PagSeguro Digital Ltd. (NYSE:PAGS) Given Average Recommendation of “Hold” by Brokerages

PagSeguro Digital Ltd. (NYSE:PAGS) has received a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $12.00.

PAGS has been the subject of a number of research reports. Wall Street Zen downgraded PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group increased their price target 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. JPMorgan Chase & Co. lowered their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PagSeguro Digital in a report on Friday, May 8th. Finally, Autonomous Res downgraded shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th.

PagSeguro Digital Stock Up 3.7%

PAGS stock opened at $9.19 on Thursday. The business has a 50 day moving average of $10.12 and a 200 day moving average of $10.18. The firm has a market cap of $2.57 billion, a PE ratio of 6.76, a price-to-earnings-growth ratio of 0.36 and a beta of 1.37. PagSeguro Digital has a twelve month low of $7.74 and a twelve month high of $12.32.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). PagSeguro Digital had a net margin of 10.40% and a return on equity of 16.44%. The company had revenue of $642.01 million for the quarter, compared to analysts’ expectations of $952.64 million. On average, research analysts expect that PagSeguro Digital will post 1.68 earnings per share for the current fiscal year.

PagSeguro Digital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, April 22nd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $1.04 annualized dividend and a yield of 11.3%. PagSeguro Digital’s dividend payout ratio (DPR) is presently 76.47%.

Insider Activity

In other news, Director Alexandre Mr Magnani sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $11.26, for a total transaction of $2,252,000.00. Following the transaction, the director directly owned 607,390 shares of the company’s stock, valued at approximately $6,839,211.40. This trade represents a 24.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Luis Frias bought 498,500 shares of PagSeguro Digital stock in a transaction dated Friday, March 27th. The shares were bought at an average cost of $9.96 per share, for a total transaction of $4,965,060.00. Following the completion of the transaction, the director owned 2,673,605 shares of the company’s stock, valued at approximately $26,629,105.80. This trade represents a 22.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

Hedge Funds Weigh In On PagSeguro Digital

A number of institutional investors have recently modified their holdings of the stock. Unison Advisors LLC increased its position in shares of PagSeguro Digital by 1.3% during the fourth quarter. Unison Advisors LLC now owns 75,921 shares of the company’s stock worth $732,000 after acquiring an additional 995 shares during the period. CWM LLC increased its position in shares of PagSeguro Digital by 29.0% during the third quarter. CWM LLC now owns 5,255 shares of the company’s stock worth $53,000 after acquiring an additional 1,182 shares during the period. GAMMA Investing LLC increased its position in shares of PagSeguro Digital by 37.0% during the fourth quarter. GAMMA Investing LLC now owns 4,626 shares of the company’s stock worth $45,000 after acquiring an additional 1,249 shares during the period. DGS Capital Management LLC increased its position in shares of PagSeguro Digital by 8.7% during the fourth quarter. DGS Capital Management LLC now owns 15,814 shares of the company’s stock worth $152,000 after acquiring an additional 1,271 shares during the period. Finally, Mariner LLC increased its holdings in PagSeguro Digital by 6.0% during the fourth quarter. Mariner LLC now owns 26,406 shares of the company’s stock valued at $255,000 after buying an additional 1,488 shares during the period. 45.88% of the stock is owned by hedge funds and other institutional investors.

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.