BlackRock Investment Management recently announced the acquisition of new stake in PagSeguro Digital Ltd (NYSE:PAGS). The institutional investor has increased its shareholding in the Technology company by 13.26% to 14.43 million shares with purchase of 1.69 million shares. This fresh investment now brings its stake to 7.08% valued currently at $101.9 million. In addition, Point72 Asset Management LP raised its holdings by 2.19 million to 10.02 million shares. And BlackRock Fund Advisors has lifted its position by 0.21% or 21187.0 shares – to 9.92 million shares.
With over 4.35 million PagSeguro Digital Ltd (PAGS) shares trading Tuesday and a closing price of $10.42 on the day, the dollar volume was approximately $45.36 million. The shares have shown a positive half year performance of 0.97% and its price on 12/05/23 lost nearly -3.25%. Currently, there are 331.37M common shares owned by the public and among those 203.02M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 18 analysts who have offered their price forecasts for PAGS have a consensus price objective of $57.91. The analysts have set the share’s price value over the next 12 months at a high of $78.29 and a low of $33.27. The average price target is 9.15% above its recent price level and an upside to the estimated low will see the stock gain 68.68% over that period. But an upside of 86.69% will see the stock hit the forecast high price target while median target price for the stock is $56.80.
The top 3 mutual fund holders in PagSeguro Digital Ltd are Fidelity Inv. Trust – Emerging Ma, American Funds New World Fund, and Government Pension Fund – Global. Fidelity Inv. Trust – Emerging Ma owns 13.22 million shares of the company’s stock, all valued at over $93.33 million. The company bought an additional 0.52 million shares recently to bring their total holdings to about 6.49% of the shares outstanding. Government Pension Fund – Global bought 6.0 million shares to bring its total holdings to over 8.03 million shares at a value of $56.71 million. Government Pension Fund – Global now owns shares totaling to 3.94% of the shares outstanding.
Shares of PagSeguro Digital Ltd (NYSE: PAGS) opened at $10.72, down -$0.05 from a prior closing price of $10.77. However, the script later moved the day high at 10.73, down -3.25%. The company’s stock has a 5-day price change of 5.79% and 19.22% over the past three months. PAGS shares are trading 19.22% year to date (YTD), with the 12-month market performance up to 6.54% higher. It has a 12-month low price of $6.93 and touched a high of $13.19 over the same period. PAGS has an average intraday trading volume of 4.07 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 16.04%, 24.89%, and 12.60% respectively.
Institutional ownership of PagSeguro Digital Ltd (NYSE: PAGS) shares accounts for 56.02% of the company’s 331.37M shares outstanding. Mutual fund holders own 43.81%, while other institutional holders and individual stakeholders account for 47.32% and — respectively.
It has a market capitalization of $3.45B and a beta (3y monthly) value of 1.77. The stock’s trailing 12-month PE ratio is 10.94, while the earnings-per-share (ttm) stands at $0.95. The company has a PEG of 0.99 and a Quick Ratio of 1.43 with the debt-to-equity ratio at 0.95. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.31% over the week and 3.97% over the month.
Analysts forecast that PagSeguro Digital Ltd (PAGS) will achieve an EPS of $0.3 for the current quarter, $0.28 for the next quarter and $1.22 for 2024. The lowest estimate earnings-per-share for the quarter is $0.28 while analysts give the company a high EPS estimate of $0.32. Comparatively, EPS for the current quarter was $0.25 a year ago. Earnings per share for the fiscal year are expected to increase by 10.77%, and 14.31% over the next financial year. EPS should shrink at an annualized rate of 11.08% over the next five years, compared to 13.36% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 18 brokerage firm advisors rate PagSeguro Digital Ltd (PAGS) as a “Moderate Buy” at a consensus score of 2.28. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 7 of the 18 advise that investors “hold,” and 2 rated it as a “Sell.”
Looking at the support for the PAGS, a number of firms have released research notes about the stock. New Street stated their Buy rating for the stock in a research note on September 15, 2023, with the firm’s price target at $14.
