PagSeguro Digital Ltd. (NYSE:PAGS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $12.3333.

A number of research analysts have weighed in on PAGS shares. Zacks Research lowered shares of PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PagSeguro Digital in a research note on Saturday, September 27th. Wall Street Zen lowered shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday. Bank of America upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and increased their target price for the stock from $10.00 to $13.00 in a report on Friday, September 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of PagSeguro Digital from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, July 16th.

Hedge Funds Weigh In On PagSeguro Digital

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAGS. Mirae Asset Global Investments Co. Ltd. raised its holdings in PagSeguro Digital by 626.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company’s stock worth $39,000 after buying an additional 4,435 shares during the last quarter. Aurora Investment Counsel boosted its position in shares of PagSeguro Digital by 19.1% in the first quarter. Aurora Investment Counsel now owns 247,732 shares of the company’s stock valued at $1,890,000 after acquiring an additional 39,697 shares during the period. Harbor Capital Advisors Inc. lifted its position in PagSeguro Digital by 166.9% during the first quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company’s stock valued at $51,000 after purchasing an additional 4,180 shares during the last quarter. SG Americas Securities LLC bought a new stake in PagSeguro Digital during the first quarter valued at approximately $329,000. Finally, Teacher Retirement System of Texas raised its stake in shares of PagSeguro Digital by 14.9% during the first quarter. Teacher Retirement System of Texas now owns 24,169 shares of the company’s stock worth $184,000 after acquiring an additional 3,133 shares in the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Trading Down 2.3%

PAGS opened at $9.36 on Wednesday. PagSeguro Digital has a twelve month low of $6.11 and a twelve month high of $11.16. The stock has a market cap of $3.08 billion, a PE ratio of 7.54, a price-to-earnings-growth ratio of 0.47 and a beta of 1.57. The business’s 50 day moving average is $9.15 and its 200-day moving average is $8.96.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. PagSeguro Digital had a net margin of 11.04% and a return on equity of 15.52%. The firm had revenue of $930.17 million during the quarter, compared to analyst estimates of $901.10 million. As a group, analysts forecast that PagSeguro Digital will post 1.17 EPS for the current year.

PagSeguro Digital Cuts Dividend

The company also recently announced a — dividend, which will be paid on Monday, November 3rd. Stockholders of record on Monday, October 6th will be given a $0.12 dividend. The ex-dividend date is Monday, October 6th. PagSeguro Digital’s payout ratio is presently 11.29%.

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.