PagSeguro Digital (NYSE:PAGS) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

PagSeguro Digital (NYSE:PAGS) released its quarterly earnings results on Tuesday. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01, FiscalAI reports. The business had revenue of $942.97 million during the quarter, compared to analyst estimates of $1 billion. PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%.

PagSeguro Digital Stock Down 2.1%

PAGS stock traded down $0.20 during midday trading on Tuesday, hitting $8.88. The company’s stock had a trading volume of 3,551,337 shares, compared to its average volume of 3,645,791. PagSeguro Digital has a 12 month low of $8.26 and a 12 month high of $12.32. The company has a 50 day moving average of $9.10 and a two-hundred day moving average of $9.88. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 6.53, a price-to-earnings-growth ratio of 0.45 and a beta of 1.31.

Insider Activity

In other news, insider Da Silva Ricardo Dutra sold 25,000 shares of the business’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $9.24, for a total value of $231,000.00. Following the transaction, the insider owned 25,000 shares of the company’s stock, valued at approximately $231,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Trading of PagSeguro Digital

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its stake in PagSeguro Digital by 3.1% in the 4th quarter. State Street Corp now owns 4,617,616 shares of the company’s stock worth $44,514,000 after purchasing an additional 139,227 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of PagSeguro Digital by 0.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,926,789 shares of the company’s stock valued at $37,854,000 after purchasing an additional 12,863 shares during the last quarter. Maple Rock Capital Partners Inc. grew its position in shares of PagSeguro Digital by 20.1% during the fourth quarter. Maple Rock Capital Partners Inc. now owns 3,365,400 shares of the company’s stock valued at $32,442,000 after purchasing an additional 564,300 shares in the last quarter. Voloridge Investment Management LLC grew its position in shares of PagSeguro Digital by 6.1% during the third quarter. Voloridge Investment Management LLC now owns 2,668,473 shares of the company’s stock valued at $26,685,000 after purchasing an additional 153,067 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of PagSeguro Digital by 6.7% in the fourth quarter. Marshall Wace LLP now owns 2,439,324 shares of the company’s stock worth $23,515,000 after purchasing an additional 153,132 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.