PagSeguro Digital (NYSE:PAGS) Stock: Insider Alexandre Mr Magnani Sells 27,294 Shares

PagSeguro Digital Ltd. (NYSE:PAGS) Director Alexandre Magnani sold 27,294 shares of the business’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $11.43, for a total transaction of $311,970.42. Following the sale, the director directly owned 57,390 shares in the company, valued at $655,967.70. The trade was a 32.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, October 22nd, Alexandre Magnani sold 22,706 shares of PagSeguro Digital stock. The stock was sold at an average price of $11.30, for a total transaction of $256,577.80.
• 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 shares were sold at an average price of $11.18, for a total transaction of $181,216.62.
• 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 stock was 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 stock was 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

PAGS stock traded down $2.88 on Monday, reaching $8.56. 18,513,291 shares of the company traded hands, compared to its average volume of 4,801,492. The firm has a fifty day simple moving average of $9.76 and a 200-day simple moving average of $9.85. The company has a market cap of $2.39 billion, a P/E ratio of 5.99, a price-to-earnings-growth ratio of 0.46 and a beta of 1.27. PagSeguro Digital Ltd. has a one year low of $7.50 and a one year high of $12.32.

PagSeguro Digital (NYSE:PAGS) last released its 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. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. The business had revenue of $942.97 million for the quarter, compared to the consensus estimate of $1 billion. On average, sell-side analysts forecast that PagSeguro Digital Ltd. will post 1.65 EPS for the current 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 given a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $1.12 annualized dividend and a dividend yield of 13.1%. This is a boost from PagSeguro Digital’s previous quarterly dividend of $0.26. PagSeguro Digital’s payout ratio is presently 78.32%.

Institutional Investors Weigh In On PagSeguro Digital

Institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC raised its position in PagSeguro Digital by 101.7% in the 1st quarter. Lazard Asset Management LLC now owns 1,986,771 shares of the company’s stock worth $19,907,000 after buying an additional 1,001,581 shares during the last quarter. Absolute Gestao de Investimentos Ltda. boosted its holdings in shares of 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 acquiring an additional 812,641 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of PagSeguro Digital by 168.5% during the 1st quarter. Sei Investments Co. now owns 611,057 shares of the company’s stock valued at $6,123,000 after acquiring an additional 383,452 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of PagSeguro Digital in the second quarter worth approximately $4,407,000. Finally, Bank of America Corp DE grew its stake in shares of PagSeguro Digital by 15.4% in the first quarter. Bank of America Corp DE now owns 479,554 shares of the company’s stock worth $4,805,000 after acquiring an additional 63,981 shares during the period. 45.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PAGS has been the topic of several recent analyst reports. Bank of America downgraded 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. Weiss Ratings upgraded shares of PagSeguro Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. UBS Group cut their price target on shares of PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating on the stock in a report on Tuesday, September 29th. Finally, Jefferies Financial Group began 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. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.