PagSeguro Digital (NYSE:PAGS) Stock: Insider Alexandre Mr Magnani Sells 300,000 Shares

Key Points

• Director Alexandre Mr. Magnani sold 300,000 PagSeguro shares at an average price of $10.95, generating $3.285 million and reducing his stake by 59.13% to 207,390 shares. He also sold 135,677 additional shares in two other recent transactions.
• PagSeguro shares were trading at $11.09, with a market capitalization of approximately $3.1 billion. The company reported quarterly EPS of $0.41, exceeding estimates, though revenue of $942.97 million fell short of consensus.
• The company increased its quarterly dividend to $0.28 per share, equivalent to an annualized $1.12 and a 10.1% yield. Analysts maintain a consensus “Hold” rating with a $10.73 target price.

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) Director Alexandre Mr Magnani sold 300,000 shares of the firm's stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $10.95, for a total transaction of $3,285,000.00. Following the sale, the director owned 207,390 shares in the company, valued at approximately $2,270,920.50. The trade was a 59.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, October 12th, Alexandre Mr 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 Wednesday, October 7th, Alexandre Mr Magnani sold 100,000 shares of PagSeguro Digital stock. The shares were sold at an average price of $10.60, for a total transaction of $1,060,000.00.

PagSeguro Digital Price Performance

Shares of NYSE:PAGS traded down $0.06 during trading hours on Tuesday, hitting $11.09. 1,530,259 shares of the company's stock traded hands, compared to its average volume of 3,647,095. The firm has a market capitalization of $3.10 billion, a P/E ratio of 7.76, a price-to-earnings-growth ratio of 0.45 and a beta of 1.27. The business has a fifty day moving average price of $9.39 and a 200-day moving average price of $9.51. 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 released its quarterly earnings data on Tuesday, August 11th. The company reported $0.41 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $1 billion. As a group, equities analysts predict that PagSeguro Digital Ltd. will post 1.65 earnings per share for the current year.

PagSeguro Digital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date of this dividend 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 78.32%.

Analyst Ratings Changes

Several research analysts recently weighed in on PAGS shares. Weiss Ratings restated a "hold (c)" rating on shares of PagSeguro Digital in a research report on Friday, September 18th. Jefferies Financial Group assumed coverage on PagSeguro Digital in a report on Thursday, July 23rd. They issued a "hold" rating and a $10.40 price objective on the stock. Bank of America lowered PagSeguro Digital from a "buy" rating to a "neutral" rating and set a $10.00 price objective for the company. in a research note on Wednesday, July 15th. Finally, UBS Group reduced their target price on PagSeguro Digital from $12.50 to $11.00 and set a "buy" rating for the company in a report on Tuesday, September 29th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, PagSeguro Digital currently has a consensus rating of "Hold" and a consensus target price of $10.73.

Hedge Funds Weigh In On PagSeguro Digital

A number of hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new position in PagSeguro Digital in the second quarter valued at about $1,507,000. Squarepoint Ops LLC boosted its position in shares of PagSeguro Digital by 108.7% in the second quarter. Squarepoint Ops LLC now owns 362,352 shares of the company's stock worth $3,279,000 after buying an additional 188,748 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of PagSeguro Digital in the second quarter valued at about $4,407,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of PagSeguro Digital in the first quarter valued at about $1,987,000. Finally, Sei Investments Co. grew its stake in shares of PagSeguro Digital by 168.5% in the first quarter. Sei Investments Co. now owns 611,057 shares of the company's stock valued at $6,123,000 after buying an additional 383,452 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company's stock.

About PagSeguro Digital

PagSeguro Digital Ltd. is a Brazilian financial technology company that operates the PagBank ecosystem. The company provides payment acceptance and digital banking services primarily to micro, small and medium-sized businesses, self-employed professionals and individual consumers in Brazil.

Its products and services include point-of-sale payment terminals, online payment processing, digital accounts, payment cards, money transfers, bill payment and other financial services. PagSeguro also offers tools designed to help merchants manage transactions and business finances through digital platforms and mobile applications.

PagSeguro was developed as part of Brazil's UOL group and became a publicly traded company on the New York Stock Exchange in 2018.

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