PagSeguro Digital (NYSE:PAGS) Director Alexandre Mr Magnani Sells 47,100 Shares of Stock

PagSeguro Digital Ltd. (NYSE:PAGS) Director Alexandre Magnani sold 47,100 shares of PagSeguro Digital stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $11.22, for a total transaction of $528,462.00. Following the completion of the transaction, the director directly owned 107,390 shares in the company, valued at approximately $1,204,915.80. The trade was a 30.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, October 19th, Alexandre Magnani sold 16,209 shares of PagSeguro Digital stock. The shares were sold at an average price of $11.18, for a total transaction of $181,216.62.
• 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 transaction of $11,336.52.
• On Monday, October 12th, Alexandre Magnani sold 35,677 shares of PagSeguro Digital stock. The shares were sold at an average price of $11.20, for a total transaction of $399,582.40.
• On Friday, October 9th, Alexandre Magnani sold 300,000 shares of PagSeguro Digital stock. The shares were sold at an average price of $10.95, for a total transaction 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 transaction of $1,060,000.00.

PagSeguro Digital Stock Down 2.4%

Shares of PagSeguro Digital stock opened at $11.44 on Thursday. The company’s fifty day simple moving average is $9.68 and its two-hundred day simple moving average is $9.56. PagSeguro Digital Ltd. has a 12-month low of $8.42 and a 12-month high of $12.32. The firm has a market cap of $3.20 billion, a PE ratio of 8.00, a price-to-earnings-growth ratio of 0.47 and a beta of 1.27.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $942.97 million during the quarter, compared to the consensus estimate of $1 billion. PagSeguro Digital had a net margin of 10.46% and a return on equity of 16.36%. As a group, sell-side analysts expect that PagSeguro Digital Ltd. will post 1.65 earnings per share for the current fiscal year.

PagSeguro Digital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This is a boost from PagSeguro Digital’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 9.8%. PagSeguro Digital’s payout ratio is 78.32%.

Analysts Set New Price Targets

A number of research analysts have commented on PAGS shares. Jefferies Financial Group assumed coverage on PagSeguro Digital in a research report on Thursday, July 23rd. They set a “hold” rating and a $10.40 price target for the company. UBS Group dropped their price objective on PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Bank of America lowered PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a research report on Wednesday, July 15th. Finally, Weiss Ratings raised PagSeguro Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, PagSeguro Digital presently has a consensus rating of “Hold” and an average target price of $11.08.

Institutional Investors Weigh In On PagSeguro Digital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DGS Capital Management LLC raised 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 in the last quarter. Caitong International Asset Management Co. Ltd lifted its position 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 valued at $40,000 after buying an additional 1,821 shares during the period. First Trust Advisors LP boosted its holdings in shares of PagSeguro Digital by 10.9% during the 1st quarter. First Trust Advisors LP now owns 18,678 shares of the company’s stock valued at $187,000 after buying an additional 1,835 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of 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 buying an additional 1,998 shares in the last quarter. Finally, Amundi boosted its holdings in shares of 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 buying an additional 3,067 shares in the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.

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.