an additional 5,636 shares during the period. Finally, Virtu Financial LLC raised its position in shares of PagSeguro Digital by 37.4% during the 4th quarter. Virtu Financial LLC now owns 15,672 shares of the company's stock valued at $98,000 after purchasing an additional 4,268 shares during the period. 45.88% of the stock is currently owned by institutional investors.

About PagSeguro Digital

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.