Insider Selling: PagSeguro Digital (NYSE:PAGS) Director Sells $181,216.62 in Stock

PagSeguro Digital Ltd. (NYSE:PAGS) Director Alexandre Magnani sold 16,209 shares of the stock in a transaction on Monday, October 19th. The stock was sold at an average price of $11.18, for a total value of $181,216.62. Following the completion of the sale, the director owned 154,490 shares in the company, valued at $1,727,198.20. This trade represents a 9.50% decrease in their position. The sale 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 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 value of $528,462.00.
• On Friday, October 16th, Alexandre Magnani sold 1,014 shares of PagSeguro Digital stock. The stock was sold at an average price of $11.18, for a total value of $11,336.52.
• 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 Friday, October 9th, Alexandre Magnani sold 300,000 shares of PagSeguro Digital stock. The stock was 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 Trading Up 1.4%

Shares of PAGS opened at $11.44 on Friday. The company has a market cap of $3.20 billion, a PE ratio of 8.00, a price-to-earnings-growth ratio of 0.45 and a beta of 1.27. The stock has a 50-day moving average price of $9.78 and a 200-day moving average price of $9.58. PagSeguro Digital Ltd. has a 12-month low of $8.42 and a 12-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. The company had revenue of $942.97 million for the quarter, compared to analysts’ expectations of $1 billion. PagSeguro Digital had a net margin of 10.46% and a return on equity of 16.36%. As a group, analysts predict that PagSeguro Digital Ltd. will post 1.65 earnings per share for the current 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. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $1.12 dividend on an annualized basis and a yield of 9.8%. This is a boost from PagSeguro Digital’s previous quarterly dividend of $0.26. PagSeguro Digital’s dividend payout ratio is presently 78.32%.

Analyst Upgrades and Downgrades

PAGS has been the topic of several research reports. Jefferies Financial Group initiated coverage on shares of PagSeguro Digital in a research report on Thursday, July 23rd. They set a “hold” rating and a $10.40 price objective 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 objective for the company. in a report on Wednesday, July 15th. UBS Group cut their target price 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. Finally, Weiss Ratings raised PagSeguro Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.08.

Hedge Funds Weigh In On PagSeguro Digital

A number of large investors have recently bought and sold shares of the stock. Signaturefd LLC raised its stake in shares of PagSeguro Digital by 83.9% during the third quarter. Signaturefd LLC now owns 11,121 shares of the company’s stock valued at $99,000 after acquiring an additional 5,074 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of PagSeguro Digital by 38.1% during the third quarter. SBI Securities Co. Ltd. now owns 4,471 shares of the company’s stock worth $40,000 after purchasing an additional 1,233 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of PagSeguro Digital by 849.1% during the third quarter. Nisa Investment Advisors LLC now owns 21,536 shares of the company’s stock worth $192,000 after purchasing an additional 19,267 shares during the period. CWA Asset Management Group LLC boosted its holdings in shares of PagSeguro Digital by 62.4% during the third quarter. CWA Asset Management Group LLC now owns 223,004 shares of the company’s stock worth $1,985,000 after purchasing an additional 85,644 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in shares of PagSeguro Digital in the second quarter worth about $172,000. 45.88% of the stock is owned by hedge funds and other institutional investors.

PagSeguro Digital Company Profile

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.