Insider Selling: PagSeguro Digital (NYSE:PAGS) Director Sells $399,582.40 in Stock

PagSeguro Digital Ltd. (NYSE:PAGS) Director Alexandre Magnani sold 35,677 shares of PagSeguro Digital stock in a transaction on Monday, October 12th. The stock was sold at an average price of $11.20, for a total transaction of $399,582.40. Following the sale, the director owned 171,713 shares of the company’s stock, valued at $1,923,185.60. The trade was a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 shares were 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 $11.09 on Friday. The stock’s fifty day moving average price is $9.49 and its 200 day moving average price is $9.53. PagSeguro Digital Ltd. has a 1 year low of $8.42 and a 1 year high of $12.32. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 0.43 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $942.97 million during 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%. Research analysts expect that PagSeguro Digital Ltd. will post 1.65 earnings per share for the current year.

PagSeguro Digital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a $0.28 dividend. The ex-dividend date was Wednesday, September 16th. This is a positive change from PagSeguro Digital’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 10.1%. PagSeguro Digital’s dividend payout ratio (DPR) is 78.32%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAGS. WINTON GROUP Ltd purchased a new position in shares of PagSeguro Digital during the 2nd quarter valued at about $172,000. Squarepoint Ops LLC lifted its holdings in shares of PagSeguro Digital by 108.7% in the 2nd quarter. Squarepoint Ops LLC now owns 362,352 shares of the company’s stock valued at $3,279,000 after buying an additional 188,748 shares during the period. Allianz Asset Management GmbH acquired a new position in shares of PagSeguro Digital in the 2nd quarter valued at about $181,000. Corient Private Wealth LP purchased a new stake in shares of PagSeguro Digital in the second quarter worth about $278,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of PagSeguro Digital in the second quarter worth about $156,000. 45.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PAGS shares. Weiss Ratings raised PagSeguro Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Jefferies Financial Group started coverage on shares of PagSeguro Digital in a report on Thursday, July 23rd. They issued a “hold” rating and a $10.40 price target on the stock. Bank of America downgraded 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. Finally, UBS Group reduced their price target on shares of PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating for the company in a research report on Tuesday, September 29th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently 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.