PagSeguro Digital (NYSE:PAGS) Stock Price Up 4.7% – Here’s Why

PagSeguro Digital Ltd. (NYSE:PAGS) shares traded up 4.7% during trading on Thursday . The stock traded as high as $10.00 and last traded at $10.0610. Approximately 714,675 shares traded hands during trading, a decline of 80% from the average daily volume of 3,547,057 shares. The stock had previously closed at $9.61.

Analyst Upgrades and Downgrades

PAGS has been the subject of a number of recent research reports. Wall Street Zen cut PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings lowered PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Bank of America cut PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a research note on Wednesday, July 15th. UBS Group decreased their price target on PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating for the company in a report on Friday, July 17th. Finally, Jefferies Financial Group started coverage on shares of PagSeguro Digital in a research report on Thursday, July 23rd. They issued a “hold” rating and a $10.40 price objective on the stock. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.98.

PagSeguro Digital Price Performance

The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 0.48 and a beta of 1.29. The stock’s 50-day moving average is $9.20 and its 200 day moving average is $9.57.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%.The company had revenue of $942.97 million for the quarter, compared to analyst estimates of $1 billion. Analysts anticipate that PagSeguro Digital Ltd. will post 1.67 EPS for the current year.

PagSeguro Digital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $1.12 annualized dividend and a dividend yield of 11.1%. This is an increase from PagSeguro Digital’s previous quarterly dividend of $0.26. PagSeguro Digital’s payout ratio is 72.73%.

Insider Buying and Selling at PagSeguro Digital

In related news, insider Silva Dutra sold 25,000 shares of the company’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $9.24, for a total transaction of $231,000.00. Following the transaction, the insider owned 25,000 shares of the company’s stock, valued at $231,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PAGS. WINTON GROUP Ltd purchased a new stake in shares of PagSeguro Digital during the 2nd quarter worth $172,000. Squarepoint Ops LLC lifted its stake in shares of PagSeguro Digital by 108.7% in the second quarter. Squarepoint Ops LLC now owns 362,352 shares of the company’s stock valued at $3,279,000 after purchasing an additional 188,748 shares during the period. Allianz Asset Management GmbH purchased a new stake in PagSeguro Digital during the second quarter worth about $181,000. Corient Private Wealth LP purchased a new stake in PagSeguro Digital during the second quarter worth about $278,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in PagSeguro Digital during the second quarter worth about $156,000. Hedge funds and other institutional investors own 45.88% of the company’s stock.

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.