PagSeguro Digital (NYSE:PAGS) Trading Up 8.1% - Still a Buy?

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) traded up 8.1% during trading on Tuesday . The company traded as high as $9.77 and last traded at $9.78. 1,908,611 shares were traded during mid-day trading, a decline of 64% from the average session volume of 5,253,706 shares. The stock had previously closed at $9.04.

Wall Street Analyst Weigh In

A number of research analysts have commented on PAGS shares. Barclays cut their target price on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Citigroup upgraded PagSeguro Digital from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $7.00 to $10.00 in a research note on Tuesday, April 22nd. Finally, Susquehanna lowered their price objective on shares of PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.63.

PagSeguro Digital Stock Performance

The firm's 50 day moving average price is $9.20 and its 200-day moving average price is $8.01. The firm has a market capitalization of $3.10 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 0.68 and a beta of 1.58.

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

PagSeguro Digital Cuts Dividend

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

Hedge Funds Weigh In On PagSeguro Digital

Institutional investors and hedge funds have recently bought and sold shares of the business. Nuveen LLC purchased a new position in PagSeguro Digital during the first quarter worth about $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 valued at $39,259,000 after purchasing an additional 5,625,121 shares during the period. Sylebra Capital LLC lifted its stake in shares of PagSeguro Digital by 53.0% in the 4th quarter. Sylebra Capital LLC now owns 12,143,691 shares of the company's stock valued at $76,020,000 after purchasing an additional 4,208,192 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of 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 during the period. Finally, Azora Capital LP purchased a new position in PagSeguro Digital during the fourth quarter worth about $8,604,000. 45.88% of the stock is currently owned by institutional investors and hedge funds.

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.