PagSeguro Digital (NYSE:PAGS) Downgraded by Autonomous Res to Strong Sell

Autonomous Res cut shares of PagSeguro Digital (NYSE:PAGS) from a hold rating to a strong sell rating in a report released on Thursday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of PagSeguro Digital in a research report on Thursday, January 22nd. Wall Street Zen raised PagSeguro Digital from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group increased their price target on PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. reduced their target price on PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.00.

PagSeguro Digital Stock Down 1.4%

Shares of PagSeguro Digital stock traded down $0.15 during trading on Thursday, reaching $9.88. 2,874,386 shares of the company were exchanged, compared to its average volume of 3,400,205. PagSeguro Digital has a twelve month low of $7.74 and a twelve month high of $12.32. The business has a 50-day moving average price of $10.33 and a 200-day moving average price of $10.14. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 7.71, a P/E/G ratio of 0.41 and a beta of 1.42.

PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Wednesday, March 4th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. PagSeguro Digital had a return on equity of 16.20% and a net margin of 10.37%.The firm had revenue of $991.79 million during the quarter, compared to analysts’ expectations of $1.03 billion. On average, equities research analysts forecast that PagSeguro Digital will post 1.66 EPS for the current fiscal year.

PagSeguro Digital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, April 22nd will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $1.04 dividend on an annualized basis and a yield of 10.5%. PagSeguro Digital’s payout ratio is presently 81.25%.

Insiders Place Their Bets

In related news, Director Luis Frias bought 498,500 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The stock was bought at an average cost of $9.96 per share, for a total transaction of $4,965,060.00. Following the completion of the transaction, the director owned 2,673,605 shares of the company’s stock, valued at approximately $26,629,105.80. The trade was a 22.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexandre Mr Magnani sold 200,000 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $11.26, for a total transaction of $2,252,000.00. Following the completion of the transaction, the director owned 607,390 shares of the company’s stock, valued at $6,839,211.40. This trade represents a 24.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Hedge Funds Weigh In On PagSeguro Digital

Several hedge funds and other institutional investors have recently modified their holdings of PAGS. Caitong International Asset Management Co. Ltd raised its stake in shares of PagSeguro Digital by 77.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock valued at $40,000 after acquiring an additional 1,821 shares during the last quarter. GAMMA Investing LLC raised its stake in PagSeguro Digital by 37.0% in the fourth quarter. GAMMA Investing LLC now owns 4,626 shares of the company’s stock worth $45,000 after buying an additional 1,249 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in PagSeguro Digital in the fourth quarter worth about $45,000. Farther Finance Advisors LLC bought a new position in PagSeguro Digital in the third quarter worth about $46,000. Finally, Versant Capital Management Inc raised its stake in PagSeguro Digital by 114.1% in the third quarter. Versant Capital Management Inc now owns 5,156 shares of the company’s stock worth $52,000 after buying an additional 2,748 shares in the last quarter. 45.88% of the stock is owned by institutional investors.

About PagSeguro Digital

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.