PagSeguro Digital Ltd. (NYSE:PAGS – Get Free Report) Director Alexandre Magnani sold 47,100 shares of the firm’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $11.22, for a total value of $528,462.00. Following the transaction, the director owned 107,390 shares of the company’s stock, valued at $1,204,915.80. This trade represents a 30.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Alexandre Mr Magnani also recently made the following trade(s):
- On Monday, October 19th, Alexandre Magnani sold 16,209 shares of PagSeguro Digital stock. The shares were sold at an average price of $11.18, for a total value of $181,216.62.
- 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 shares were sold at an average price of $10.95, for a total transaction of $3,285,000.00.
- On Wednesday, October 7th, Alexandre Magnani sold 100,000 shares of PagSeguro Digital stock. The shares were sold at an average price of $10.60, for a total transaction of $1,060,000.00.
PagSeguro Digital Price Performance
Shares of NYSE PAGS opened at $11.44 on Friday. PagSeguro Digital Ltd. has a 1-year low of $8.42 and a 1-year high of $12.32. The business has a 50-day moving average of $9.78 and a 200-day moving average of $9.58. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 0.45 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, 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 company had revenue of $942.97 million for the quarter, compared to the consensus estimate of $1 billion. Research analysts expect that PagSeguro Digital Ltd. will post 1.65 EPS for the current fiscal year.
PagSeguro Digital Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid 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 of this dividend was Wednesday, September 16th. PagSeguro Digital’s dividend payout ratio (DPR) is currently 78.32%.
Institutional Trading of PagSeguro Digital
Hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. increased its holdings in shares of PagSeguro Digital by 38.1% during the third quarter. SBI Securities Co. Ltd. now owns 4,471 shares of the company’s stock valued at $40,000 after acquiring an additional 1,233 shares in the last quarter. DGS Capital Management LLC grew its holdings in shares of PagSeguro Digital by 8.7% during the fourth quarter. DGS Capital Management LLC now owns 15,814 shares of the company’s stock valued at $152,000 after buying an additional 1,271 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of PagSeguro Digital by 77.0% in the 4th 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 during the period. First Trust Advisors LP lifted its position in PagSeguro Digital by 10.9% during the 1st quarter. First Trust Advisors LP now owns 18,678 shares of the company’s stock worth $187,000 after acquiring an additional 1,835 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of PagSeguro Digital by 3.7% in the first quarter. Royal Bank of Canada now owns 56,092 shares of the company’s stock valued at $562,000 after purchasing an additional 1,998 shares during the period. Institutional investors own 45.88% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on PAGS. 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. Jefferies Financial Group started coverage on shares of PagSeguro Digital in a research report on Thursday, July 23rd. They issued a “hold” rating and a $10.40 price objective for the company. UBS Group dropped their price objective on PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Finally, Bank of America downgraded PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research note on Wednesday, July 15th. 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.com, PagSeguro Digital presently has an average rating of “Hold” and a consensus price target of $11.08.
View Our Latest Analysis on PagSeguro Digital
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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