PagSeguro Digital Ltd. (PAGS) To Go Ex-Dividend on May 23rd

PagSeguro Digital Ltd. (NYSE:PAGS) announced a — dividend on Thursday, May 15th, Wall Street Journal reports. Shareholders of record on Friday, May 23rd will be paid a dividend of 0.14 per share on Friday, June 6th. The ex-dividend date of this dividend is Friday, May 23rd.

PagSeguro Digital Trading Down 0.4%

NYSE:PAGS opened at $9.00 on Wednesday. The stock has a market capitalization of $2.97 billion, a P/E ratio of 7.44, a price-to-earnings-growth ratio of 0.51 and a beta of 1.70. PagSeguro Digital has a 1 year low of $6.11 and a 1 year high of $14.82. The firm has a 50 day moving average of $8.76 and a 200-day moving average of $7.79.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The firm had revenue of $857.50 million during the quarter, compared to the consensus estimate of $914.45 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. As a group, analysts forecast that PagSeguro Digital will post 1.17 EPS for the current fiscal year.

Institutional Trading of PagSeguro Digital

An institutional investor recently raised its position in PagSeguro Digital stock. Intech Investment Management LLC grew its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 29.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,945 shares of the company’s stock after acquiring an additional 34,787 shares during the quarter. Intech Investment Management LLC’s holdings in PagSeguro Digital were worth $1,152,000 at the end of the most recent reporting period. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PAGS shares. Citigroup raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $7.00 to $10.00 in a research note on Tuesday, April 22nd. Barclays reduced their target price on shares of PagSeguro Digital from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Finally, Susquehanna dropped their target price on shares of PagSeguro Digital from $16.00 to $14.00 and set a “positive” rating for the company in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.63.

About PagSeguro Digital

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.