PagSeguro Digital Ltd. (NYSE:PAGS – Get Free Report) Director Alexandre Magnani sold 16,209 shares of PagSeguro Digital stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $11.18, for a total value of $181,216.62. Following the completion of the sale, the director directly owned 154,490 shares in the company, valued at $1,727,198.20. This represents a 9.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Alexandre Mr Magnani also recently made the following trade(s):
- On Tuesday, October 20th, Alexandre Magnani sold 47,100 shares of PagSeguro Digital stock. The shares were sold at an average price of $11.22, for a total value of $528,462.00.
- On Friday, October 16th, Alexandre Magnani sold 1,014 shares of PagSeguro Digital stock. The stock was sold at an average price of $11.18, for a total value of $11,336.52.
- 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
Shares of PagSeguro Digital stock opened at $11.44 on Thursday. The business’s 50 day simple moving average is $9.68 and its 200 day simple moving average is $9.56. PagSeguro Digital Ltd. has a 52-week low of $8.42 and a 52-week high of $12.32. The firm has a market cap of $3.20 billion, a PE ratio of 8.00, a P/E/G ratio of 0.47 and a beta of 1.27.
PagSeguro Digital (NYSE:PAGS – Get Free Report) last released its 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 return on equity of 16.36% and a net margin of 10.46%. The firm had revenue of $942.97 million for the quarter, compared to analysts’ expectations of $1 billion. As a group, equities research analysts predict that PagSeguro Digital Ltd. will post 1.65 EPS for the current year.
PagSeguro Digital Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 9.8%. This is a boost from PagSeguro Digital’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, September 16th. PagSeguro Digital’s dividend payout ratio is 78.32%.
Analyst Ratings Changes
A number of analysts have recently commented on PAGS shares. Bank of America lowered 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 report on Wednesday, July 15th. Weiss Ratings raised shares of PagSeguro Digital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. 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 research note on Tuesday, September 29th. Finally, 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 target on the stock. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.08.
View Our Latest Report on PAGS
Institutional Investors Weigh In On PagSeguro Digital
Hedge funds have recently bought and sold shares of the company. DGS Capital Management LLC lifted its stake in PagSeguro Digital by 8.7% in the 4th quarter. DGS Capital Management LLC now owns 15,814 shares of the company’s stock valued at $152,000 after purchasing an additional 1,271 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in PagSeguro Digital by 77.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock worth $40,000 after buying an additional 1,821 shares during the last quarter. First Trust Advisors LP increased its position in PagSeguro Digital by 10.9% during the first quarter. First Trust Advisors LP now owns 18,678 shares of the company’s stock worth $187,000 after buying an additional 1,835 shares during the last quarter. Royal Bank of Canada increased its position in PagSeguro Digital by 3.7% during the first quarter. Royal Bank of Canada now owns 56,092 shares of the company’s stock worth $562,000 after buying an additional 1,998 shares during the last quarter. Finally, Amundi increased its position in PagSeguro Digital by 6.0% during the first quarter. Amundi now owns 54,586 shares of the company’s stock worth $547,000 after buying an additional 3,067 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.
About PagSeguro Digital
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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