PagSeguro Digital (NYSE:PAGS) Stock: Insider Alexandre Mr Magnani Sells 300,000 Shares

PagSeguro Digital Ltd. (NYSE:PAGS) Director Alexandre Magnani sold 300,000 shares of PagSeguro Digital stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $10.95, for a total value of $3,285,000.00. Following the sale, the director directly owned 207,390 shares of the company’s stock, valued at $2,270,920.50. This trade represents a 59.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was 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 stock was sold at an average price of $10.60, for a total value of $1,060,000.00.

PagSeguro Digital Stock Performance

PAGS opened at $10.81 on Thursday. PagSeguro Digital Ltd. has a one year low of $8.42 and a one year high of $12.32. The company has a market cap of $3.03 billion, a P/E ratio of 7.56, a PEG ratio of 0.44 and a beta of 1.27. The business’s 50-day simple moving average is $9.45 and its 200-day simple moving average is $9.52.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results 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 for the quarter, compared to analyst estimates of $1 billion. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. As a group, analysts predict that PagSeguro Digital Ltd. will post 1.65 earnings per share for the current fiscal year.

PagSeguro Digital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were paid a $0.28 dividend. This is an increase from PagSeguro Digital’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 10.4%. The ex-dividend date was Wednesday, September 16th. PagSeguro Digital’s payout ratio is currently 78.32%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PAGS. Bank of America downgraded shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research report on Wednesday, July 15th. UBS Group lowered their target price on shares of PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Jefferies Financial Group assumed coverage on shares of PagSeguro Digital in a research report on Thursday, July 23rd. They issued a “hold” rating and a $10.40 target price on the stock. Finally, Weiss Ratings upgraded shares of PagSeguro Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.08.

Institutional Trading of PagSeguro Digital

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its holdings 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 acquiring an additional 1,821 shares during the period. Meeder Asset Management Inc. grew its position in shares of PagSeguro Digital by 86.7% during the first quarter. Meeder Asset Management Inc. now owns 10,308 shares of the company’s stock worth $103,000 after acquiring an additional 4,786 shares during the last quarter. Confluence Investment Management LLC purchased a new position in shares of PagSeguro Digital during the second quarter worth approximately $125,000. DGS Capital Management LLC grew its position in shares of PagSeguro Digital by 8.7% during the fourth quarter. DGS Capital Management LLC now owns 15,814 shares of the company’s stock worth $152,000 after acquiring an additional 1,271 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of PagSeguro Digital in the 2nd quarter valued at $156,000. Institutional investors and hedge funds own 45.88% of the company’s stock.

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.