PagSeguro Digital (NYSE:PAGS) Price Target Lowered to $12.00 at JPMorgan Chase & Co.

PagSeguro Digital (NYSE:PAGS) had its price target decreased by JPMorgan Chase & Co. from $13.00 to $12.00 in a report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other brokerages have also weighed in on PAGS. Wall Street Zen lowered shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a report on Thursday, January 22nd. Finally, UBS Group raised their price objective on shares of PagSeguro Digital from $13.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.71.

PagSeguro Digital Stock Up 1.1%

Shares of PAGS stock opened at $10.79 on Monday. PagSeguro Digital has a 52 week low of $7.74 and a 52 week high of $12.32. The firm has a 50 day moving average of $10.38 and a two-hundred day moving average of $10.04. The stock has a market capitalization of $3.56 billion, a PE ratio of 8.43, a P/E/G ratio of 0.43 and a beta of 1.42.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Wednesday, March 4th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. PagSeguro Digital had a net margin of 10.37% and a return on equity of 16.20%. The business had revenue of $991.79 million for the quarter, compared to analyst estimates of $1.03 billion. Analysts expect that PagSeguro Digital will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, April 22nd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 9.6%. The ex-dividend date is Wednesday, April 22nd. PagSeguro Digital’s dividend payout ratio (DPR) is currently 81.25%.

Insider Buying and Selling

In related news, Director Luis Frias purchased 498,500 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The shares were purchased at an average cost of $9.96 per share, for a total transaction of $4,965,060.00. Following the purchase, the director directly owned 2,673,605 shares of the company’s stock, valued at $26,629,105.80. The trade was a 22.92% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Investors Weigh In On PagSeguro Digital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its stake in PagSeguro Digital by 77.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock worth $40,000 after acquiring an additional 1,821 shares in the last quarter. GAMMA Investing LLC raised its stake in PagSeguro Digital by 37.0% during the 4th quarter. GAMMA Investing LLC now owns 4,626 shares of the company’s stock worth $45,000 after acquiring an additional 1,249 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in PagSeguro Digital during the 3rd quarter worth $46,000. Atlas Capital Advisors Inc. acquired a new stake in PagSeguro Digital during the 4th quarter worth $45,000. Finally, Versant Capital Management Inc increased its stake in PagSeguro Digital by 114.1% in the third quarter. Versant Capital Management Inc now owns 5,156 shares of the company’s stock valued at $52,000 after purchasing an additional 2,748 shares during the period. 45.88% of the stock is currently owned by institutional investors and hedge funds.

About PagSeguro Digital

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.