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

PagSeguro Digital Ltd. (NYSE:PAGS) saw unusually large options trading on Tuesday. Traders bought 18,553 call options on the stock. This represents an increase of 1,523% compared to the average daily volume of 1,143 call options.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PAGS shares. Jefferies Financial Group initiated 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. Weiss Ratings cut shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. UBS Group cut their price target on PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating on the stock in a report on Friday, July 17th. 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 report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, PagSeguro Digital has a consensus rating of “Hold” and an average price target of $10.98.

Insider Buying and Selling

In other news, insider Silva Dutra sold 25,000 shares of the stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $9.24, for a total value of $231,000.00. Following the completion of the sale, the insider directly owned 25,000 shares in the company, valued at $231,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Institutional Investors Weigh In On PagSeguro Digital

A number of large investors have recently bought and sold shares of PAGS. WINTON GROUP Ltd acquired a new position in shares of PagSeguro Digital in the second quarter worth $172,000. Squarepoint Ops LLC boosted its stake in shares of PagSeguro Digital by 108.7% during the second quarter. Squarepoint Ops LLC now owns 362,352 shares of the company’s stock valued at $3,279,000 after acquiring an additional 188,748 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in PagSeguro Digital during the 2nd quarter worth about $181,000. Corient Private Wealth LP purchased a new stake in PagSeguro Digital during the 2nd quarter worth about $278,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in PagSeguro Digital in the 2nd quarter valued at about $156,000. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Trading Down 3.0%

Shares of PagSeguro Digital stock traded down $0.29 on Tuesday, reaching $9.64. 2,554,943 shares of the stock were exchanged, compared to its average volume of 3,549,217. The firm has a market capitalization of $2.70 billion, a PE ratio of 6.74, a PEG ratio of 0.40 and a beta of 1.29. The business has a fifty day moving average price of $9.26 and a two-hundred day moving average price of $9.55. PagSeguro Digital has a 1-year low of $8.42 and a 1-year high of $12.32.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $942.97 million during the quarter, compared to analysts’ expectations of $1 billion. PagSeguro Digital had a net margin of 10.46% and a return on equity of 16.36%. Research analysts expect that PagSeguro Digital will post 1.67 EPS for the current year.

PagSeguro Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, September 16th. This represents a $1.12 annualized dividend and a dividend yield of 11.6%. This is an increase from PagSeguro Digital’s previous quarterly dividend of $0.26. PagSeguro Digital’s payout ratio is presently 72.73%.

About PagSeguro Digital

PagSeguro Digital Ltd., operating under the PagBank brand, is a Brazilian financial technology company that provides payment-processing and digital banking services. The company serves individual consumers, self-employed professionals, microbusinesses and small and medium-sized enterprises, with a focus on expanding access to electronic payments and financial services in Brazil.

Its offerings include point-of-sale payment terminals, online payment acceptance, mobile payment tools, QR code and Pix transactions, digital accounts, payment cards, personal and business loans, and other financial products.