PagSeguro Digital (NYSE:PAGS) Director Alexandre Mr Magnani Sells 47,100 Shares of Stock

Key Points

• Director Alexandre Magnani sold 47,100 PagSeguro shares at an average price of $11.22, generating $528,462 and reducing his ownership by 30.49% to 107,390 shares. He also made several other sales in October, including 300,000 shares on October 9.
• PagSeguro shares traded at $11.44, with the stock up from its 50-day and 200-day moving averages and near its 52-week high of $12.32. The company recently exceeded quarterly EPS expectations, reporting $0.41 versus a $0.39 consensus estimate, though revenue fell short of forecasts.
• The company increased its quarterly dividend to $0.28 per share, representing a 9.8% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $11.08, while institutional investors own 45.88% of the stock.

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) Director Alexandre Magnani sold 47,100 shares of PagSeguro Digital stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $11.22, for a total value of $528,462.00. Following the completion of the sale, the director owned 107,390 shares in the company, valued at approximately $1,204,915.80. The trade was a 30.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, October 19th, Alexandre Magnani sold 16,209 shares of PagSeguro Digital stock. The stock was sold at an average price of $11.18, for a total value of $181,216.62.
• 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 shares were 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 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 NYSE:PAGS traded down $0.28 during trading on Wednesday, reaching $11.44. The stock had a trading volume of 3,948,585 shares, compared to its average volume of 3,648,798. The business has a fifty day moving average price of $9.62 and a 200-day moving average price of $9.56. The stock has a market cap of $3.20 billion, a PE ratio of 8.00, a PEG ratio of 0.44 and a beta of 1.27. PagSeguro Digital Ltd. has a 1-year low of $8.42 and a 1-year high of $12.32.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.41 EPS 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 analysts' expectations of $1 billion. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. Sell-side analysts expect that PagSeguro Digital Ltd. will post 1.65 earnings per share for the current year.

PagSeguro Digital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were paid a dividend of $0.28 per share. This is a boost from PagSeguro Digital's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $1.12 annualized dividend and a yield of 9.8%. PagSeguro Digital's dividend payout ratio is presently 78.32%.

Institutional Investors Weigh In On PagSeguro Digital

A number of large investors have recently made changes to their positions in the stock. Lazard Asset Management LLC boosted its position in shares of PagSeguro Digital by 101.7% during the 1st 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 last quarter. Absolute Gestao de Investimentos Ltda. grew its holdings 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 valued at $11,775,000 after purchasing an additional 812,641 shares during the period. 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 purchasing an additional 383,452 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in PagSeguro Digital during the second quarter worth about $4,407,000. Finally, 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 purchasing an additional 63,981 shares during the last quarter. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of PagSeguro Digital from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, October 13th. 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 research note on Wednesday, July 15th. UBS Group lowered their price target 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. Finally, 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 target on the stock. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $11.08.

About PagSeguro Digital

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.

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