PagSeguro Digital (NYSE:PAGS) Director Alexandre Mr Magnani Sells 35,677 Shares of Company Stock

PagSeguro Digital Ltd. (NYSE:PAGS) Director Alexandre Magnani sold 35,677 shares of PagSeguro Digital stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $11.20, for a total transaction of $399,582.40. Following the completion of the transaction, the director directly owned 171,713 shares in the company, valued at $1,923,185.60. This trade represents a 17.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Alexandre Mr Magnani also recently made the following trade(s):

• 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 stock was 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 $10.99 on Wednesday. The business has a fifty day moving average price of $9.42 and a two-hundred day moving average price of $9.51. PagSeguro Digital Ltd. has a fifty-two week low of $8.42 and a fifty-two week high of $12.32. The stock has a market capitalization of $3.08 billion, a PE ratio of 7.69, a PEG ratio of 0.44 and a beta of 1.27.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Tuesday, August 11th. The company reported $0.41 earnings per share for the quarter, beating 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 firm had revenue of $942.97 million for the quarter, compared to the consensus estimate of $1 billion. As a group, sell-side analysts expect that PagSeguro Digital Ltd. will post 1.65 earnings per share for the current year.

PagSeguro Digital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 10.2%. 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 payout ratio is 78.32%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its stake in shares of PagSeguro Digital by 77.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock valued at $40,000 after buying an additional 1,821 shares during the period. Meeder Asset Management Inc. raised its holdings in PagSeguro Digital by 86.7% in the 1st quarter. Meeder Asset Management Inc. now owns 10,308 shares of the company’s stock valued at $103,000 after buying an additional 4,786 shares during the last quarter. Confluence Investment Management LLC bought a new position in PagSeguro Digital in the 2nd quarter valued at approximately $125,000. DGS Capital Management LLC boosted its position in PagSeguro Digital by 8.7% during the 4th quarter. DGS Capital Management LLC now owns 15,814 shares of the company’s stock worth $152,000 after buying an additional 1,271 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in PagSeguro Digital during the 2nd quarter worth approximately $156,000. 45.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on PAGS. UBS Group lowered their target price on PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating for the company in a research note on Tuesday, September 29th. Jefferies Financial Group assumed coverage on shares of PagSeguro Digital in a report on Thursday, July 23rd. They issued a “hold” rating and a $10.40 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a research note on Friday, September 18th. Finally, Bank of America lowered 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. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, PagSeguro Digital has a consensus rating of “Hold” and a consensus price target of $11.08.

PagSeguro Digital Company Profile

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.