PagSeguro Digital (NYSE:PAGS) Shares Up 5.7% - Here's Why

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report)'s share price shot up 5.7% during trading on Wednesday . The company traded as high as $9.00 and last traded at $9.05. 6,460,138 shares changed hands during mid-day trading, an increase of 26% from the average session volume of 5,145,469 shares. The stock had previously closed at $8.56.

Wall Street Analysts Forecast Growth

PAGS has been the subject of several recent research reports. Susquehanna reduced 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 increased their price target for the company from $7.00 to $10.00 in a research report on Tuesday, April 22nd. Finally, Barclays reduced their price target 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $11.63.

PagSeguro Digital Stock Down 3.4%

The firm has a 50 day simple moving average of $8.98 and a 200-day simple moving average of $7.88. The stock has a market cap of $2.90 billion, a P/E ratio of 7.27, a price-to-earnings-growth ratio of 0.51 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 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 15.49% and a net margin of 11.12%. On average, equities analysts anticipate that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Dividend Announcement

The company also recently announced a -- dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.14 per share. The ex-dividend date was Friday, May 23rd. PagSeguro Digital's dividend payout ratio (DPR) is currently 11.48%.

Hedge Funds Weigh In On PagSeguro Digital

A number of large investors have recently made changes to their positions in PAGS. Sylebra Capital LLC grew its position in PagSeguro Digital by 53.0% during the fourth quarter. Sylebra Capital LLC now owns 12,143,691 shares of the company's stock worth $76,020,000 after buying an additional 4,208,192 shares in the last quarter. Nuveen LLC acquired a new stake in PagSeguro Digital during the first quarter worth approximately $59,603,000. Millennium Management LLC grew its position in PagSeguro Digital by 870.4% during the fourth quarter. Millennium Management LLC now owns 6,271,376 shares of the company's stock worth $39,259,000 after buying an additional 5,625,121 shares in the last quarter. Marshall Wace LLP grew its position in PagSeguro Digital by 307.4% during the fourth quarter. Marshall Wace LLP now owns 4,459,616 shares of the company's stock worth $27,917,000 after buying an additional 3,364,926 shares in the last quarter. Finally, Voloridge Investment Management LLC grew its position in PagSeguro Digital by 53.9% during the fourth quarter. Voloridge Investment Management LLC now owns 2,766,492 shares of the company's stock worth $17,318,000 after buying an additional 968,926 shares in the last quarter. Institutional investors own 45.88% of the company's stock.

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.