Da Silva Ricardo Dutra Sells 25,000 Shares of PagSeguro Digital (NYSE:PAGS) Stock

PagSeguro Digital Ltd. (NYSE:PAGS) insider Da Silva Ricardo Dutra sold 25,000 shares of PagSeguro Digital stock in a transaction on Monday, July 20th. The stock was sold at an average price of $9.24, for a total transaction of $231,000.00. Following the transaction, the insider owned 25,000 shares in the company, valued at approximately $231,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

PagSeguro Digital Stock Down 0.9%

Shares of PagSeguro Digital stock opened at $9.53 on Thursday. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 7.00, a P/E/G ratio of 0.47 and a beta of 1.32. PagSeguro Digital Ltd. has a twelve month low of $7.74 and a twelve month high of $12.32. The company’s fifty day moving average is $9.08 and its 200 day moving average is $9.93.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Wednesday, May 13th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%.The company had revenue of $642.01 million for the quarter, compared to the consensus estimate of $952.64 million. As a group, equities analysts anticipate that PagSeguro Digital Ltd. will post 1.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PagSeguro Digital

Several institutional investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC grew its position in shares of PagSeguro Digital by 29.9% during the 1st quarter. Intech Investment Management LLC now owns 150,945 shares of the company’s stock worth $1,152,000 after buying an additional 34,787 shares during the period. Hsbc Holdings PLC lifted its position in shares of PagSeguro Digital by 41.9% during the 2nd quarter. Hsbc Holdings PLC now owns 44,955 shares of the company’s stock valued at $433,000 after acquiring an additional 13,279 shares during the period. Norges Bank bought a new position in PagSeguro Digital during the second quarter worth $529,000. First Trust Advisors LP grew its holdings in PagSeguro Digital by 9.7% in the second quarter. First Trust Advisors LP now owns 23,684 shares of the company’s stock worth $228,000 after purchasing an additional 2,098 shares during the period. Finally, Amundi grew its holdings in PagSeguro Digital by 48.7% in the second quarter. Amundi now owns 25,946 shares of the company’s stock worth $244,000 after purchasing an additional 8,500 shares during the period. 45.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group reduced their target price on PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating on the stock in a report on Friday, July 17th. Wall Street Zen lowered shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Autonomous Res cut shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. lowered their target price on shares of PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Finally, Weiss Ratings lowered shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.