PagSeguro Digital (NYSE:PAGS) Reaches New 1-Year High - Here's What Happened

Key Points

• PagSeguro Digital has reached a new 52-week high, trading at $10.42, which marks a notable rise from its previous close of $9.70.
• Analysts have upgraded the stock, with Wall Street Zen raising it from "buy" to "strong-buy," while JPMorgan Chase increased its price target from $12.00 to $13.00.
• The company reported $930.17 million in revenue for its last quarter, surpassing analyst estimates, and also declared a $0.12 dividend with a yield of 150.0%.

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $10.42 and last traded at $10.36, with a volume of 1882577 shares trading hands. The stock had previously closed at $9.70.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wall Street Zen raised PagSeguro Digital from a "buy" rating to a "strong-buy" rating in a report on Saturday. JPMorgan Chase & Co. increased their price target on PagSeguro Digital from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $12.17.

PagSeguro Digital Trading Up 8.0%

The stock has a market capitalization of $3.45 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 0.63 and a beta of 1.56. The firm has a 50 day moving average price of $8.67 and a 200 day moving average price of $8.71.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The firm had revenue of $930.17 million during the quarter, compared to analyst estimates of $901.10 million. PagSeguro Digital had a return on equity of 15.52% and a net margin of 11.04%. On average, equities research analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

PagSeguro Digital Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Monday, November 3rd. Shareholders of record on Monday, October 6th will be paid a $0.12 dividend. This represents a yield of 150.0%. The ex-dividend date is Monday, October 6th. PagSeguro Digital's dividend payout ratio is presently 11.29%.

Institutional Investors Weigh In On PagSeguro Digital

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in PagSeguro Digital by 61.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,510 shares of the company's stock worth $34,000 after buying an additional 1,333 shares in the last quarter. Rhumbline Advisers increased its stake in PagSeguro Digital by 0.5% in the 2nd quarter. Rhumbline Advisers now owns 275,244 shares of the company's stock worth $2,653,000 after buying an additional 1,367 shares in the last quarter. Waterfront Wealth Inc. increased its stake in PagSeguro Digital by 0.5% in the 2nd quarter. Waterfront Wealth Inc. now owns 275,967 shares of the company's stock worth $2,660,000 after buying an additional 1,448 shares in the last quarter. State of Wyoming increased its stake in PagSeguro Digital by 32.8% in the 4th quarter. State of Wyoming now owns 6,436 shares of the company's stock worth $40,000 after buying an additional 1,591 shares in the last quarter. Finally, CWM LLC increased its stake in PagSeguro Digital by 78.1% in the 2nd quarter. CWM LLC now owns 4,073 shares of the company's stock worth $39,000 after buying an additional 1,786 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.

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