Stock Traders Buy High Volume of PagSeguro Digital Call Options (NYSE:PAGS)

PagSeguro Digital Ltd. (NYSE:PAGS) was the target of unusually large options trading on Monday. Stock investors bought 5,014 call options on the company. This represents an increase of 280% compared to the typical daily volume of 1,321 call options.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PAGS. UBS Group lowered their target price on PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, September 29th. Jefferies Financial Group assumed 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 for the company. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a report on Friday, September 18th. Finally, Bank of America lowered shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, PagSeguro Digital presently has an average rating of “Hold” and an average price target of $10.73.

Insider Buying and Selling

In other PagSeguro Digital news, insider Silva Dutra sold 25,000 shares of the business’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $9.24, for a total value of $231,000.00. Following the transaction, the insider owned 25,000 shares of the company’s stock, valued at approximately $231,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of PagSeguro Digital

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC lifted its holdings in PagSeguro Digital by 101.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,986,771 shares of the company’s stock worth $19,907,000 after purchasing an additional 1,001,581 shares in the last quarter. Absolute Gestao de Investimentos Ltda. grew its holdings in PagSeguro Digital by 224.2% during the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 1,175,125 shares of the company’s stock valued at $11,775,000 after buying an additional 812,641 shares in the last quarter. Sei Investments Co. increased its position in shares of PagSeguro Digital by 168.5% during 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 during the period. Bank of America Corp DE increased its position in shares of PagSeguro Digital by 15.4% during the first quarter. Bank of America Corp DE now owns 479,554 shares of the company’s stock valued at $4,805,000 after buying an additional 63,981 shares during the period. Finally, Legal & General Group Plc increased its position in shares of PagSeguro Digital by 24.0% during the fourth quarter. Legal & General Group Plc now owns 468,145 shares of the company’s stock valued at $4,513,000 after buying an additional 90,591 shares during the period. 45.88% of the stock is currently owned by institutional investors.

PagSeguro Digital Stock Performance

Shares of PagSeguro Digital stock opened at $10.98 on Tuesday. The stock has a market capitalization of $3.07 billion, a P/E ratio of 7.68, a P/E/G ratio of 0.36 and a beta of 1.27. The stock’s 50-day simple moving average is $9.28 and its 200 day simple moving average is $9.47. PagSeguro Digital has a 52-week low of $8.42 and a 52-week high of $12.32.

PagSeguro Digital (NYSE:PAGS) 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 net margin of 10.46% and a return on equity of 16.36%. The company had revenue of $942.97 million during the quarter, compared to the consensus estimate of $1 billion. Equities research analysts forecast that PagSeguro Digital will post 1.65 EPS for the current fiscal year.

PagSeguro Digital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were issued 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 dividend yield of 10.2%. PagSeguro Digital’s dividend payout ratio is 78.32%.

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.