Insider Selling: PagSeguro Digital (NYSE:PAGS) Director Sells 200,000 Shares of Stock
by Jessica Moore · The Cerbat GemPagSeguro Digital Ltd. (NYSE:PAGS – Get Free Report) Director Alexandre Mr Magnani sold 200,000 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $11.26, for a total transaction of $2,252,000.00. Following the completion of the sale, the director owned 607,390 shares in the company, valued at $6,839,211.40. This represents a 24.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
PagSeguro Digital Trading Down 1.4%
Shares of PAGS traded down $0.16 during mid-day trading on Tuesday, reaching $11.17. 919,012 shares of the stock traded hands, compared to its average volume of 4,027,835. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 8.75, a price-to-earnings-growth ratio of 0.46 and a beta of 1.42. PagSeguro Digital Ltd. has a 1 year low of $7.74 and a 1 year high of $12.32. The firm has a fifty day moving average price of $10.40 and a 200 day moving average price of $10.08.
PagSeguro Digital (NYSE:PAGS – Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $991.79 million for the quarter, compared to the consensus estimate of $1.03 billion. PagSeguro Digital had a return on equity of 16.20% and a net margin of 10.37%. On average, sell-side analysts anticipate that PagSeguro Digital Ltd. will post 1.66 EPS for the current year.
PagSeguro Digital Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, April 22nd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $1.04 annualized dividend and a dividend yield of 9.3%. PagSeguro Digital’s dividend payout ratio (DPR) is presently 10.94%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Intech Investment Management LLC raised its holdings in PagSeguro Digital by 29.9% during the 1st quarter. Intech Investment Management LLC now owns 150,945 shares of the company’s stock valued at $1,152,000 after buying an additional 34,787 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of PagSeguro Digital by 41.9% during the second quarter. Hsbc Holdings PLC now owns 44,955 shares of the company’s stock valued at $433,000 after acquiring an additional 13,279 shares during the last quarter. Norges Bank purchased a new stake in shares of PagSeguro Digital during the second quarter worth about $529,000. First Trust Advisors LP boosted its holdings in shares of PagSeguro Digital by 9.7% during the second quarter. First Trust Advisors LP now owns 23,684 shares of the company’s stock worth $228,000 after purchasing an additional 2,098 shares during the period. Finally, Amundi grew its stake in shares of PagSeguro Digital by 48.7% in the second quarter. Amundi now owns 25,946 shares of the company’s stock worth $244,000 after purchasing an additional 8,500 shares during the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a research report on Thursday, January 22nd. JPMorgan Chase & Co. dropped their price objective on shares of PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, April 13th. UBS Group lifted their price target on PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Wall Street Zen downgraded PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.71.
About PagSeguro Digital
PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.
The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.