PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) shares rose 5.7% during trading on Wednesday . The company traded as high as $9.00 and last traded at $9.05. Approximately 6,460,138 shares changed hands during trading, an increase of 26% from the average daily volume of 5,145,469 shares. The stock had previously closed at $8.56.
Analyst Ratings Changes
PAGS has been the topic of a number of research analyst reports. Citigroup upgraded PagSeguro Digital from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $7.00 to $10.00 in a research report on Tuesday, April 22nd. Susquehanna cut their target price on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating on the stock in a research report on Wednesday, May 14th. Finally, Barclays lowered their price target on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, PagSeguro Digital presently has an average rating of "Moderate Buy" and a consensus price target of $11.63.
View Our Latest Research Report on PAGS
PagSeguro Digital Stock Performance
The stock's 50-day moving average price is $9.01 and its 200-day moving average price is $7.89. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 6.90, a P/E/G ratio of 0.51 and a beta of 1.58.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.02. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The company had revenue of $857.50 million during the quarter, compared to the consensus estimate of $914.45 million. Analysts anticipate that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.
PagSeguro Digital Announces Dividend
The business also recently declared a -- dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, May 23rd. PagSeguro Digital's payout ratio is 11.48%.
Institutional Investors Weigh In On PagSeguro Digital
A number of hedge funds and other institutional investors have recently modified their holdings of PAGS. PNC Financial Services Group Inc. acquired a new position in shares of PagSeguro Digital during the 1st quarter worth approximately $26,000. Signaturefd LLC raised its position in shares of PagSeguro Digital by 1,306.5% during the 4th quarter. Signaturefd LLC now owns 4,557 shares of the company's stock worth $29,000 after purchasing an additional 4,233 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of PagSeguro Digital by 626.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company's stock worth $39,000 after purchasing an additional 4,435 shares during the last quarter. State of Wyoming raised its position in shares of PagSeguro Digital by 32.8% during the 4th quarter. State of Wyoming now owns 6,436 shares of the company's stock worth $40,000 after purchasing an additional 1,591 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of PagSeguro Digital by 166.9% during the 1st quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company's stock worth $51,000 after purchasing an additional 4,180 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.
About PagSeguro Digital
(
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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.
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