Luis Frias Acquires 498,500 Shares of PagSeguro Digital (NYSE:PAGS) Stock

PagSeguro Digital Ltd. (NYSE:PAGS) Director Luis Frias bought 498,500 shares of the company’s stock in a transaction dated Friday, March 27th. The stock was bought at an average price of $9.96 per share, for a total transaction of $4,965,060.00. Following the transaction, the director owned 2,673,605 shares of the company’s stock, valued at approximately $26,629,105.80. This trade represents a 22.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

PagSeguro Digital Stock Performance

Shares of PAGS stock traded down $0.08 on Thursday, reaching $10.45. 571,562 shares of the company were exchanged, compared to its average volume of 4,065,175. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 8.15, a P/E/G ratio of 0.40 and a beta of 1.42. PagSeguro Digital Ltd. has a 1 year low of $7.36 and a 1 year high of $12.32. The business has a 50-day moving average price of $10.52 and a 200 day moving average price of $10.03.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Wednesday, March 4th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. PagSeguro Digital had a return on equity of 16.20% and a net margin of 10.37%.The company had revenue of $991.79 million for the quarter, compared to analysts’ expectations of $1.03 billion. As a group, equities analysts anticipate that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, April 22nd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 10.0%. The ex-dividend date of this dividend is Wednesday, April 22nd. PagSeguro Digital’s payout ratio is 10.94%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Intech Investment Management LLC boosted its stake in PagSeguro Digital by 29.9% during the first quarter. Intech Investment Management LLC now owns 150,945 shares of the company’s stock worth $1,152,000 after buying an additional 34,787 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of PagSeguro Digital by 15.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,718,588 shares of the company’s stock worth $16,567,000 after acquiring an additional 228,633 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of PagSeguro Digital by 263.6% in the 2nd quarter. Franklin Resources Inc. now owns 390,372 shares of the company’s stock worth $3,763,000 after acquiring an additional 283,013 shares during the last quarter. Rhumbline Advisers boosted its position in shares of PagSeguro Digital by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 275,244 shares of the company’s stock worth $2,653,000 after purchasing an additional 1,367 shares during the period. Finally, American Century Companies Inc. increased its holdings in PagSeguro Digital by 59.2% in the 2nd quarter. American Century Companies Inc. now owns 490,596 shares of the company’s stock valued at $4,729,000 after purchasing an additional 182,407 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PAGS. UBS Group boosted their price target on shares of PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Wall Street Zen cut PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PagSeguro Digital in a report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.86.

About PagSeguro Digital

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.