PagSeguro Digital (NYSE:PAGS) Stock: Insider Alexandre Mr Magnani Sells 16,209 Shares

PagSeguro Digital Ltd. (NYSE:PAGS) Director Alexandre Magnani sold 16,209 shares of the business’s stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $11.18, for a total transaction of $181,216.62. Following the completion of the transaction, the director owned 154,490 shares in the company, valued at $1,727,198.20. The trade was a 9.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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 shares were sold at an average price of $11.22, for a total transaction of $528,462.00.
• 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 transaction 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 value 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 value of $1,060,000.00.

PagSeguro Digital Price Performance

PAGS opened at $11.28 on Friday. The business has a 50 day simple moving average of $9.73 and a two-hundred day simple moving average of $9.57. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 0.46 and a beta of 1.27. PagSeguro Digital Ltd. has a one year low of $8.42 and a one year high of $12.32.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate 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%. As a group, sell-side analysts expect that PagSeguro Digital Ltd. will post 1.65 EPS for the current fiscal year.

PagSeguro Digital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued a dividend of $0.28 per share. This is a boost from PagSeguro Digital’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date was Wednesday, September 16th. PagSeguro Digital’s dividend payout ratio is currently 78.32%.

Institutional Trading of PagSeguro Digital

A number of hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. grew its position in shares of PagSeguro Digital by 38.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,471 shares of the company’s stock worth $40,000 after buying an additional 1,233 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of PagSeguro Digital by 849.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 21,536 shares of the company’s stock worth $192,000 after acquiring an additional 19,267 shares in the last quarter. CWA Asset Management Group LLC increased its stake in shares of PagSeguro Digital by 62.4% in the 3rd quarter. CWA Asset Management Group LLC now owns 223,004 shares of the company’s stock worth $1,985,000 after acquiring an additional 85,644 shares in the last quarter. WINTON GROUP Ltd purchased a new position in PagSeguro Digital during the 2nd quarter valued at about $172,000. Finally, Squarepoint Ops LLC lifted its position in PagSeguro Digital by 108.7% during the 2nd quarter. Squarepoint Ops LLC now owns 362,352 shares of the company’s stock valued at $3,279,000 after acquiring an additional 188,748 shares during the period. Institutional investors own 45.88% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. UBS Group cut their price target on shares of PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating on the stock in a report on Tuesday, September 29th. Bank of America lowered shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research note on Wednesday, July 15th. Jefferies Financial Group began coverage on shares of PagSeguro Digital in a research report on Thursday, July 23rd. They set a “hold” rating and a $10.40 price target on the stock. Finally, Weiss Ratings raised shares of PagSeguro Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.08.

PagSeguro Digital Company Profile

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.