PagSeguro Digital (NYSE:PAGS) Director Sells 16,209 Shares of Company Stock

PagSeguro Digital Ltd. (NYSE:PAGS) Director Alexandre Magnani sold 16,209 shares of the business’s stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $11.18, for a total transaction of $181,216.62. Following the completion of the transaction, the director owned 154,490 shares in the company, valued at $1,727,198.20. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, October 20th, Alexandre Magnani sold 47,100 shares of PagSeguro Digital stock. The shares were sold at an average price of $11.22, for a total transaction of $528,462.00.
• On Friday, October 16th, Alexandre Magnani sold 1,014 shares of PagSeguro Digital stock. The shares were sold at an average price of $11.18, for a total value of $11,336.52.
• On Monday, October 12th, Alexandre Magnani sold 35,677 shares of PagSeguro Digital stock. The stock was sold at an average price of $11.20, for a total value of $399,582.40.
• On Friday, October 9th, Alexandre Magnani sold 300,000 shares of PagSeguro Digital stock. The stock was sold at an average price of $10.95, for a total value of $3,285,000.00.
• On Wednesday, October 7th, Alexandre Magnani sold 100,000 shares of PagSeguro Digital stock. The stock was sold at an average price of $10.60, for a total value of $1,060,000.00.

PagSeguro Digital Trading Down 2.4%

PAGS stock traded down $0.28 during midday trading on Wednesday, hitting $11.44. 3,948,585 shares of the company’s stock were exchanged, compared to its average volume of 3,648,798. The business has a 50-day simple moving average of $9.62 and a two-hundred day simple moving average of $9.56. The stock has a market capitalization of $3.20 billion, a PE ratio of 8.00, a P/E/G ratio of 0.44 and a beta of 1.27. PagSeguro Digital Ltd. has a 1-year low of $8.42 and a 1-year high of $12.32.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.41 EPS for the quarter, beating 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 business had revenue of $942.97 million for the quarter, compared to analyst estimates of $1 billion. As a group, research analysts expect that PagSeguro Digital Ltd. will post 1.65 EPS for the current fiscal year.

PagSeguro Digital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 9.8%. 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. PagSeguro Digital’s dividend payout ratio is 78.32%.

Institutional Trading of PagSeguro Digital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its stake in PagSeguro Digital by 77.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock worth $40,000 after purchasing an additional 1,821 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of PagSeguro Digital by 86.7% during the first quarter. Meeder Asset Management Inc. now owns 10,308 shares of the company’s stock worth $103,000 after buying an additional 4,786 shares during the period. Confluence Investment Management LLC purchased a new position in shares of PagSeguro Digital during the second quarter worth $125,000. DGS Capital Management LLC boosted its position in shares of PagSeguro Digital by 8.7% during the fourth quarter. DGS Capital Management LLC now owns 15,814 shares of the company’s stock worth $152,000 after buying an additional 1,271 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of PagSeguro Digital in the second quarter valued at $156,000. Hedge funds and other institutional investors own 45.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PAGS. 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 report on Tuesday, September 29th. Weiss Ratings raised shares of PagSeguro Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. Jefferies Financial Group initiated coverage on shares of PagSeguro Digital in a research report on Thursday, July 23rd. They set a “hold” rating and a $10.40 price target for the company. Finally, Bank of America cut shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $11.08.

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.