PagSeguro Digital Ltd. (NYSE:PAGS) Stock Has Consensus Price Target of $10.73

PagSeguro Digital Ltd. (NYSE:PAGS) has been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $11.08.

A number of brokerages recently weighed in on PAGS. Jefferies Financial Group initiated coverage on PagSeguro Digital in a report on Thursday, July 23rd. They set a “hold” rating and a $10.40 price objective on the stock. UBS Group reduced their target price on PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Bank of America lowered shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research report on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of PagSeguro Digital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday.

PagSeguro Digital Trading Up 2.4%

NYSE PAGS opened at $11.09 on Friday. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 0.43 and a beta of 1.27. The business’s 50 day moving average is $9.49 and its two-hundred day moving average is $9.53. PagSeguro Digital has a 12-month low of $8.42 and a 12-month high of $12.32.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. The business had revenue of $942.97 million during the quarter, compared to analysts’ expectations of $1 billion. Equities analysts forecast that PagSeguro Digital will post 1.65 earnings per share for the current fiscal year.

PagSeguro Digital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were issued a $0.28 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 10.1%. This is a boost from PagSeguro Digital’s previous quarterly dividend of $0.26. PagSeguro Digital’s payout ratio is 78.32%.

Insider Activity

In other PagSeguro Digital news, Director Alexandre Magnani sold 35,677 shares of the company’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $11.20, for a total transaction of $399,582.40. Following the transaction, the director directly owned 171,713 shares in the company, valued at approximately $1,923,185.60. This represents a 17.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Silva Dutra sold 25,000 shares of the company’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $9.24, for a total transaction of $231,000.00. Following the transaction, the insider owned 25,000 shares in the company, valued at $231,000. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 460,677 shares of company stock valued at $4,975,582 in the last quarter.

Institutional Investors Weigh In On PagSeguro Digital

Hedge funds and other institutional investors have recently modified their holdings of the stock. DGS Capital Management LLC grew its holdings in shares of PagSeguro Digital by 8.7% in the 4th 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. Caitong International Asset Management Co. Ltd increased its stake in PagSeguro Digital by 77.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock valued at $40,000 after purchasing an additional 1,821 shares in the last quarter. First Trust Advisors LP increased its stake in PagSeguro Digital by 10.9% in the 1st quarter. First Trust Advisors LP now owns 18,678 shares of the company’s stock valued at $187,000 after purchasing an additional 1,835 shares in the last quarter. Royal Bank of Canada raised its holdings in PagSeguro Digital by 3.7% during the first quarter. Royal Bank of Canada now owns 56,092 shares of the company’s stock worth $562,000 after purchasing an additional 1,998 shares during the last quarter. Finally, Amundi raised its holdings in PagSeguro Digital by 6.0% during the first quarter. Amundi now owns 54,586 shares of the company’s stock worth $547,000 after purchasing an additional 3,067 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. is a Brazilian financial technology company that operates the PagBank ecosystem. The company provides payment acceptance and digital banking services primarily to micro, small and medium-sized businesses, self-employed professionals and individual consumers in Brazil.

Its products and services include point-of-sale payment terminals, online payment processing, digital accounts, payment cards, money transfers, bill payment and other financial services. PagSeguro also offers tools designed to help merchants manage transactions and business finances through digital platforms and mobile applications.

PagSeguro was developed as part of Brazil’s UOL group and became a publicly traded company on the New York Stock Exchange in 2018.