PagSeguro Digital (NYSE:PAGS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of PagSeguro Digital (NYSE:PAGS) from a buy rating to a strong-buy rating in a research report report published on Saturday morning.

Separately, JPMorgan Chase & Co. boosted their price objective on shares of PagSeguro Digital from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.17.

PagSeguro Digital Price Performance

PagSeguro Digital stock opened at $9.69 on Friday. PagSeguro Digital has a one year low of $6.11 and a one year high of $10.21. The business’s fifty day moving average is $8.67 and its 200 day moving average is $8.71. The stock has a market capitalization of $3.19 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 0.63 and a beta of 1.56.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Thursday, August 14th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $930.17 million during the quarter, compared to analyst estimates of $901.10 million. PagSeguro Digital had a return on equity of 15.52% and a net margin of 11.04%. As a group, sell-side analysts expect that PagSeguro Digital will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Cuts Dividend

The business also recently announced a — dividend, which will be paid on Monday, November 3rd. Investors of record on Monday, October 6th will be issued a $0.12 dividend. This represents a yield of 150.0%. The ex-dividend date of this dividend is Monday, October 6th. PagSeguro Digital’s dividend payout ratio (DPR) is currently 11.29%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of PagSeguro Digital by 626.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company’s stock valued at $39,000 after buying an additional 4,435 shares in the last quarter. Aurora Investment Counsel increased its stake in shares of PagSeguro Digital by 19.1% in the first quarter. Aurora Investment Counsel now owns 247,732 shares of the company’s stock worth $1,890,000 after purchasing an additional 39,697 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of PagSeguro Digital by 166.9% during the 1st quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company’s stock valued at $51,000 after purchasing an additional 4,180 shares during the period. SG Americas Securities LLC purchased a new position in shares of PagSeguro Digital during the 1st quarter valued at $329,000. Finally, Ameriprise Financial Inc. increased its stake in PagSeguro Digital by 3,375.8% in the 4th quarter. Ameriprise Financial Inc. now owns 698,645 shares of the company’s stock worth $4,374,000 after buying an additional 678,545 shares in the last quarter. Institutional investors own 45.88% of the company’s stock.

About PagSeguro Digital

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.