PagSeguro Digital (NYSE:PAGS) Stock Price Down 3.8% - Time to Sell?

Shares of PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) fell 3.8% during mid-day trading on Thursday . The company traded as low as $8.55 and last traded at $8.76. 722,836 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 5,146,831 shares. The stock had previously closed at $9.11.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PAGS shares. Susquehanna cut their price objective on shares of PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a report on Wednesday, May 14th. Barclays decreased 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. Finally, Citigroup upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $7.00 to $10.00 in a research report on Tuesday, April 22nd. One equities 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $11.63.

PagSeguro Digital Stock Performance

The firm's 50 day simple moving average is $9.00 and its 200 day simple moving average is $7.89. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 0.51 and a beta of 1.58.

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 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 business had revenue of $857.50 million during the quarter, compared to analysts' expectations of $914.45 million. As a group, sell-side analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Announces Dividend

The business also recently announced a -- dividend, which was paid on Friday, June 6th. Shareholders 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 presently 11.48%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PAGS. Sylebra Capital LLC increased its holdings 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 acquiring an additional 4,208,192 shares during the period. Nuveen LLC purchased a new position in PagSeguro Digital in the 1st quarter worth approximately $59,603,000. Millennium Management LLC grew its position in shares of 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 shares of 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 boosted its holdings in PagSeguro Digital by 53.9% in the fourth quarter. Voloridge Investment Management LLC now owns 2,766,492 shares of the company's stock worth $17,318,000 after purchasing an additional 968,926 shares during the period. Hedge funds and other institutional investors own 45.88% of the company's stock.

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.