PagSeguro Digital Ltd. (NYSE:PAGS) Receives Average Recommendation of “Moderate Buy” from Analysts

PagSeguro Digital Ltd. (NYSE:PAGS) has been given an average recommendation of “Moderate Buy” by the ten analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $11.36.

A number of brokerages have recently commented on PAGS. Barclays lowered their price objective 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. Citigroup upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and upped their price target for the stock from $7.00 to $10.00 in a research note on Tuesday, April 22nd. Susquehanna cut their price objective 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. Finally, JPMorgan Chase & Co. raised their price target on PagSeguro Digital from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday.

Institutional Investors Weigh In On PagSeguro Digital

Hedge funds have recently modified their holdings of the stock. Sylebra Capital LLC increased its holdings in shares of PagSeguro Digital by 53.0% during 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 last quarter. Nuveen LLC bought a new stake in shares of PagSeguro Digital in the 1st quarter worth approximately $59,603,000. Millennium Management LLC lifted its position in shares of PagSeguro Digital by 870.4% in the 4th quarter. Millennium Management LLC now owns 6,271,376 shares of the company’s stock worth $39,259,000 after acquiring an additional 5,625,121 shares during the period. Marshall Wace LLP lifted its position in shares of PagSeguro Digital by 307.4% in the 4th quarter. Marshall Wace LLP now owns 4,459,616 shares of the company’s stock worth $27,917,000 after acquiring an additional 3,364,926 shares during the period. Finally, Voloridge Investment Management LLC raised its holdings in shares of PagSeguro Digital by 53.9% in the 4th 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. 45.88% of the stock is owned by hedge funds and other institutional investors.

PagSeguro Digital Trading Up 0.8%

Shares of NYSE:PAGS opened at $8.50 on Friday. PagSeguro Digital has a twelve month low of $6.11 and a twelve month high of $14.82. The company’s 50 day moving average is $9.06 and its 200 day moving average is $8.27. The company has a market cap of $2.80 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Wednesday, May 14th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. PagSeguro Digital had a net margin of 11.15% and a return on equity of 15.43%. The company had revenue of $857.50 million for the quarter, compared to analysts’ expectations of $914.45 million. Equities research analysts predict that PagSeguro Digital will post 1.17 earnings per share for the current fiscal year.

PagSeguro Digital Cuts Dividend

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

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.