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

Shares of PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $11.63.

PAGS has been the subject of several recent research reports. Susquehanna decreased 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. Citigroup upgraded PagSeguro Digital from a "neutral" rating to a "buy" rating and upped their price target for the stock from $7.00 to $10.00 in a report on Tuesday, April 22nd. Finally, Barclays cut their price objective on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd.

PagSeguro Digital Stock Up 2.4%

PAGS traded up $0.22 during trading on Thursday, hitting $9.13. The company's stock had a trading volume of 5,878,860 shares, compared to its average volume of 5,015,492. PagSeguro Digital has a twelve month low of $6.11 and a twelve month high of $14.82. The stock's fifty day moving average price is $8.86 and its 200-day moving average price is $7.83. The firm has a market capitalization of $3.01 billion, a P/E ratio of 7.54, a PEG ratio of 0.51 and a beta of 1.70.

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, beating the consensus estimate of $0.29 by $0.02. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The firm had revenue of $857.50 million for the quarter, compared to analyst estimates of $914.45 million. Equities research analysts expect that PagSeguro Digital will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Dividend Announcement

The company also recently declared a -- dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.14 per share. The ex-dividend date is Friday, May 23rd. PagSeguro Digital's dividend payout ratio is presently 11.48%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Sylebra Capital LLC lifted its position in shares of PagSeguro Digital by 53.0% during the 4th quarter. Sylebra Capital LLC now owns 12,143,691 shares of the company's stock valued at $76,020,000 after buying an additional 4,208,192 shares during the last quarter. Nuveen LLC purchased a new stake in PagSeguro Digital during the 1st quarter worth about $59,603,000. Robeco Institutional Asset Management B.V. lifted its holdings in PagSeguro Digital by 16.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company's stock worth $39,770,000 after purchasing an additional 874,777 shares in the last quarter. Millennium Management LLC lifted its holdings in PagSeguro Digital by 870.4% during the 4th quarter. Millennium Management LLC now owns 6,271,376 shares of the company's stock worth $39,259,000 after purchasing an additional 5,625,121 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in PagSeguro Digital by 307.4% during the 4th quarter. Marshall Wace LLP now owns 4,459,616 shares of the company's stock worth $27,917,000 after purchasing an additional 3,364,926 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company's stock.

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.