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

PagSeguro Digital Ltd. (NYSE:PAGS) Director Alexandre Magnani sold 1,014 shares of the company’s stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $11.18, for a total transaction of $11,336.52. Following the completion of the transaction, the director owned 170,699 shares of the company’s stock, valued at approximately $1,908,414.82. This trade represents a 0.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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 stock was sold at an average price of $11.22, for a total transaction of $528,462.00.
• 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 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 Trading Down 2.4%

Shares of PAGS opened at $11.44 on Thursday. PagSeguro Digital Ltd. has a 12 month low of $8.42 and a 12 month high of $12.32. The stock’s 50 day moving average is $9.68 and its two-hundred day moving average is $9.56. The firm has a market cap of $3.20 billion, a P/E ratio of 8.00, a PEG ratio of 0.47 and a beta of 1.27.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $942.97 million during the quarter, compared to analysts’ expectations of $1 billion. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. Equities research analysts forecast that PagSeguro Digital Ltd. will post 1.65 EPS for the current year.

PagSeguro Digital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend was Wednesday, September 16th. This is a boost from PagSeguro Digital’s previous quarterly dividend of $0.26. PagSeguro Digital’s payout ratio is presently 78.32%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. DGS Capital Management LLC lifted its holdings 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 in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in PagSeguro Digital by 77.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock worth $40,000 after purchasing an additional 1,821 shares during the last quarter. First Trust Advisors LP boosted its stake 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 purchasing an additional 1,835 shares during the last quarter. Royal Bank of Canada boosted its stake in PagSeguro Digital by 3.7% during the 1st quarter. Royal Bank of Canada now owns 56,092 shares of the company’s stock worth $562,000 after purchasing an additional 1,998 shares during the last quarter. Finally, Amundi grew its holdings in shares of 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 in the last quarter. 45.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on PAGS shares. Weiss Ratings raised shares of PagSeguro Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 13th. 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 research note on Wednesday, July 15th. Jefferies Financial Group assumed coverage on shares of PagSeguro Digital in a research note on Thursday, July 23rd. They set a “hold” rating and a $10.40 target price for the company. Finally, UBS Group reduced their price target on shares of 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, PagSeguro Digital presently has an average rating of “Hold” and a consensus target price of $11.08.

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.