Insider Selling: PagSeguro Digital (NYSE:PAGS) Director Sells $11,336.52 in Stock

PagSeguro Digital Ltd. (NYSE:PAGS) Director Alexandre Magnani sold 1,014 shares of PagSeguro Digital stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $11.18, for a total transaction of $11,336.52. Following the sale, the director owned 170,699 shares in the company, valued at approximately $1,908,414.82. This represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 stock was sold at an average price of $11.22, for a total transaction of $528,462.00.
• On Monday, October 19th, Alexandre Magnani sold 16,209 shares of PagSeguro Digital stock. The stock was sold at an average price of $11.18, for a total transaction of $181,216.62.
• On Monday, October 12th, Alexandre Magnani sold 35,677 shares of PagSeguro Digital stock. The shares were sold at an average price of $11.20, for a total transaction 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 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 transaction of $1,060,000.00.

PagSeguro Digital Trading Down 1.4%

Shares of NYSE:PAGS opened at $11.28 on Friday. The company has a 50 day moving average of $9.73 and a 200-day moving average of $9.57. The firm has a market cap of $3.15 billion, a P/E ratio of 7.88, a P/E/G ratio of 0.46 and a beta of 1.27. PagSeguro Digital Ltd. has a twelve month low of $8.42 and a twelve month high of $12.32.

PagSeguro Digital (NYSE:PAGS) last posted 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. PagSeguro Digital had a net margin of 10.46% and a return on equity of 16.36%. The firm had revenue of $942.97 million for the quarter, compared to analysts’ expectations of $1 billion. Equities research analysts forecast that PagSeguro Digital Ltd. will post 1.65 EPS for the current year.

PagSeguro Digital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were issued a $0.28 dividend. The ex-dividend date was Wednesday, September 16th. This is an increase 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%. PagSeguro Digital’s dividend payout ratio is currently 78.32%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PAGS. SBI Securities Co. Ltd. lifted its position in 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 in the last quarter. DGS Capital Management LLC boosted its stake in shares of PagSeguro Digital by 8.7% during the 4th quarter. DGS Capital Management LLC now owns 15,814 shares of the company’s stock valued at $152,000 after buying an additional 1,271 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of PagSeguro Digital by 77.0% during the 4th 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. First Trust Advisors LP grew its holdings in shares of PagSeguro Digital by 10.9% during the 1st quarter. First Trust Advisors LP now owns 18,678 shares of the company’s stock valued at $187,000 after acquiring an additional 1,835 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of PagSeguro Digital by 3.7% during the 1st quarter. Royal Bank of Canada now owns 56,092 shares of the company’s stock valued at $562,000 after acquiring an additional 1,998 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

Wall Street Analysts Forecast Growth

PAGS has been the topic of a number of research analyst reports. Jefferies Financial Group began coverage on PagSeguro Digital in a report on Thursday, July 23rd. They set a “hold” rating and a $10.40 price target on the stock. Bank of America downgraded PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research note on Wednesday, July 15th. UBS Group decreased their price objective on PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating for the company in a research report on Tuesday, September 29th. Finally, Weiss Ratings upgraded PagSeguro Digital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. Two equities research 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $11.08.

About PagSeguro Digital

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.