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

Key Points

• Director Alexandre Magnani sold 16,209 PagSeguro shares for approximately $181,217 at an average price of $11.18, reducing his direct holdings by 9.5% to 154,490 shares. He also reported several recent sales totaling hundreds of thousands of shares.
• PagSeguro shares traded around $11.44, with a $3.20 billion market capitalization, while the stock’s 52-week range was $8.42 to $12.32. The company reported quarterly earnings of $0.41 per share, exceeding analyst expectations of $0.39, though revenue fell short of estimates.
• The company increased its quarterly dividend to $0.28 per share, representing an annualized dividend of $1.12 and a stated yield of 9.8%. Analysts maintained a consensus “Hold” rating with an average price target of $11.08.

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) Director Alexandre Magnani sold 16,209 shares of the business's stock in a transaction on Monday, October 19th. The stock was sold at an average price of $11.18, for a total transaction of $181,216.62. Following the completion of the sale, the director directly owned 154,490 shares of the company's stock, valued at approximately $1,727,198.20. The trade was 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 shares were sold at an average price of $11.22, for a total transaction of $528,462.00.
• On Friday, October 16th, Alexandre Magnani sold 1,014 shares of PagSeguro Digital stock. The shares were sold at an average price of $11.18, for a total transaction 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 transaction 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 transaction of $3,285,000.00.
• On Wednesday, October 7th, Alexandre Magnani sold 100,000 shares of PagSeguro Digital stock. The stock was sold at an average price of $10.60, for a total transaction of $1,060,000.00.

PagSeguro Digital Stock Performance

Shares of PAGS traded down $0.28 during mid-day trading on Wednesday, hitting $11.44. 3,948,585 shares of the company were exchanged, compared to its average volume of 3,648,798. PagSeguro Digital Ltd. has a 1-year low of $8.42 and a 1-year high of $12.32. The company has a 50 day moving average of $9.62 and a 200-day moving average of $9.56. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 0.44 and a beta of 1.27.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. The firm had revenue of $942.97 million for the quarter, compared to analyst estimates of $1 billion. PagSeguro Digital had a net margin of 10.46% and a return on equity of 16.36%. Research analysts anticipate that PagSeguro Digital Ltd. will post 1.65 earnings per share for the current fiscal year.

PagSeguro Digital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This is an increase 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 9.8%. PagSeguro Digital's payout ratio is currently 78.32%.

Institutional Trading of PagSeguro Digital

Hedge funds and other institutional investors have recently modified their holdings of the stock. DGS Capital Management LLC raised its holdings in shares of PagSeguro Digital by 8.7% during the 4th quarter. DGS Capital Management LLC now owns 15,814 shares of the company's stock worth $152,000 after acquiring an additional 1,271 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of PagSeguro Digital by 77.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company's stock valued at $40,000 after acquiring an additional 1,821 shares during the last quarter. First Trust Advisors LP boosted its position in shares of PagSeguro Digital by 10.9% during the 1st quarter. First Trust Advisors LP now owns 18,678 shares of the company's stock valued at $187,000 after acquiring an additional 1,835 shares during the last quarter. Royal Bank of Canada boosted its position in shares of PagSeguro Digital by 3.7% during the 1st quarter. Royal Bank of Canada now owns 56,092 shares of the company's stock valued at $562,000 after acquiring an additional 1,998 shares during the last quarter. Finally, Amundi grew its holdings in shares of PagSeguro Digital by 6.0% in the first quarter. Amundi now owns 54,586 shares of the company's stock valued at $547,000 after purchasing an additional 3,067 shares during the period. 45.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Jefferies Financial Group started coverage on PagSeguro Digital in a research report on Thursday, July 23rd. They issued a "hold" rating and a $10.40 target price on the stock. Weiss Ratings raised PagSeguro Digital from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, October 13th. Bank of America cut 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. Finally, UBS Group reduced their price objective on PagSeguro Digital from $12.50 to $11.00 and set a "buy" rating for the company in a research note on Tuesday, September 29th. 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 stock. According to data from MarketBeat, PagSeguro Digital currently 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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