PagSeguro Digital (NYSE:PAGS) Stock: Insider Alexandre Mr Magnani Sells 1,014 Shares

PagSeguro Digital Ltd. (NYSE:PAGS) Director Alexandre Magnani sold 1,014 shares of the stock in a transaction on Friday, October 16th. The stock was sold at an average price of $11.18, for a total value of $11,336.52. Following the completion of the transaction, the director directly owned 170,699 shares of the company’s stock, valued at approximately $1,908,414.82. The trade was a 0.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Alexandre Mr Magnani also recently made the following trade(s):

• 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 transaction 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 Stock Performance

Shares of NYSE:PAGS traded up $0.62 during trading hours on Tuesday, hitting $11.75. 3,972,612 shares of the company’s stock traded hands, compared to its average volume of 3,647,303. PagSeguro Digital Ltd. has a 52 week low of $8.42 and a 52 week high of $12.32. The company’s fifty day simple moving average is $9.57 and its two-hundred day simple moving average is $9.55. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 0.44 and a beta of 1.27.

PagSeguro Digital (NYSE:PAGS) last announced 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. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. The company had revenue of $942.97 million for the quarter, compared to analyst estimates of $1 billion. On average, analysts anticipate that PagSeguro Digital Ltd. will post 1.65 EPS for the current fiscal year.

PagSeguro Digital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 9.5%. The ex-dividend date was Wednesday, September 16th. This is a positive change from PagSeguro Digital’s previous quarterly dividend of $0.26. PagSeguro Digital’s dividend payout ratio is presently 78.32%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PAGS shares. Bank of America lowered shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a research report on Wednesday, July 15th. UBS Group lowered their price objective on shares of PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday, September 29th. Jefferies Financial Group started 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. Finally, Weiss Ratings upgraded shares of 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 issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.08.

Institutional Trading of PagSeguro Digital

Several large investors have recently modified their holdings of the company. Lazard Asset Management LLC lifted its holdings in shares of PagSeguro Digital by 101.7% during 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 holdings in shares of PagSeguro Digital by 224.2% in the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 1,175,125 shares of the company’s stock worth $11,775,000 after purchasing an additional 812,641 shares during the last quarter. Sei Investments Co. grew its holdings in shares of PagSeguro Digital by 168.5% in the 1st quarter. Sei Investments Co. now owns 611,057 shares of the company’s stock worth $6,123,000 after purchasing an additional 383,452 shares during the last quarter. Bank of America Corp DE increased its position in shares of PagSeguro Digital by 15.4% during the 1st quarter. Bank of America Corp DE now owns 479,554 shares of the company’s stock worth $4,805,000 after purchasing an additional 63,981 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of PagSeguro Digital during the 2nd quarter worth about $4,407,000. 45.88% of the stock is owned by 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.