PagSeguro Digital (NYSE:PAGS) Stock Moved Down to “Neutral” by UBS Group

UBS Group downgraded shares of PagSeguro Digital (NYSE:PAGS) from a buy rating to a neutral rating in a research note published on Thursday, MarketBeat Ratings reports. They currently have $8.00 target price on the stock, down from their previous target price of $13.00.

PAGS has been the subject of several other reports. Jefferies Financial Group initiated coverage on PagSeguro Digital in a research note on Thursday, July 23rd. They issued a “hold” rating and a $10.40 price objective for the company. Citigroup cut PagSeguro Digital from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $13.00 to $8.00 in a report on Tuesday, October 27th. Bank of America downgraded 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 lowered PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.07.

PagSeguro Digital Trading Down 3.6%

Shares of PAGS opened at $7.64 on Thursday. PagSeguro Digital has a twelve month low of $7.48 and a twelve month high of $12.32. The firm has a market capitalization of $2.14 billion, a P/E ratio of 5.34, a PEG ratio of 0.32 and a beta of 1.46. The firm’s 50-day moving average is $9.64 and its two-hundred day moving average is $9.76.

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

PagSeguro Digital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, September 16th. This is an increase from PagSeguro Digital’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 14.7%. PagSeguro Digital’s dividend payout ratio (DPR) is presently 78.32%.

Insider Activity

In other PagSeguro Digital news, Director Alexandre Magnani sold 27,294 shares of the company’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $11.43, for a total value of $311,970.42. Following the sale, the director owned 57,390 shares of the company’s stock, valued at $655,967.70. This represents a 32.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 550,000 shares of company stock valued at $6,034,146 over the last quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PAGS. Lazard Asset Management LLC lifted its position in shares of PagSeguro Digital by 101.7% in the first quarter. Lazard Asset Management LLC now owns 1,986,771 shares of the company’s stock valued at $19,907,000 after acquiring an additional 1,001,581 shares in the last quarter. Absolute Gestao de Investimentos Ltda. increased its position in PagSeguro Digital by 224.2% during the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 1,175,125 shares of the company’s stock worth $11,775,000 after purchasing an additional 812,641 shares in the last quarter. Sei Investments Co. increased its position in PagSeguro Digital by 168.5% during the 1st quarter. Sei Investments Co. now owns 611,057 shares of the company’s stock worth $6,123,000 after purchasing an additional 383,452 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in PagSeguro Digital during the 2nd quarter worth about $4,407,000. Finally, Bank of America Corp DE increased its position in PagSeguro Digital by 15.4% during the 1st quarter. Bank of America Corp DE now owns 479,554 shares of the company’s stock worth $4,805,000 after purchasing an additional 63,981 shares in the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd., operating under the PagBank brand, is a Brazilian financial technology company that provides payment and banking services to small and medium-sized businesses, independent professionals, and consumers. The company is part of the Universo Online (UOL) group and serves customers primarily in Brazil.

PagSeguro offers point-of-sale payment terminals and mobile payment solutions that allow merchants to accept credit, debit, contactless, and other electronic payments.