PagSeguro Digital (NYSE:PAGS) Stock: Insider Alexandre Mr Magnani Sells 100,000 Shares

PagSeguro Digital Ltd. (NYSE:PAGS) Director Alexandre Mr Magnani sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $10.60, for a total transaction of $1,060,000.00. Following the completion of the transaction, the director directly owned 507,390 shares of the company’s stock, valued at approximately $5,378,334. The trade was a 16.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

PagSeguro Digital Trading Up 4.3%

PAGS traded up $0.45 during trading hours on Friday, hitting $11.13. 4,469,280 shares of the company’s stock were exchanged, compared to its average volume of 3,656,151. PagSeguro Digital Ltd. has a 12-month low of $8.42 and a 12-month high of $12.32. The firm has a 50 day moving average of $9.33 and a 200 day moving average of $9.49. The firm has a market cap of $3.11 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 0.42 and a beta of 1.27.

PagSeguro Digital (NYSE:PAGS) last issued 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 net margin of 10.46% and a return on equity of 16.36%. The company had revenue of $942.97 million during the quarter, compared to analysts’ expectations 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 business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 10.1%. 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 payout ratio is presently 78.32%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PAGS shares. Bank of America downgraded PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research report on Wednesday, July 15th. UBS Group lowered their price target 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. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a report on Friday, September 18th. Finally, Jefferies Financial Group started coverage on shares of PagSeguro Digital in a research note on Thursday, July 23rd. They set a “hold” rating and a $10.40 target price for the company. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.73.

Institutional Trading of PagSeguro Digital

Several institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC boosted its holdings in shares of PagSeguro Digital by 101.7% in the 1st quarter. Lazard Asset Management LLC now owns 1,986,771 shares of the company’s stock valued at $19,907,000 after buying an additional 1,001,581 shares in the last quarter. Absolute Gestao de Investimentos Ltda. lifted its position in 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 valued at $11,775,000 after acquiring an additional 812,641 shares during the last quarter. Sei Investments Co. lifted its position in PagSeguro Digital by 168.5% in the first quarter. Sei Investments Co. now owns 611,057 shares of the company’s stock valued at $6,123,000 after acquiring an additional 383,452 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in PagSeguro Digital in the second quarter valued at $4,407,000. Finally, Bank of America Corp DE boosted its stake in PagSeguro Digital by 15.4% in the first quarter. Bank of America Corp DE now owns 479,554 shares of the company’s stock valued at $4,805,000 after acquiring an additional 63,981 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company’s stock.

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.