According to Zacks, “PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants and small and medium-sized businesses primarily in Brazil and internationally. The Company offers multiple digital payment solutions, in-person payments via point of sales devices and prepaid cards services. PagSeguro Digital Ltd. is headquartered in Sao Paulo, Brazil. “
Other analysts also recently issued research reports about the company. Credit Suisse Group upgraded PagSeguro Digital from an “underperform” rating to a “neutral” rating in a research note on Monday, July 22nd. Cantor Fitzgerald started coverage on PagSeguro Digital in a research note on Friday, June 28th. They set an “overweight” rating and a $41.00 price target on the stock. KeyCorp boosted their price target on PagSeguro Digital from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. ValuEngine downgraded PagSeguro Digital from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Evercore ISI assumed coverage on PagSeguro Digital in a research note on Tuesday, July 16th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $40.44.
PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings results on Thursday, August 15th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The business had revenue of $354.49 million for the quarter, compared to the consensus estimate of $332.31 million. PagSeguro Digital had a return on equity of 18.82% and a net margin of 23.12%. Analysts expect that PagSeguro Digital will post 1.16 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC boosted its stake in shares of PagSeguro Digital by 22.2% in the second quarter. Janus Henderson Group PLC now owns 8,226,841 shares of the company’s stock worth $320,599,000 after buying an additional 1,492,806 shares during the last quarter. Sylebra Capital Ltd boosted its stake in shares of PagSeguro Digital by 0.3% in the second quarter. Sylebra Capital Ltd now owns 7,238,166 shares of the company’s stock worth $282,071,000 after buying an additional 23,744 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of PagSeguro Digital by 1.5% in the second quarter. Schroder Investment Management Group now owns 4,090,514 shares of the company’s stock worth $159,407,000 after buying an additional 60,469 shares during the last quarter. Federated Investors Inc. PA boosted its stake in shares of PagSeguro Digital by 15.1% in the first quarter. Federated Investors Inc. PA now owns 3,952,445 shares of the company’s stock worth $117,981,000 after buying an additional 519,146 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of PagSeguro Digital by 1.0% in the second quarter. Bessemer Group Inc. now owns 2,246,276 shares of the company’s stock worth $87,539,000 after buying an additional 22,328 shares during the last quarter.
PagSeguro Digital Company Profile
PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end 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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.
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