Traders Buy High Volume of PagSeguro Digital Call Options (NYSE:PAGS)

PagSeguro Digital Ltd. (NYSE:PAGS) was the target of some unusual options trading on Tuesday. Stock traders acquired 12,732 call options on the stock. This is an increase of 605% compared to the average volume of 1,807 call options.

Insider Activity

In other news, Director Alexandre Mr Magnani sold 200,000 shares of PagSeguro Digital stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $11.26, for a total value of $2,252,000.00. Following the transaction, the director directly owned 607,390 shares of the company’s stock, valued at $6,839,211.40. The trade was a 24.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Luis Frias acquired 498,500 shares of PagSeguro Digital stock in a transaction dated Friday, March 27th. The stock was purchased at an average cost of $9.96 per share, for a total transaction of $4,965,060.00. Following the completion of the purchase, the director directly owned 2,673,605 shares in the company, valued at approximately $26,629,105.80. This represents a 22.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Unison Advisors LLC raised its position in shares of PagSeguro Digital by 1.3% during the 4th quarter. Unison Advisors LLC now owns 75,921 shares of the company’s stock valued at $732,000 after acquiring an additional 995 shares in the last quarter. CWM LLC boosted its holdings in PagSeguro Digital by 29.0% in the third quarter. CWM LLC now owns 5,255 shares of the company’s stock worth $53,000 after purchasing an additional 1,182 shares during the period. GAMMA Investing LLC boosted its holdings in PagSeguro Digital by 37.0% in the fourth quarter. GAMMA Investing LLC now owns 4,626 shares of the company’s stock worth $45,000 after purchasing an additional 1,249 shares during the period. DGS Capital Management LLC boosted its holdings in PagSeguro Digital by 8.7% in the fourth quarter. DGS Capital Management LLC now owns 15,814 shares of the company’s stock worth $152,000 after purchasing an additional 1,271 shares during the period. Finally, Mariner LLC boosted its holdings in PagSeguro Digital by 6.0% in the fourth quarter. Mariner LLC now owns 26,406 shares of the company’s stock worth $255,000 after purchasing an additional 1,488 shares during the period. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Stock Down 2.5%

PAGS stock opened at $9.86 on Thursday. PagSeguro Digital has a 52-week low of $7.74 and a 52-week high of $12.32. The stock’s 50 day moving average is $10.35 and its two-hundred day moving average is $10.14. The company has a market capitalization of $3.25 billion, a PE ratio of 7.70, a P/E/G ratio of 0.41 and a beta of 1.42.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Wednesday, March 4th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. PagSeguro Digital had a return on equity of 16.20% and a net margin of 10.37%.The company had revenue of $991.79 million for the quarter, compared to the consensus estimate of $1.03 billion. As a group, sell-side analysts anticipate that PagSeguro Digital will post 1.66 EPS for the current year.

PagSeguro Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, April 22nd will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $1.04 annualized dividend and a yield of 10.5%. PagSeguro Digital’s dividend payout ratio is presently 81.25%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of PagSeguro Digital in a report on Thursday, January 22nd. JPMorgan Chase & Co. dropped their target price on PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. UBS Group raised their target price on PagSeguro Digital from $13.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, Wall Street Zen downgraded PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, PagSeguro Digital has an average rating of “Hold” and an average price target of $12.00.

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.