Brokerages Set PagSeguro Digital Ltd. (NYSE:PAGS) Target Price at $10.98

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have received a consensus rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $10.9833.

Several analysts have recently commented on the stock. UBS Group reduced their target price on shares of PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating for the company in a research note on Friday, July 17th. Jefferies Financial Group initiated coverage on shares of PagSeguro Digital in a research note on Thursday, July 23rd. They set a “hold” rating and a $10.40 price target on the stock. Bank of America cut shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a report on Wednesday, July 15th. Finally, Weiss Ratings downgraded shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd.

Insider Activity at PagSeguro Digital

In other news, insider Silva Dutra sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $9.24, for a total value of $231,000.00. Following the completion of the sale, the insider directly owned 25,000 shares of the company’s stock, valued at $231,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its stake in shares of PagSeguro Digital by 77.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock worth $40,000 after purchasing an additional 1,821 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of PagSeguro Digital by 86.7% in the first quarter. Meeder Asset Management Inc. now owns 10,308 shares of the company’s stock valued at $103,000 after purchasing an additional 4,786 shares during the period. Confluence Investment Management LLC acquired a new stake in shares of PagSeguro Digital in the second quarter valued at about $125,000. DGS Capital Management LLC boosted its holdings in PagSeguro Digital by 8.7% during the fourth quarter. DGS Capital Management LLC now owns 15,814 shares of the company’s stock worth $152,000 after buying an additional 1,271 shares in the last quarter. Finally, Integrity Alliance LLC. purchased a new stake in PagSeguro Digital during the fourth quarter worth about $153,000. Hedge funds and other institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Trading Up 0.2%

NYSE:PAGS opened at $9.28 on Wednesday. The firm has a market cap of $2.59 billion, a P/E ratio of 6.49, a PEG ratio of 0.37 and a beta of 1.29. The stock’s 50 day simple moving average is $9.30 and its 200-day simple moving average is $9.52. 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 results on Tuesday, August 11th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $942.97 million during the quarter, compared to the consensus estimate of $1 billion. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. Research 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 will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.28 per share. This is a positive change from PagSeguro Digital’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 12.1%. PagSeguro Digital’s dividend payout ratio (DPR) is currently 78.32%.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd., operating under the PagBank brand, is a Brazilian financial technology company that provides payment-processing and digital banking services. The company serves individual consumers, self-employed professionals, microbusinesses and small and medium-sized enterprises, with a focus on expanding access to electronic payments and financial services in Brazil.

Its offerings include point-of-sale payment terminals, online payment acceptance, mobile payment tools, QR code and Pix transactions, digital accounts, payment cards, personal and business loans, and other financial products.