PagSeguro Digital (NYSE:PAGS) Reaches New 52-Week High – Still a Buy?

PagSeguro Digital Ltd. (NYSE:PAGS) hit a new 52-week high on Monday . The company traded as high as $11.21 and last traded at $11.2850, with a volume of 835253 shares traded. The stock had previously closed at $10.98.

Analysts Set New Price Targets

Several research firms recently commented on PAGS. Susquehanna lifted their price objective on PagSeguro Digital from $11.00 to $12.00 and gave the stock a “positive” rating in a report on Friday, November 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of PagSeguro Digital in a research note on Thursday. The Goldman Sachs Group reissued a “neutral” rating and set a $9.00 price target (down from $12.00) on shares of PagSeguro Digital in a report on Tuesday, October 14th. UBS Group lifted their price objective on PagSeguro Digital from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Finally, Wall Street Zen lowered shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 4th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $11.71.

PagSeguro Digital Stock Performance

The company’s 50-day moving average price is $9.98 and its 200 day moving average price is $9.40. The stock has a market capitalization of $3.62 billion, a P/E ratio of 8.78, a P/E/G ratio of 0.46 and a beta of 1.41.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $937.15 million during the quarter, compared to analyst estimates of $971.30 million. PagSeguro Digital had a return on equity of 15.39% and a net margin of 11.00%. Analysts predict that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Announces Dividend

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 given a $0.12 dividend. The ex-dividend date is Wednesday, January 28th. PagSeguro Digital’s payout ratio is currently 10.85%.

Institutional Investors Weigh In On PagSeguro Digital

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in PagSeguro Digital by 61.2% during the second quarter. GAMMA Investing LLC now owns 3,510 shares of the company’s stock valued at $34,000 after purchasing an additional 1,333 shares during the last quarter. CWM LLC boosted its holdings in shares of PagSeguro Digital by 78.1% in the 2nd quarter. CWM LLC now owns 4,073 shares of the company’s stock worth $39,000 after purchasing an additional 1,786 shares during the period. Farther Finance Advisors LLC bought a new position in shares of PagSeguro Digital during the 3rd quarter valued at approximately $46,000. Virtus Advisers LLC bought a new position in PagSeguro Digital during the second quarter valued at $51,000. Finally, Versant Capital Management Inc raised its stake 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 valued at $52,000 after acquiring an additional 2,748 shares during the period. 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.