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

PagSeguro Digital (NYSE:PAGS - Free Report) had its price objective raised by JPMorgan Chase & Co. from $12.00 to $13.00 in a report released on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other equities research analysts have also recently weighed in on PAGS. Citigroup upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $7.00 to $10.00 in a research report on Tuesday, April 22nd. Barclays dropped 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 note on Wednesday, April 23rd. Finally, Susquehanna dropped their price target 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.36.

PagSeguro Digital Trading Down 6.6%

Shares of PAGS traded down $0.56 during midday trading on Wednesday, reaching $7.93. The stock had a trading volume of 9,599,422 shares, compared to its average volume of 5,409,898. The firm has a 50 day simple moving average of $9.02 and a 200-day simple moving average of $8.28. PagSeguro Digital has a one year low of $6.11 and a one year high of $14.82. The firm has a market cap of $2.61 billion, a PE ratio of 6.50, a P/E/G ratio of 0.62 and a beta of 1.59.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued 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. The company had revenue of $857.50 million during the quarter, compared to analysts' expectations of $914.45 million. PagSeguro Digital had a net margin of 11.15% and a return on equity of 15.43%. As a group, research analysts forecast that PagSeguro Digital will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PAGS. Raymond James Financial Inc. bought a new position in shares of PagSeguro Digital in the 4th quarter worth about $79,000. HighTower Advisors LLC purchased a new stake in PagSeguro Digital during the 4th quarter valued at about $348,000. Cibc World Markets Corp purchased a new stake in PagSeguro Digital during the 4th quarter valued at about $110,000. Signaturefd LLC grew its position in PagSeguro Digital by 1,306.5% during the 4th quarter. Signaturefd LLC now owns 4,557 shares of the company's stock valued at $29,000 after purchasing an additional 4,233 shares during the last quarter. Finally, Xponance Inc. grew its position in PagSeguro Digital by 37.8% during the 4th quarter. Xponance Inc. now owns 17,105 shares of the company's stock valued at $107,000 after purchasing an additional 4,695 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors.

PagSeguro Digital Company Profile

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.