Insider Selling: PagSeguro Digital (NYSE:PAGS) Director Sells $399,582.40 in Stock

PagSeguro Digital Ltd. (NYSE:PAGS – Get Free Report) Director Alexandre Mr Magnani sold 35,677 shares of PagSeguro Digital stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $11.20, for a total transaction of $399,582.40. Following the completion of the sale, the director directly owned 171,713 shares of the company’s stock, valued at approximately $1,923,185.60. This trade represents a 17.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Friday, October 9th, Alexandre Mr 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 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 Trading Down 0.5%

PAGS stock traded down $0.06 during trading on Tuesday, reaching $11.09. The stock had a trading volume of 1,530,259 shares, compared to its average volume of 3,647,095. The stock’s 50 day moving average is $9.39 and its two-hundred day moving average is $9.51. The firm has a market cap of $3.10 billion, a PE ratio of 7.76, a PEG ratio of 0.45 and a beta of 1.27. PagSeguro Digital Ltd. has a 52 week low of $8.42 and a 52 week high of $12.32.

PagSeguro Digital (NYSE:PAGS – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.41 EPS for the quarter, beating 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 firm had revenue of $942.97 million during the quarter, compared to analyst estimates of $1 billion. On average, research analysts anticipate that PagSeguro Digital Ltd. will post 1.65 EPS for the current 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 given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 10.1%. This is a positive change from PagSeguro Digital’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, September 16th. PagSeguro Digital’s dividend payout ratio (DPR) is presently 78.32%.

Institutional Investors Weigh In On PagSeguro Digital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. WINTON GROUP Ltd purchased a new stake in shares of PagSeguro Digital in the second quarter worth $172,000. Squarepoint Ops LLC lifted its stake in shares of PagSeguro Digital by 108.7% during the 2nd quarter. Squarepoint Ops LLC now owns 362,352 shares of the company’s stock valued at $3,279,000 after buying an additional 188,748 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in shares of PagSeguro Digital during the 2nd quarter valued at $181,000. Corient Private Wealth LP bought a new position in PagSeguro Digital in the 2nd quarter worth $278,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in PagSeguro Digital in the 2nd quarter worth $156,000. Institutional investors own 45.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PAGS. Bank of America cut shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a report on Wednesday, July 15th. Jefferies Financial Group assumed 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 for the company. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a research note on Friday, September 18th. Finally, 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 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 assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.73.

View Our Latest Research Report on PagSeguro Digital

PagSeguro Digital Company Profile

(Get Free Report)

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.

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