PagSeguro Digital (NYSE:PAGS) Share Price Breaks Below 200-Day Moving Average Following Insider Selling

PagSeguro Digital Ltd. (NYSE:PAGS)’s stock price crossed below its two hundred day moving average during trading on Monday following insider selling activity. The stock has a two hundred day moving average of $9.85 and traded as low as $7.50. PagSeguro Digital shares last traded at $8.5590, with a volume of 18,513,291 shares traded.

Specifically, Director Alexandre Magnani sold 27,294 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $11.43, for a total value of $311,970.42. Following the completion of the sale, the director directly owned 57,390 shares of the company’s stock, valued at $655,967.70. This trade represents a 32.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexandre Magnani sold 22,706 shares of the company’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $11.30, for a total value of $256,577.80. Following the transaction, the director directly owned 84,684 shares in the company, valued at $956,929.20. This represents a 21.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In other news, Director Alexandre Magnani sold 47,100 shares of the company’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $11.22, for a total transaction of $528,462.00. Following the transaction, the director directly owned 107,390 shares of the company’s stock, valued at $1,204,915.80. This represents a 30.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Wall Street Analyst Weigh In

PAGS has been the subject of a number of research analyst reports. Bank of America cut shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a report on Wednesday, July 15th. 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 on the stock. Weiss Ratings raised PagSeguro Digital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. Finally, UBS Group reduced their price objective on shares of PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, September 29th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, PagSeguro Digital currently has an average rating of “Hold” and an average target price of $11.08.

PagSeguro Digital Price Performance

The business’s 50-day moving average price is $9.76 and its two-hundred day moving average price is $9.85. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 5.99, a P/E/G ratio of 0.46 and a beta of 1.27.

PagSeguro Digital (NYSE:PAGS) last issued 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 return on equity of 16.36% and a net margin of 10.46%. The company had revenue of $942.97 million during the quarter, compared to analyst estimates of $1 billion. Equities analysts predict that PagSeguro Digital Ltd. will post 1.65 earnings per share for the current fiscal year.

PagSeguro Digital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This is a positive change from PagSeguro Digital’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 13.1%. PagSeguro Digital’s dividend payout ratio (DPR) is currently 78.32%.

Institutional Investors Weigh In On PagSeguro Digital

A number of institutional investors have recently added to or reduced their stakes in PAGS. Public Employees Retirement System of Ohio purchased a new position in PagSeguro Digital during the 2nd quarter worth approximately $1,507,000. Squarepoint Ops LLC increased its stake in shares of PagSeguro Digital by 108.7% in the second 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 period. Bank of New York Mellon Corp acquired a new stake in PagSeguro Digital in the 2nd quarter worth $4,407,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in PagSeguro Digital in the first quarter worth $1,987,000. Finally, CWA Asset Management Group LLC boosted its holdings in PagSeguro Digital by 62.4% during the third quarter. CWA Asset Management Group LLC now owns 223,004 shares of the company’s stock valued at $1,985,000 after purchasing an additional 85,644 shares in the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.

About PagSeguro Digital

PagSeguro Digital Ltd., operating under the PagBank brand, is a Brazilian financial technology company that provides payment and banking services to small and medium-sized businesses, independent professionals, and consumers. The company is part of the Universo Online (UOL) group and serves customers primarily in Brazil.

PagSeguro offers point-of-sale payment terminals and mobile payment solutions that allow merchants to accept credit, debit, contactless, and other electronic payments.