PagSeguro Digital (NYSE:PAGS) Stock: Insider Alexandre Mr Magnani Sells 35,677 Shares

PagSeguro Digital Ltd. (NYSE:PAGS) Director Alexandre Magnani sold 35,677 shares of the company’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $11.20, for a total value of $399,582.40. Following the sale, the director owned 171,713 shares of the company’s stock, valued at approximately $1,923,185.60. This trade represents a 17.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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 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 Stock Performance

Shares of PAGS stock opened at $10.81 on Thursday. The stock’s 50 day simple moving average is $9.45 and its 200 day simple moving average is $9.52. PagSeguro Digital Ltd. has a twelve month low of $8.42 and a twelve month high of $12.32. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 0.44 and a beta of 1.27.

PagSeguro Digital (NYSE:PAGS) last posted 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 firm 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%. On average, analysts forecast that PagSeguro Digital Ltd. will post 1.65 EPS for the current fiscal year.

PagSeguro Digital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were given a $0.28 dividend. This is a positive change 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 10.4%. The ex-dividend date of this dividend was Wednesday, September 16th. PagSeguro Digital’s payout ratio is 78.32%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of PagSeguro Digital in a report on Thursday, July 23rd. They set a “hold” rating and a $10.40 price objective for the company. Weiss Ratings upgraded shares of PagSeguro Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. UBS Group dropped their target price 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. Finally, Bank of America downgraded shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a report on Wednesday, July 15th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.08.

Institutional Trading of PagSeguro Digital

Several hedge funds have recently added to or reduced their stakes in PAGS. Lazard Asset Management LLC boosted its position in shares of PagSeguro Digital by 101.7% in the first quarter. Lazard Asset Management LLC now owns 1,986,771 shares of the company’s stock valued at $19,907,000 after acquiring an additional 1,001,581 shares during the period. Absolute Gestao de Investimentos Ltda. grew its stake in shares of PagSeguro Digital by 224.2% in the first quarter. Absolute Gestao de Investimentos Ltda. now owns 1,175,125 shares of the company’s stock worth $11,775,000 after acquiring an additional 812,641 shares during the last quarter. Sei Investments Co. increased its position in PagSeguro Digital by 168.5% during the first quarter. Sei Investments Co. now owns 611,057 shares of the company’s stock worth $6,123,000 after acquiring an additional 383,452 shares during the period. Bank of America Corp DE increased its position in PagSeguro Digital by 15.4% during the first quarter. Bank of America Corp DE now owns 479,554 shares of the company’s stock worth $4,805,000 after acquiring an additional 63,981 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in PagSeguro Digital during the 2nd quarter valued at $4,407,000. Institutional investors 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.