PagSeguro Digital Sees Unusually High Options Volume (NYSE:PAGS)

PagSeguro Digital Ltd. (NYSE:PAGS) saw unusually large options trading activity on Tuesday. Stock traders purchased 18,553 call options on the company. This represents an increase of approximately 1,523% compared to the typical volume of 1,143 call options.

Insider Transactions at PagSeguro Digital

In other PagSeguro Digital news, insider Silva Dutra sold 25,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 25,000 shares in the company, valued at $231,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. WINTON GROUP Ltd acquired a new position in PagSeguro Digital during the 2nd quarter valued at $172,000. Squarepoint Ops LLC grew its position in PagSeguro Digital by 108.7% in the 2nd quarter. Squarepoint Ops LLC now owns 362,352 shares of the company’s stock worth $3,279,000 after purchasing an additional 188,748 shares during the last quarter. Allianz Asset Management GmbH bought a new position in shares of PagSeguro Digital during the 2nd quarter worth about $181,000. Corient Private Wealth LP bought a new position in shares of PagSeguro Digital during the 2nd quarter worth about $278,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of PagSeguro Digital during the second quarter valued at about $156,000. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Trading Down 1.8%

Shares of PagSeguro Digital stock opened at $9.45 on Thursday. The firm has a fifty day simple moving average of $9.29 and a 200-day simple moving average of $9.54. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 6.60, a PEG ratio of 0.38 and a beta of 1.29. PagSeguro Digital has a 1-year low of $8.42 and a 1-year high of $12.32.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Tuesday, August 11th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. PagSeguro Digital had a net margin of 10.46% and a return on equity of 16.36%. The firm had revenue of $942.97 million for the quarter, compared to the consensus estimate of $1 billion. As a group, research analysts predict that PagSeguro Digital will post 1.66 earnings per share for the current year.

PagSeguro Digital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $0.28 dividend. This is an increase from PagSeguro Digital’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $1.12 dividend on an annualized basis and a yield of 11.9%. PagSeguro Digital’s payout ratio is 72.73%.

Analysts Set New Price Targets

Several brokerages recently commented on PAGS. Weiss Ratings cut PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. UBS Group dropped their price target on shares of PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating on the stock in a research note on Friday, July 17th. Jefferies Financial Group began 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. Finally, Bank of America downgraded shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.98.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd., operating under the PagBank brand, is a Brazilian financial technology company that provides payment-processing and digital banking services. The company serves individual consumers, self-employed professionals, microbusinesses and small and medium-sized enterprises, with a focus on expanding access to electronic payments and financial services in Brazil.

Its offerings include point-of-sale payment terminals, online payment acceptance, mobile payment tools, QR code and Pix transactions, digital accounts, payment cards, personal and business loans, and other financial products.