PagSeguro Digital (NYSE:PAGS) Stock Price Down 4.4% - Should You Sell?

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) was down 4.4% during mid-day trading on Friday . The company traded as low as $8.15 and last traded at $8.12. Approximately 3,082,931 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 5,170,070 shares. The stock had previously closed at $8.49.

Analyst Upgrades and Downgrades

PAGS has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of PagSeguro Digital from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Susquehanna lowered their price target on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a research report on Wednesday, May 14th. Citigroup raised PagSeguro Digital from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $7.00 to $10.00 in a report on Tuesday, April 22nd. Finally, Barclays lowered their price objective on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $11.36.

PagSeguro Digital Trading Down 0.8%

The firm has a market capitalization of $2.62 billion, a PE ratio of 6.51, a P/E/G ratio of 0.57 and a beta of 1.59. The business has a 50 day moving average price of $9.02 and a 200-day moving average price of $8.30.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its earnings results 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 return on equity of 15.43% and a net margin of 11.15%. The company had revenue of $857.50 million during the quarter, compared to analyst estimates of $914.45 million. On average, equities research analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Cuts Dividend

The business also recently announced a -- dividend, which will be paid on Friday, August 15th. Investors of record on Wednesday, July 16th will be paid a $0.12 dividend. This represents a dividend yield of 1.5%. The ex-dividend date is Wednesday, July 16th. PagSeguro Digital's payout ratio is presently 11.48%.

Institutional Trading of PagSeguro Digital

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nuveen LLC acquired a new position in PagSeguro Digital during the 1st quarter worth approximately $59,603,000. Millennium Management LLC raised its position in PagSeguro Digital by 870.4% in the fourth quarter. Millennium Management LLC now owns 6,271,376 shares of the company's stock worth $39,259,000 after acquiring an additional 5,625,121 shares during the period. Sylebra Capital LLC increased its stake in shares of PagSeguro Digital by 53.0% in the fourth quarter. Sylebra Capital LLC now owns 12,143,691 shares of the company's stock worth $76,020,000 after purchasing an additional 4,208,192 shares in the last quarter. Marshall Wace LLP increased 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 acquiring an additional 3,364,926 shares during the period. Finally, Azora Capital LP bought a new stake in PagSeguro Digital during the 4th quarter worth approximately $8,604,000. Institutional investors and hedge funds 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.