PagSeguro Digital (NYSE:PAGS) Director Alexandre Mr Magnani Sells 200,000 Shares

PagSeguro Digital Ltd. (NYSE:PAGS) Director Alexandre Mr Magnani sold 200,000 shares of the company’s 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. This represents a 24.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

PagSeguro Digital Price Performance

PAGS stock opened at $11.09 on Wednesday. The stock has a market capitalization of $3.65 billion, a P/E ratio of 8.66, a P/E/G ratio of 0.46 and a beta of 1.42. The business has a 50-day moving average of $10.40 and a 200-day moving average of $10.09. PagSeguro Digital Ltd. has a fifty-two week low of $7.74 and a fifty-two week high of $12.32.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Wednesday, March 4th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $991.79 million during the quarter, compared to analysts’ expectations of $1.03 billion. PagSeguro Digital had a return on equity of 16.20% and a net margin of 10.37%. Equities analysts expect that PagSeguro Digital Ltd. 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. Stockholders of record on Wednesday, April 22nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend is Wednesday, April 22nd. PagSeguro Digital’s dividend payout ratio is currently 10.94%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PAGS. Robeco Institutional Asset Management B.V. lifted its holdings in PagSeguro Digital by 108.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,610,914 shares of the company’s stock valued at $63,729,000 after purchasing an additional 3,435,211 shares during the last quarter. Maple Rock Capital Partners Inc. acquired a new stake in PagSeguro Digital during the 3rd quarter valued at $28,011,000. Jacobs Levy Equity Management Inc. lifted its holdings in PagSeguro Digital by 5,302.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,156,848 shares of the company’s stock valued at $21,568,000 after purchasing an additional 2,116,925 shares during the last quarter. Orbis Allan Gray Ltd acquired a new stake in PagSeguro Digital during the 2nd quarter valued at $20,106,000. Finally, Jain Global LLC acquired a new stake in PagSeguro Digital during the 4th quarter valued at $17,424,000. 45.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

PagSeguro Digital Company Profile

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.