Insider Buying: PagSeguro Digital (NYSE:PAGS) Director Purchases $4,965,060.00 in 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 shares were bought at an average price of $9.96 per share, with a total value 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

PagSeguro Digital Stock Performance

Shares of NYSE PAGS opened at $10.35 on Friday. The company has a market cap of $3.41 billion, a P/E ratio of 8.08, a P/E/G ratio of 0.42 and a beta of 1.42. PagSeguro Digital Ltd. has a 52-week low of $7.36 and a 52-week high of $12.32. The firm’s fifty day moving average is $10.50 and its two-hundred day moving average is $10.03.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings data on Wednesday, March 4th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. PagSeguro Digital had a net margin of 10.37% and a return on equity of 16.20%. The business had revenue of $991.79 million during the quarter, compared to the consensus estimate of $1.03 billion. As a group, analysts forecast that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, April 22nd will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $1.04 dividend on an annualized basis and a yield of 10.1%. PagSeguro Digital’s dividend payout ratio is presently 81.25%.

Wall Street Analyst Weigh In

PAGS has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PagSeguro Digital in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, UBS Group boosted their price target on shares of PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $11.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Intech Investment Management LLC raised its position in PagSeguro Digital by 29.9% during the first quarter. Intech Investment Management LLC now owns 150,945 shares of the company’s stock valued at $1,152,000 after purchasing an additional 34,787 shares during the period. JPMorgan Chase & Co. increased its position in shares of PagSeguro Digital by 15.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,718,588 shares of the company’s stock valued at $16,567,000 after purchasing an additional 228,633 shares during the last quarter. Franklin Resources Inc. increased its position in shares of PagSeguro Digital by 263.6% during the 2nd quarter. Franklin Resources Inc. now owns 390,372 shares of the company’s stock valued at $3,763,000 after purchasing an additional 283,013 shares during the last quarter. Rhumbline Advisers raised its holdings in PagSeguro Digital by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 275,244 shares of the company’s stock valued at $2,653,000 after buying an additional 1,367 shares during the period. Finally, American Century Companies Inc. raised its holdings in PagSeguro Digital by 59.2% during the 2nd quarter. American Century Companies Inc. now owns 490,596 shares of the company’s stock valued at $4,729,000 after buying an additional 182,407 shares during the period. Hedge funds and other institutional investors own 45.88% of the company’s stock.

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.