PagSeguro Digital (NYSE:PAGS) Shares Gap Up – Here’s What Happened

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) gapped up before the market opened on Monday. The stock had previously closed at $9.02, but opened at $10.30. PagSeguro Digital shares last traded at $11.0960, with a volume of 4,159,389 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PAGS shares. Jefferies Financial Group initiated 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 for the company. UBS Group reduced their price objective on shares of PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, September 29th. Weiss Ratings reissued a “hold (c)” rating on shares of PagSeguro Digital in a report on Friday, September 18th. Finally, Bank of America downgraded shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, PagSeguro Digital presently has an average rating of “Hold” and an average target price of $10.73.

PagSeguro Digital Stock Performance

The firm has a market capitalization of $3.01 billion, a P/E ratio of 7.53, a P/E/G ratio of 0.44 and a beta of 1.27. The stock has a fifty day moving average price of $9.30 and a two-hundred day moving average price of $9.48.

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 the consensus estimate of $0.39 by $0.02. The business had revenue of $942.97 million for the quarter, compared to analyst estimates of $1 billion. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. As a group, research analysts anticipate that PagSeguro Digital Ltd. will post 1.65 earnings per share for the current fiscal 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 issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 10.4%. This is a positive change from PagSeguro Digital’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, September 16th. PagSeguro Digital’s dividend payout ratio is currently 78.32%.

Insider Activity

In other news, insider Silva Dutra sold 25,000 shares of PagSeguro Digital stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $9.24, for a total value of $231,000.00. Following the completion of the transaction, the insider directly owned 25,000 shares of the company’s stock, valued at approximately $231,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On PagSeguro Digital

A number of large investors have recently bought and sold shares of the business. WINTON GROUP Ltd acquired a new position in PagSeguro Digital in the second quarter valued at approximately $172,000. Squarepoint Ops LLC grew its holdings in shares of PagSeguro Digital by 108.7% during the second quarter. Squarepoint Ops LLC now owns 362,352 shares of the company’s stock valued at $3,279,000 after purchasing an additional 188,748 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of PagSeguro Digital during the 2nd quarter worth approximately $181,000. Corient Private Wealth LP bought a new stake in shares of PagSeguro Digital in the 2nd quarter worth approximately $278,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of PagSeguro Digital in the 2nd quarter worth approximately $156,000. Institutional investors own 45.88% of the company’s stock.

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.