JPMorgan Chase & Co. Boosts PagSeguro Digital (NYSE:PAGS) Price Target to $13.00

PagSeguro Digital (NYSE:PAGS - Free Report) had its price target upped by JPMorgan Chase & Co. from $12.00 to $13.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

PAGS has been the topic of a number of other research reports. 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 research note on Tuesday, April 22nd. Susquehanna dropped their target price 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. Finally, Barclays dropped their price objective on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $11.36.

PagSeguro Digital Stock Performance

PagSeguro Digital stock traded up $0.07 on Wednesday, reaching $8.50. The company's stock had a trading volume of 4,839,999 shares, compared to its average volume of 5,381,127. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 0.61 and a beta of 1.59. The business's fifty day moving average price is $9.06 and its 200 day moving average price is $8.27. PagSeguro Digital has a twelve month low of $6.11 and a twelve month high of $14.82.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. The company had revenue of $857.50 million for the quarter, compared to analyst estimates of $914.45 million. PagSeguro Digital had a return on equity of 15.43% and a net margin of 11.15%. As a group, equities analysts forecast that PagSeguro Digital will post 1.17 earnings per share for the current year.

PagSeguro Digital Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PAGS. GAMMA Investing LLC boosted its position in PagSeguro Digital by 61.2% during the second quarter. GAMMA Investing LLC now owns 3,510 shares of the company's stock valued at $34,000 after purchasing an additional 1,333 shares during the last quarter. State of Wyoming lifted its position in shares of PagSeguro Digital by 32.8% in the fourth quarter. State of Wyoming now owns 6,436 shares of the company's stock valued at $40,000 after buying an additional 1,591 shares during the last quarter. Signaturefd LLC lifted its position in shares of PagSeguro Digital by 50.6% in the first quarter. Signaturefd LLC now owns 6,863 shares of the company's stock valued at $52,000 after buying an additional 2,306 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of PagSeguro Digital by 14.9% in the first quarter. Teacher Retirement System of Texas now owns 24,169 shares of the company's stock valued at $184,000 after buying an additional 3,133 shares during the last quarter. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of PagSeguro Digital in the first quarter valued at approximately $26,000. 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.