PagSeguro Digital (NYSE:PAGS) Director Sells $311,970.42 in Stock

PagSeguro Digital Ltd. (NYSE:PAGS) Director Alexandre Magnani sold 27,294 shares of PagSeguro Digital 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 transaction, the director directly owned 57,390 shares in the company, valued at approximately $655,967.70. This represents a 32.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, October 22nd, Alexandre Magnani sold 22,706 shares of PagSeguro Digital stock. The shares were sold at an average price of $11.30, for a total transaction of $256,577.80.
• 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 value of $528,462.00.
• On Monday, October 19th, Alexandre Magnani sold 16,209 shares of PagSeguro Digital stock. The stock was sold at an average price of $11.18, for a total value of $181,216.62.
• On Friday, October 16th, Alexandre Magnani sold 1,014 shares of PagSeguro Digital stock. The stock was 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 shares were sold at an average price of $10.60, for a total transaction of $1,060,000.00.

PagSeguro Digital Price Performance

Shares of PagSeguro Digital stock traded down $2.88 on Monday, reaching $8.56. 18,513,291 shares of the company traded hands, compared to its average volume of 4,801,492. The company has a 50 day moving average of $9.76 and a 200 day moving average of $9.85. PagSeguro Digital Ltd. has a 52 week low of $7.50 and a 52 week high of $12.32. The firm has a market capitalization of $2.39 billion, a PE ratio of 5.99, a PEG ratio of 0.46 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 analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $942.97 million for the quarter, compared to analysts’ expectations of $1 billion. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. As a group, analysts anticipate that PagSeguro Digital Ltd. will post 1.65 earnings per share for the current year.

PagSeguro Digital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 13.1%. 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 currently 78.32%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PAGS. Lazard Asset Management LLC raised its holdings in PagSeguro Digital by 101.7% in the first quarter. Lazard Asset Management LLC now owns 1,986,771 shares of the company’s stock worth $19,907,000 after purchasing an additional 1,001,581 shares in the last quarter. Absolute Gestao de Investimentos Ltda. lifted its position in PagSeguro Digital by 224.2% during 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 buying an additional 812,641 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of PagSeguro Digital during the 2nd quarter valued at $4,407,000. Sei Investments Co. boosted its holdings in shares of PagSeguro Digital by 168.5% during the 1st quarter. Sei Investments Co. now owns 611,057 shares of the company’s stock valued at $6,123,000 after buying an additional 383,452 shares in the last quarter. Finally, SEB Asset Management AB bought a new stake in shares of PagSeguro Digital during the 1st quarter valued at $2,827,000. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Company Profile

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.