PagSeguro Digital (NYSE:PAGS) Price Target Raised to $14.00

PagSeguro Digital (NYSE:PAGS) had its price target boosted by UBS Group from $13.00 to $14.00 in a research note released on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other analysts have also issued reports on the stock. Susquehanna raised their target price on shares of PagSeguro Digital from $11.00 to $12.00 and gave the stock a “positive” rating in a research report on Friday, November 14th. Wall Street Zen cut PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of PagSeguro Digital in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $9.00 target price (down from $12.00) on shares of PagSeguro Digital in a research report on Tuesday, October 14th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.86.

PagSeguro Digital Stock Down 6.3%

Shares of NYSE:PAGS opened at $11.25 on Wednesday. The company has a market capitalization of $3.96 billion, a P/E ratio of 8.72, a P/E/G ratio of 0.51 and a beta of 1.41. PagSeguro Digital has a 52-week low of $6.70 and a 52-week high of $12.32. The stock’s fifty day simple moving average is $10.19 and its 200-day simple moving average is $9.49.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Wednesday, November 12th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. PagSeguro Digital had a net margin of 11.00% and a return on equity of 15.39%. The firm had revenue of $937.15 million during the quarter, compared to the consensus estimate of $971.30 million. On average, sell-side analysts anticipate that PagSeguro Digital will post 1.17 earnings per share for the current year.

PagSeguro Digital Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, February 27th. Investors of record on Wednesday, January 28th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, January 28th. PagSeguro Digital’s dividend payout ratio (DPR) is presently 10.85%.

Hedge Funds Weigh In On PagSeguro Digital

Large investors have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of PagSeguro Digital by 61.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,510 shares of the company’s stock worth $34,000 after purchasing an additional 1,333 shares during the period. CWM LLC grew its stake in PagSeguro Digital by 78.1% during the second quarter. CWM LLC now owns 4,073 shares of the company’s stock worth $39,000 after buying an additional 1,786 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of PagSeguro Digital in the third quarter worth $46,000. Versant Capital Management Inc increased its position in shares of 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 acquiring an additional 2,748 shares in the last quarter. Finally, Virtus Advisers LLC purchased a new position in shares of PagSeguro Digital in the 2nd quarter valued at $51,000. 45.88% of the stock is currently owned by hedge funds and other 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.