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

PagSeguro Digital Ltd. (NYSE:PAGS) Director Alexandre Magnani sold 300,000 shares of PagSeguro Digital stock in a transaction dated 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 directly owned 207,390 shares in the company, valued at approximately $2,270,920.50. This trade represents a 59.13% decrease in their position. The transaction was disclosed in a filing 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 Magnani sold 35,677 shares of PagSeguro Digital stock. The shares were sold at an average price of $11.20, for a total value of $399,582.40.
• 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 value of $1,060,000.00.

PagSeguro Digital Price Performance

NYSE PAGS opened at $11.09 on Friday. The company has a 50 day simple moving average of $9.49 and a 200-day simple moving average of $9.53. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 7.76, a price-to-earnings-growth ratio of 0.43 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) last posted 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 analysts’ expectations of $1 billion. On average, analysts predict that PagSeguro Digital Ltd. will post 1.65 EPS for the current year.

PagSeguro Digital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date was Wednesday, September 16th. This is a positive change from PagSeguro Digital’s previous quarterly dividend of $0.26. PagSeguro Digital’s payout ratio is currently 78.32%.

Institutional Trading of PagSeguro Digital

Large investors have recently modified their holdings of the company. Lazard Asset Management LLC raised its holdings in PagSeguro Digital by 101.7% in the 1st quarter. Lazard Asset Management LLC now owns 1,986,771 shares of the company’s stock worth $19,907,000 after acquiring an additional 1,001,581 shares during the period. Absolute Gestao de Investimentos Ltda. lifted its position in PagSeguro Digital by 224.2% during the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 1,175,125 shares of the company’s stock worth $11,775,000 after acquiring an additional 812,641 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in PagSeguro Digital during the 2nd quarter worth $4,407,000. Sei Investments Co. lifted its position in PagSeguro Digital by 168.5% during the 1st quarter. Sei Investments Co. now owns 611,057 shares of the company’s stock worth $6,123,000 after acquiring an additional 383,452 shares during the last quarter. Finally, SEB Asset Management AB acquired a new position in PagSeguro Digital during the 1st quarter worth $2,827,000. 45.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

About PagSeguro Digital

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.