PagSeguro Digital (NYSE:PAGS) Issues Quarterly Earnings Results

PagSeguro Digital (NYSE:PAGS) posted its quarterly earnings results on Tuesday. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01, FiscalAI reports. PagSeguro Digital had a net margin of 10.40% and a return on equity of 16.44%. The business had revenue of $942.97 million during the quarter, compared to analyst estimates of $1 billion.

PagSeguro Digital Price Performance

NYSE PAGS traded down $0.26 during trading hours on Wednesday, reaching $8.63. 859,937 shares of the company’s stock traded hands, compared to its average volume of 3,633,382. The firm has a 50-day simple moving average of $9.10 and a 200 day simple moving average of $9.87. PagSeguro Digital has a 52-week low of $8.26 and a 52-week high of $12.32. The firm has a market cap of $2.42 billion, a PE ratio of 6.35, a PEG ratio of 0.45 and a beta of 1.31.

PagSeguro Digital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.28 per share. This is an increase from PagSeguro Digital’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $1.12 dividend on an annualized basis and a yield of 13.0%. PagSeguro Digital’s dividend payout ratio is 76.47%.

Analyst Ratings Changes

A number of research firms have recently weighed in on PAGS. Bank of America lowered PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a research note on Wednesday, July 15th. Autonomous Res lowered PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Weiss Ratings cut PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Wall Street Zen downgraded PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, UBS Group dropped their price objective on PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating for the company in a research note on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.98.

Insider Buying and Selling at PagSeguro Digital

In related news, insider Da Silva Ricardo Dutra sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $9.24, for a total value of $231,000.00. Following the sale, the insider owned 25,000 shares in the company, valued at $231,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Institutional Investors Weigh In On PagSeguro Digital

Several hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in shares of PagSeguro Digital in the 4th quarter worth about $144,000. Vident Advisory LLC grew its position in PagSeguro Digital by 29.1% during the 4th quarter. Vident Advisory LLC now owns 15,233 shares of the company’s stock valued at $147,000 after purchasing an additional 3,431 shares during the last quarter. Mackenzie Financial Corp increased its stake in PagSeguro Digital by 141.7% during the 4th quarter. Mackenzie Financial Corp now owns 240,262 shares of the company’s stock valued at $2,336,000 after purchasing an additional 140,864 shares in the last quarter. XTX Topco Ltd increased its stake in PagSeguro Digital by 5.2% during the 4th quarter. XTX Topco Ltd now owns 91,981 shares of the company’s stock valued at $887,000 after purchasing an additional 4,529 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in PagSeguro Digital in the fourth quarter worth about $383,000. 45.88% of the stock is owned by 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.