Brokerages Set PagSeguro Digital Ltd. (NYSE:PAGS) Price Target at $11.63

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $11.63.

A number of equities research analysts recently weighed in on the stock. Barclays reduced their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Citigroup raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and boosted their price target for the company from $7.00 to $10.00 in a research report on Tuesday, April 22nd. Finally, Susquehanna reduced their price target 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.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new position in PagSeguro Digital during the first quarter worth about $26,000. Signaturefd LLC grew its position in PagSeguro Digital by 1,306.5% during the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company’s stock worth $29,000 after buying an additional 4,233 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in PagSeguro Digital by 626.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company’s stock worth $39,000 after buying an additional 4,435 shares during the period. State of Wyoming grew its position in PagSeguro Digital by 32.8% during the fourth quarter. State of Wyoming now owns 6,436 shares of the company’s stock worth $40,000 after buying an additional 1,591 shares during the period. Finally, Harbor Capital Advisors Inc. grew its position in PagSeguro Digital by 166.9% during the first quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company’s stock worth $51,000 after buying an additional 4,180 shares during the period. 45.88% of the stock is owned by hedge funds and other institutional investors.

PagSeguro Digital Trading Down 3.2%

Shares of PAGS stock opened at $9.64 on Monday. The firm has a fifty day moving average price of $9.19 and a 200 day moving average price of $7.99. The company has a market cap of $3.18 billion, a P/E ratio of 7.90, a PEG ratio of 0.70 and a beta of 1.58. PagSeguro Digital has a 12 month low of $6.11 and a 12 month high of $14.82.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 11.15% and a return on equity of 15.43%. On average, equities analysts forecast that PagSeguro Digital will post 1.17 EPS for the current year.

PagSeguro Digital Cuts Dividend

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

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.