Insider Selling: PagSeguro Digital (NYSE:PAGS) Director Sells $256,577.80 in Stock

by · The Cerbat Gem

PagSeguro Digital Ltd. (NYSE:PAGS – Get Free Report) Director Alexandre Magnani sold 22,706 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $11.30, for a total transaction of $256,577.80. Following the completion of the sale, the director owned 84,684 shares of the company’s stock, valued at $956,929.20. The trade was a 21.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 stock was 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 stock was 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 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 shares were sold at an average price of $11.20, for a total transaction 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 shares were 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 midday trading on Monday, hitting $8.56. The stock had a trading volume of 18,513,291 shares, compared to its average volume of 4,801,492. The firm 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 fifty-two week low of $7.50 and a fifty-two week high of $12.32. The company’s 50-day simple moving average is $9.76 and its 200 day simple moving average is $9.85.

PagSeguro Digital (NYSE:PAGS – Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1 billion. Equities analysts expect that PagSeguro Digital Ltd. will post 1.65 EPS for the current fiscal year.

PagSeguro Digital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $1.12 dividend on an annualized basis and a yield of 13.1%. This is a boost from PagSeguro Digital’s previous quarterly dividend of $0.26. PagSeguro Digital’s dividend payout ratio (DPR) is presently 78.32%.

Analyst Ratings Changes

A number of brokerages have issued reports on PAGS. Bank of America cut PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a report on Wednesday, July 15th. 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 research report on Tuesday, September 29th. Weiss Ratings raised shares of PagSeguro Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. Finally, Jefferies Financial Group began coverage on shares of PagSeguro Digital in a report on Thursday, July 23rd. They set a “hold” rating and a $10.40 price objective for the company. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, PagSeguro Digital presently has a consensus rating of “Hold” and a consensus price target of $11.08.

View Our Latest Stock Analysis on PAGS

Institutional Investors Weigh In On PagSeguro Digital

Hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. lifted its holdings in shares of PagSeguro Digital by 38.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,471 shares of the company’s stock valued at $40,000 after purchasing an additional 1,233 shares in the last quarter. Signaturefd LLC lifted its position in PagSeguro Digital by 83.9% in the 3rd quarter. Signaturefd LLC now owns 11,121 shares of the company’s stock valued at $99,000 after acquiring an additional 5,074 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of PagSeguro Digital by 86.7% in the 1st quarter. Meeder Asset Management Inc. now owns 10,308 shares of the company’s stock valued at $103,000 after purchasing an additional 4,786 shares during the period. Confluence Investment Management LLC acquired a new stake in shares of PagSeguro Digital in the 2nd quarter valued at about $125,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of PagSeguro Digital in the second quarter valued at about $156,000. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Company Profile

(Get Free Report)

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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