PagSeguro Digital (NYSE:PAGS) Stock Price Up 8.1% – Still a Buy?

PagSeguro Digital Ltd. (NYSE:PAGS) traded up 8.1% during mid-day trading on Tuesday . The stock traded as high as $9.77 and last traded at $9.78. 1,908,611 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 5,253,706 shares. The stock had previously closed at $9.04.

Analyst Upgrades and Downgrades

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

PagSeguro Digital Stock Performance

The company has a market cap of $3.27 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 0.63 and a beta of 1.59. The company’s fifty day moving average is $9.13 and its two-hundred day moving average is $7.97.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. PagSeguro Digital had a net margin of 11.15% and a return on equity of 15.43%. The business had revenue of $857.50 million for the quarter, compared to the consensus estimate of $914.45 million. On average, sell-side analysts anticipate that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Cuts Dividend

The business also recently declared a — dividend, which will be paid on Friday, August 15th. Shareholders of record on Wednesday, July 16th will be issued a $0.12 dividend. This represents a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, July 16th. PagSeguro Digital’s payout ratio is presently 11.48%.

Institutional Trading of PagSeguro Digital

A number of hedge funds have recently added to or reduced their stakes in PAGS. Sylebra Capital LLC raised its stake in shares of PagSeguro Digital by 53.0% during the 4th quarter. Sylebra Capital LLC now owns 12,143,691 shares of the company’s stock worth $76,020,000 after buying an additional 4,208,192 shares during the period. Nuveen LLC acquired a new position in PagSeguro Digital during the first quarter worth $59,603,000. Millennium Management LLC grew its position in shares of PagSeguro Digital by 870.4% in the fourth quarter. Millennium Management LLC now owns 6,271,376 shares of the company’s stock valued at $39,259,000 after purchasing an additional 5,625,121 shares during the period. Marshall Wace LLP grew its position in shares of PagSeguro Digital by 307.4% in the fourth quarter. Marshall Wace LLP now owns 4,459,616 shares of the company’s stock valued at $27,917,000 after purchasing an additional 3,364,926 shares during the period. Finally, Voloridge Investment Management LLC increased its stake in shares of PagSeguro Digital by 53.9% during the fourth quarter. Voloridge Investment Management LLC now owns 2,766,492 shares of the company’s stock worth $17,318,000 after purchasing an additional 968,926 shares in the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.

PagSeguro Digital Company Profile

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.