Insider Buying: PagSeguro Digital (NYSE:PAGS) Director Buys 498,500 Shares of Stock

PagSeguro Digital Ltd. (NYSE:PAGS) Director Luis Frias bought 498,500 shares of the company’s stock in a transaction that occurred on Friday, March 27th. The stock was purchased 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 $26,629,105.80. The trade was a 22.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

PagSeguro Digital Trading Down 0.8%

NYSE PAGS traded down $0.08 on Thursday, hitting $10.45. 571,562 shares of the company’s stock traded hands, compared to its average volume of 4,065,175. The firm’s 50-day moving average price is $10.52 and its two-hundred day moving average price is $10.03. The firm has a market capitalization of $3.44 billion, a PE 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.

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

PagSeguro Digital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, April 22nd will be issued 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 dividend payout ratio (DPR) is 10.94%.

Hedge Funds Weigh In On PagSeguro Digital

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its holdings in 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 purchasing an additional 1,821 shares during the period. GAMMA Investing LLC increased its position in shares of PagSeguro Digital by 37.0% in the fourth quarter. GAMMA Investing LLC now owns 4,626 shares of the company’s stock valued at $45,000 after buying an additional 1,249 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of PagSeguro Digital during the 4th quarter worth approximately $45,000. Farther Finance Advisors LLC purchased a new position in shares of PagSeguro Digital during the 3rd quarter valued at approximately $46,000. Finally, Versant Capital Management Inc lifted its position in shares of PagSeguro Digital by 114.1% during the 3rd quarter. Versant Capital Management Inc now owns 5,156 shares of the company’s stock valued at $52,000 after buying an additional 2,748 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

Analyst Ratings Changes

PAGS has been the topic of several recent research reports. UBS Group upped their price objective on 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 shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of PagSeguro Digital in a report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, PagSeguro Digital has an average rating of “Moderate Buy” and an average target price 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.