Insider Selling: PagSeguro Digital (NYSE:PAGS) Director Sells $3,285,000.00 in Stock

PagSeguro Digital Ltd. (NYSE:PAGS) Director Alexandre Mr Magnani sold 300,000 shares of the business’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $10.95, for a total value of $3,285,000.00. Following the transaction, the director owned 207,390 shares of the company’s stock, valued at $2,270,920.50. This represents a 59.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, October 12th, Alexandre Mr 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 Wednesday, October 7th, Alexandre Mr Magnani sold 100,000 shares of PagSeguro Digital stock. The shares were sold at an average price of $10.60, for a total value of $1,060,000.00.

PagSeguro Digital Stock Performance

Shares of PAGS traded down $0.06 during midday trading on Tuesday, hitting $11.09. 1,530,259 shares of the stock traded hands, compared to its average volume of 3,647,095. PagSeguro Digital Ltd. has a 1-year low of $8.42 and a 1-year high of $12.32. The firm has a market capitalization of $3.10 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 0.45 and a beta of 1.27. The business’s 50 day moving average price is $9.39 and its two-hundred day moving average price is $9.51.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. PagSeguro Digital had a net margin of 10.46% and a return on equity of 16.36%. The business had revenue of $942.97 million during the quarter, compared to analyst estimates of $1 billion. As a group, equities research analysts forecast that PagSeguro Digital Ltd. will post 1.65 EPS for the current fiscal year.

PagSeguro Digital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 10.1%. The ex-dividend date of this dividend was Wednesday, September 16th. This is an increase from PagSeguro Digital’s previous quarterly dividend of $0.26. PagSeguro Digital’s dividend payout ratio (DPR) is presently 78.32%.

Institutional Trading of PagSeguro Digital

Several large investors have recently added to or reduced their stakes in the company. 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 valued at $152,000 after acquiring an additional 1,271 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of PagSeguro Digital by 77.0% during the 4th 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 stake 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 during the period. Royal Bank of Canada grew 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 acquiring an additional 1,998 shares in the last quarter. Finally, Amundi increased its stake in shares of PagSeguro Digital by 6.0% in the first quarter. Amundi now owns 54,586 shares of the company’s stock worth $547,000 after acquiring an additional 3,067 shares during the last quarter. 45.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PAGS shares. Bank of America cut shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a research note on Wednesday, July 15th. Jefferies Financial Group initiated coverage on shares of PagSeguro Digital in a research note on Thursday, July 23rd. They set a “hold” rating and a $10.40 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a research report on Friday, September 18th. Finally, UBS Group decreased their price objective on shares of PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Two 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.73.

PagSeguro Digital Company Profile

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.