Insider Selling: PagSeguro Digital (NYSE:PAGS) Insider Sells 25,000 Shares

PagSeguro Digital Ltd. (NYSE:PAGS) insider Da Silva Ricardo Dutra sold 25,000 shares of PagSeguro Digital stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $9.24, for a total transaction of $231,000.00. Following the completion of the sale, the insider owned 25,000 shares of the company’s stock, valued at $231,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PagSeguro Digital Stock Up 1.5%

Shares of NYSE PAGS traded up $0.14 during midday trading on Tuesday, reaching $9.53. 726,023 shares of the company were exchanged, compared to its average volume of 3,715,545. The stock’s 50-day moving average price is $9.06 and its 200-day moving average price is $9.93. The stock has a market cap of $2.66 billion, a P/E ratio of 7.01, a PEG ratio of 0.45 and a beta of 1.32. PagSeguro Digital Ltd. has a one year low of $7.74 and a one year high of $12.32.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Wednesday, May 13th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%.The firm had revenue of $642.01 million during the quarter, compared to analyst estimates of $952.64 million. On average, equities research analysts anticipate that PagSeguro Digital Ltd. will post 1.69 EPS for the current year.

Analyst Ratings Changes

PAGS has been the subject of a number of research reports. Autonomous Res cut shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Jefferies Financial Group began coverage on shares of PagSeguro Digital in a research report on Thursday, July 23rd. They set a “hold” rating and a $10.40 price objective on the stock. JPMorgan Chase & Co. reduced their target price on PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Weiss Ratings downgraded PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Finally, Wall Street Zen lowered PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, PagSeguro Digital has an average rating of “Hold” and a consensus target price of $10.98.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Confluence Investment Management LLC bought a new stake in shares of PagSeguro Digital during the second quarter worth about $125,000. Bank of America Corp DE lifted its position in PagSeguro Digital by 15.4% in the 1st 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. Amundi boosted its stake in PagSeguro Digital by 6.0% during the 1st quarter. Amundi now owns 54,586 shares of the company’s stock valued at $547,000 after purchasing an additional 3,067 shares during the last quarter. Royal Bank of Canada boosted its stake in PagSeguro Digital by 3.7% during the 1st quarter. Royal Bank of Canada now owns 56,092 shares of the company’s stock valued at $562,000 after purchasing an additional 1,998 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in PagSeguro Digital by 25.1% during the 1st quarter. Quantinno Capital Management LP now owns 103,994 shares of the company’s stock worth $1,042,000 after purchasing an additional 20,893 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. 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.