PagSeguro Digital Ltd. (NYSE:PAGS) Stock Has Average Target Price of $10.73

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have received an average rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $11.08.

Several research analysts recently commented on PAGS shares. Weiss Ratings upgraded PagSeguro Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. UBS Group reduced their price target on PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Bank of America lowered PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research note on Wednesday, July 15th. Finally, Jefferies Financial Group assumed coverage on PagSeguro Digital in a research note on Thursday, July 23rd. They set a “hold” rating and a $10.40 price objective for the company.

PagSeguro Digital Price Performance

Shares of PAGS stock opened at $11.00 on Friday. PagSeguro Digital has a 12 month low of $8.42 and a 12 month high of $12.32. The firm has a market capitalization of $3.08 billion, a P/E ratio of 7.69, a P/E/G ratio of 0.44 and a beta of 1.27. The company’s fifty day moving average price is $9.52 and its two-hundred day moving average price is $9.54.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $942.97 million during the quarter, compared to analysts’ expectations of $1 billion. PagSeguro Digital had a net margin of 10.46% and a return on equity of 16.36%. On average, sell-side analysts anticipate that PagSeguro Digital will post 1.65 EPS for the current year.

PagSeguro Digital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid 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 was Wednesday, September 16th. This represents a $1.12 annualized dividend and a dividend yield of 10.2%. PagSeguro Digital’s dividend payout ratio (DPR) is currently 78.32%.

Insider Activity at PagSeguro Digital

In related news, Director Alexandre Magnani sold 300,000 shares of PagSeguro Digital stock in a transaction on Friday, October 9th. The shares were sold at an average price of $10.95, for a total value of $3,285,000.00. Following the completion of the sale, the director owned 207,390 shares in the company, valued at approximately $2,270,920.50. The trade was a 59.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Silva Dutra sold 25,000 shares of PagSeguro Digital stock in a transaction on Monday, July 20th. The stock was sold at an average price of $9.24, for a total transaction of $231,000.00. Following the completion of the sale, the insider 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 460,677 shares of company stock valued at $4,975,582.

Institutional Investors Weigh In On PagSeguro Digital

Institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new position in PagSeguro Digital during the 2nd quarter worth approximately $1,507,000. Squarepoint Ops LLC grew 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 acquiring an additional 188,748 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of PagSeguro Digital in the 2nd quarter valued at approximately $4,407,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of PagSeguro Digital in the 1st quarter valued at approximately $1,987,000. Finally, Sei Investments Co. increased its holdings 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 valued at $6,123,000 after acquiring an additional 383,452 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

About PagSeguro Digital

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.