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

PagSeguro Digital Ltd. (NYSE:PAGS) has earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $10.9833.

A number of analysts have weighed in on PAGS shares. UBS Group reduced their target price on PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating on the stock in a research note on Friday, July 17th. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a report on Friday. Jefferies Financial Group assumed coverage on shares of PagSeguro Digital in a research note on Thursday, July 23rd. They issued a “hold” rating and a $10.40 price target on the stock. Finally, Bank of America lowered shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a report on Wednesday, July 15th.

Insider Buying and Selling at PagSeguro Digital

In related news, insider Silva Dutra sold 25,000 shares of the business’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 completion of the sale, the insider owned 25,000 shares in the company, valued at approximately $231,000. The trade was a 50.00% 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.

Institutional Investors Weigh In On PagSeguro Digital

Several hedge funds have recently made changes to their positions in PAGS. Lazard Asset Management LLC increased its stake in shares of PagSeguro Digital by 101.7% during the first quarter. Lazard Asset Management LLC now owns 1,986,771 shares of the company’s stock valued at $19,907,000 after buying an additional 1,001,581 shares during the period. Absolute Gestao de Investimentos Ltda. grew its holdings 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 acquiring 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 valued at $6,123,000 after purchasing an additional 383,452 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of PagSeguro Digital in the 2nd quarter valued at about $4,407,000. Finally, Bank of America Corp DE raised its holdings in shares of PagSeguro Digital by 15.4% in the 1st quarter. Bank of America Corp DE now owns 479,554 shares of the company’s stock valued at $4,805,000 after purchasing an additional 63,981 shares in the last quarter. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

PagSeguro Digital Price Performance

Shares of NYSE:PAGS opened at $9.40 on Wednesday. The firm has a market capitalization of $2.63 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 0.38 and a beta of 1.29. The business has a 50 day simple moving average of $9.30 and a two-hundred day simple moving average of $9.51. PagSeguro Digital has a 1 year low of $8.42 and a 1 year high of $12.32.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.41 earnings per share for the quarter, topping 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 firm had revenue of $942.97 million for the quarter, compared to the consensus estimate of $1 billion. Equities research analysts expect that PagSeguro Digital will post 1.66 EPS for the current fiscal year.

PagSeguro Digital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.28 per share. This is a boost from PagSeguro Digital’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 11.9%. The ex-dividend date of this dividend is Wednesday, September 16th. PagSeguro Digital’s payout ratio is presently 78.32%.

About PagSeguro Digital

PagSeguro Digital Ltd., operating under the PagBank brand, is a Brazilian financial technology company that provides payment-processing and digital banking services. The company serves individual consumers, self-employed professionals, microbusinesses and small and medium-sized enterprises, with a focus on expanding access to electronic payments and financial services in Brazil.

Its offerings include point-of-sale payment terminals, online payment acceptance, mobile payment tools, QR code and Pix transactions, digital accounts, payment cards, personal and business loans, and other financial products.