UBS Group Cuts PagSeguro Digital (NYSE:PAGS) Price Target to $11.00

PagSeguro Digital (NYSE:PAGS) had its price target reduced by UBS Group from $12.50 to $11.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

PAGS has been the topic of a number of other research reports. Bank of America lowered PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a research note on Wednesday, July 15th. Jefferies Financial Group started coverage on shares of PagSeguro Digital in a report on Thursday, July 23rd. They issued a “hold” rating and a $10.40 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PagSeguro Digital in a research note on Friday, September 18th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.73.

PagSeguro Digital Price Performance

Shares of NYSE PAGS opened at $8.87 on Tuesday. The firm’s 50-day moving average is $9.25 and its two-hundred day moving average is $9.46. The company has a market capitalization of $2.48 billion, a PE ratio of 6.20, a price-to-earnings-growth ratio of 0.35 and a beta of 1.27. PagSeguro Digital has a 12-month low of $8.42 and a 12-month high of $12.32.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. PagSeguro Digital had a net margin of 10.46% and a return on equity of 16.36%. The business had revenue of $942.97 million during the quarter, compared to analysts’ expectations of $1 billion. On average, analysts forecast that PagSeguro Digital will post 1.66 EPS for the current fiscal year.

PagSeguro Digital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were paid a $0.28 dividend. 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 annualized dividend and a yield of 12.6%. PagSeguro Digital’s payout ratio is currently 78.32%.

Insiders Place Their Bets

In other PagSeguro Digital news, insider Silva Dutra sold 25,000 shares of the firm’s stock in a transaction dated 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 directly owned 25,000 shares of the company’s stock, valued at approximately $231,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PAGS. Public Employees Retirement System of Ohio purchased a new position in PagSeguro Digital during the second quarter worth approximately $1,507,000. Bank of New York Mellon Corp purchased a new stake in shares of PagSeguro Digital during the 2nd quarter valued at $4,407,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of PagSeguro Digital during the 1st quarter worth $1,987,000. Squarepoint Ops LLC raised its position in shares of PagSeguro Digital by 108.7% in the 2nd quarter. Squarepoint Ops LLC now owns 362,352 shares of the company’s stock worth $3,279,000 after buying an additional 188,748 shares during the period. Finally, Sei Investments Co. raised its position in shares of PagSeguro Digital by 168.5% in the 1st quarter. Sei Investments Co. now owns 611,057 shares of the company’s stock worth $6,123,000 after buying an additional 383,452 shares during the period. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

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.