PagSeguro Digital (NYSE:PAGS) Given New $14.00 Price Target at UBS Group

PagSeguro Digital (NYSE:PAGS) had its price target hoisted by UBS Group from $13.00 to $14.00 in a research report report published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently issued reports on PAGS. The Goldman Sachs Group reissued a “neutral” rating and set a $9.00 price objective (down from $12.00) on shares of PagSeguro Digital in a research report on Tuesday, October 14th. Susquehanna increased their target price on shares of PagSeguro Digital from $11.00 to $12.00 and gave the stock a “positive” rating in a research note on Friday, November 14th. Wall Street Zen cut shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.86.

PagSeguro Digital Stock Performance

PAGS stock opened at $11.98 on Wednesday. PagSeguro Digital has a one year low of $6.70 and a one year high of $12.10. The firm has a market cap of $3.90 billion, a PE ratio of 9.28, a PEG ratio of 0.50 and a beta of 1.41. The firm’s 50 day moving average price is $10.10 and its 200-day moving average price is $9.46.

PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Wednesday, November 12th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. PagSeguro Digital had a return on equity of 15.39% and a net margin of 11.00%.The company had revenue of $937.15 million during the quarter, compared to analysts’ expectations of $971.30 million. Equities research analysts predict that PagSeguro Digital will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Announces Dividend

The firm also recently declared a special dividend, which will be paid on Friday, February 27th. Stockholders of record on Wednesday, January 28th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, January 28th. PagSeguro Digital’s dividend payout ratio is currently 10.85%.

Institutional Investors Weigh In On PagSeguro Digital

Several large investors have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. grew its stake in shares of PagSeguro Digital by 108.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,610,914 shares of the company’s stock worth $63,729,000 after acquiring an additional 3,435,211 shares in the last quarter. Maple Rock Capital Partners Inc. purchased a new position in PagSeguro Digital in the third quarter valued at $28,011,000. Baupost Group LLC MA acquired a new position in PagSeguro Digital during the 2nd quarter worth $24,100,000. Jacobs Levy Equity Management Inc. increased its holdings in PagSeguro Digital by 5,302.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,156,848 shares of the company’s stock worth $21,568,000 after purchasing an additional 2,116,925 shares during the period. Finally, Orbis Allan Gray Ltd acquired a new stake in PagSeguro Digital in the 2nd quarter valued at about $20,106,000. 45.88% of the stock is owned by hedge funds and other 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.