PagSeguro Digital (NYSE:PAGS) Director Sells 22,706 Shares of Company Stock

Key Points

• PagSeguro director Alexandre Magnani sold 22,706 shares at an average price of $11.30, generating $256,577.80 and reducing his position by 21.14% to 84,684 shares.
• Magnani has conducted several additional sales in October, including 300,000 shares on October 9 and 100,000 shares on October 7, indicating substantial recent insider selling.
• PagSeguro shares fell to $8.56, while analysts maintained an overall “Hold” rating with an average price target of $11.08; the company recently beat quarterly EPS estimates and increased its quarterly dividend to $0.28.

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) Director Alexandre Magnani sold 22,706 shares of the business's stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $11.30, for a total transaction of $256,577.80. Following the transaction, the director owned 84,684 shares in the company, valued at approximately $956,929.20. The trade was a 21.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, October 23rd, Alexandre Magnani sold 27,294 shares of PagSeguro Digital stock. The shares were sold at an average price of $11.43, for a total transaction of $311,970.42.
• 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 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 stock was sold at an average price of $10.60, for a total value of $1,060,000.00.

PagSeguro Digital Price Performance

Shares of NYSE PAGS traded down $2.88 during trading hours on Monday, reaching $8.56. The stock had a trading volume of 18,513,291 shares, compared to its average volume of 4,801,492. The business's fifty day moving average is $9.76 and its two-hundred day moving average is $9.85. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 5.99, a PEG ratio of 0.46 and a beta of 1.27. PagSeguro Digital Ltd. has a twelve month low of $7.50 and a twelve month high of $12.32.

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

PagSeguro Digital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were paid a $0.28 dividend. 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 yield of 13.1%. PagSeguro Digital's payout ratio is presently 78.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Weiss Ratings upgraded PagSeguro Digital from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, October 13th. UBS Group cut their target price on PagSeguro Digital from $12.50 to $11.00 and set a "buy" rating for the company in a research report on Tuesday, September 29th. Jefferies Financial Group initiated coverage on PagSeguro Digital in a research note on Thursday, July 23rd. They issued a "hold" rating and a $10.40 price target on the stock. Finally, Bank of America cut PagSeguro Digital from a "buy" rating to a "neutral" rating and set a $10.00 price target on the stock. in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $11.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new stake in PagSeguro Digital during the 2nd quarter worth approximately $1,507,000. Squarepoint Ops LLC increased its holdings in PagSeguro Digital by 108.7% during the 2nd quarter. Squarepoint Ops LLC now owns 362,352 shares of the company's stock valued at $3,279,000 after purchasing an additional 188,748 shares in the last quarter. Bank of New York Mellon Corp bought a new position in PagSeguro Digital in the 2nd quarter valued at $4,407,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in PagSeguro Digital in the 1st quarter valued at $1,987,000. Finally, CWA Asset Management Group LLC raised its position in PagSeguro Digital by 62.4% in the 3rd quarter. CWA Asset Management Group LLC now owns 223,004 shares of the company's stock valued at $1,985,000 after purchasing an additional 85,644 shares during the last quarter. 45.88% of the stock is owned by institutional investors and hedge funds.

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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