PagSeguro Digital (NYSE:PAGS) Director Sells 35,677 Shares of Stock

PagSeguro Digital Ltd. (NYSE:PAGS) Director Alexandre Mr Magnani sold 35,677 shares of the business’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $11.20, for a total value of $399,582.40. Following the completion of the transaction, the director directly owned 171,713 shares in the company, valued at approximately $1,923,185.60. This represents a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Alexandre Mr Magnani also recently made the following trade(s):

• On Friday, October 9th, Alexandre Mr Magnani sold 300,000 shares of PagSeguro Digital stock. The shares were sold at an average price of $10.95, for a total transaction of $3,285,000.00.
• On Wednesday, October 7th, Alexandre Mr Magnani sold 100,000 shares of PagSeguro Digital stock. The shares were sold at an average price of $10.60, for a total transaction of $1,060,000.00.

PagSeguro Digital Price Performance

Shares of PAGS stock traded down $0.06 during mid-day trading on Tuesday, hitting $11.09. The company had a trading volume of 1,530,259 shares, compared to its average volume of 3,647,095. The stock’s 50 day moving average price is $9.39 and its 200-day moving average price is $9.51. PagSeguro Digital Ltd. has a 52-week low of $8.42 and a 52-week high of $12.32. The company has a market capitalization of $3.10 billion, a P/E ratio of 7.76, a P/E/G ratio of 0.45 and a beta of 1.27.

PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Tuesday, August 11th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $942.97 million for the quarter, compared to the consensus estimate of $1 billion. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. On average, equities research analysts expect that PagSeguro Digital Ltd. will post 1.65 earnings per share for the current year.

PagSeguro Digital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, September 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 10.1%. This is an increase from PagSeguro Digital’s previous quarterly dividend of $0.26. PagSeguro Digital’s dividend payout ratio is currently 78.32%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PAGS shares. UBS Group cut their target price on shares of PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Bank of America downgraded shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research note on Wednesday, July 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of PagSeguro Digital in a research report on Friday, September 18th. Finally, 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. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.73.

Institutional Trading of PagSeguro Digital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its position in shares of PagSeguro Digital by 101.7% during the first quarter. Lazard Asset Management LLC now owns 1,986,771 shares of the company’s stock worth $19,907,000 after purchasing an additional 1,001,581 shares during the last quarter. Absolute Gestao de Investimentos Ltda. grew its holdings in shares of PagSeguro Digital by 224.2% in the first quarter. Absolute Gestao de Investimentos Ltda. now owns 1,175,125 shares of the company’s stock worth $11,775,000 after purchasing an additional 812,641 shares during the last quarter. Sei Investments Co. grew its holdings in shares of PagSeguro Digital by 168.5% in the first quarter. Sei Investments Co. now owns 611,057 shares of the company’s stock worth $6,123,000 after purchasing an additional 383,452 shares during the last quarter. Bank of America Corp DE grew its stake in PagSeguro Digital by 15.4% in the 1st quarter. Bank of America Corp DE now owns 479,554 shares of the company’s stock worth $4,805,000 after acquiring an additional 63,981 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in PagSeguro Digital during the 2nd quarter worth $4,407,000. 45.88% of the stock is owned by hedge funds and other institutional investors.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. is a Brazilian financial technology company that operates the PagBank ecosystem. The company provides payment acceptance and digital banking services primarily to micro, small and medium-sized businesses, self-employed professionals and individual consumers in Brazil.

Its products and services include point-of-sale payment terminals, online payment processing, digital accounts, payment cards, money transfers, bill payment and other financial services. PagSeguro also offers tools designed to help merchants manage transactions and business finances through digital platforms and mobile applications.

PagSeguro was developed as part of Brazil’s UOL group and became a publicly traded company on the New York Stock Exchange in 2018.