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

PagSeguro Digital Ltd. (NYSE:PAGS) Director Alexandre Mr Magnani sold 100,000 shares of the stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $10.60, for a total transaction of $1,060,000.00. Following the transaction, the director directly owned 507,390 shares of the company’s stock, valued at approximately $5,378,334. This trade represents a 16.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

PagSeguro Digital Price Performance

Shares of PAGS opened at $11.13 on Friday. PagSeguro Digital Ltd. has a 1-year low of $8.42 and a 1-year high of $12.32. The stock has a market cap of $3.11 billion, a PE ratio of 7.79, a P/E/G ratio of 0.43 and a beta of 1.27. The firm has a 50-day simple moving average of $9.36 and a two-hundred day simple moving average of $9.50.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $942.97 million for 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 company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a $0.28 dividend. 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. This represents a $1.12 dividend on an annualized basis and a yield of 10.1%. PagSeguro Digital’s dividend payout ratio is presently 78.32%.

Institutional Investors Weigh In On PagSeguro Digital

A number of hedge funds have recently added to or reduced their stakes in PAGS. Caitong International Asset Management Co. Ltd raised its stake in shares of PagSeguro Digital by 77.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock valued at $40,000 after acquiring an additional 1,821 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in PagSeguro Digital by 86.7% in the first quarter. Meeder Asset Management Inc. now owns 10,308 shares of the company’s stock valued at $103,000 after purchasing an additional 4,786 shares during the period. Confluence Investment Management LLC acquired a new position in PagSeguro Digital during the 2nd quarter worth $125,000. DGS Capital Management LLC grew its stake in PagSeguro Digital by 8.7% during the 4th 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. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in PagSeguro Digital during the 2nd quarter worth about $156,000. 45.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on PAGS shares. 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 report on Wednesday, July 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of PagSeguro Digital in a report on Friday, September 18th. UBS Group decreased their target price on PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, September 29th. Finally, Jefferies Financial Group started 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. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.73.

About PagSeguro Digital

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.