PagSeguro Digital (NYSE:PAGS) Director Alexandre Mr Magnani Sells 1,014 Shares of Stock

PagSeguro Digital Ltd. (NYSE:PAGS – Get Free Report) Director Alexandre Magnani sold 1,014 shares of the company’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $11.18, for a total value of $11,336.52. Following the completion of the sale, the director owned 170,699 shares of the company’s stock, valued at $1,908,414.82. This trade represents a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, October 12th, Alexandre 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 Friday, October 9th, Alexandre Magnani sold 300,000 shares of PagSeguro Digital stock. The stock was sold at an average price of $10.95, for a total value 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 value of $1,060,000.00.

PagSeguro Digital Stock Performance

NYSE PAGS opened at $11.75 on Wednesday. The company has a market capitalization of $3.29 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 0.44 and a beta of 1.27. The business’s fifty day moving average is $9.62 and its 200 day moving average is $9.56. PagSeguro Digital Ltd. has a fifty-two week low of $8.42 and a fifty-two week high of $12.32.

PagSeguro Digital (NYSE:PAGS – Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. The business had revenue of $942.97 million during the quarter, compared to analysts’ expectations of $1 billion. On average, sell-side analysts forecast that PagSeguro Digital Ltd. will post 1.65 EPS for the current year.

PagSeguro Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 9.5%. 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 payout ratio is presently 78.32%.

Analyst Ratings Changes

Several research firms recently issued reports on PAGS. Jefferies Financial Group started coverage on shares of PagSeguro Digital in a report on Thursday, July 23rd. They issued a “hold” rating and a $10.40 target price for the company. Bank of America cut shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research note on Wednesday, July 15th. UBS Group lowered their price target on shares of PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating on the stock in a report on Tuesday, September 29th. Finally, Weiss Ratings upgraded shares of PagSeguro Digital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.08.

View Our Latest Stock Report on PagSeguro Digital

Institutional Investors Weigh In On PagSeguro Digital

A number of institutional investors have recently bought and sold shares of PAGS. Public Employees Retirement System of Ohio bought a new position in shares of PagSeguro Digital in the second quarter worth about $1,507,000. Squarepoint Ops LLC grew its position in shares of PagSeguro Digital by 108.7% during the second quarter. Squarepoint Ops LLC now owns 362,352 shares of the company’s stock worth $3,279,000 after purchasing an additional 188,748 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of PagSeguro Digital during the second quarter worth about $4,407,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of PagSeguro Digital during the first quarter worth about $1,987,000. Finally, Sei Investments Co. raised its stake in PagSeguro Digital by 168.5% during the 1st quarter. Sei Investments Co. now owns 611,057 shares of the company’s stock valued at $6,123,000 after purchasing an additional 383,452 shares during the period. Hedge funds and other institutional investors own 45.88% of the company’s stock.

About PagSeguro Digital

(Get Free Report)

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.

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