PagSeguro Digital (NYSE:PAGS) Stock Breaks Below 200 Day Moving Average Following Insider Selling

by · The Markets Daily

Shares of PagSeguro Digital Ltd. (NYSE:PAGS – Get Free Report) passed below its two hundred day moving average during trading on Monday following insider selling activity. The stock has a two hundred day moving average of $9.85 and traded as low as $7.50. PagSeguro Digital shares last traded at $8.5590, with a volume of 18,513,291 shares trading hands.

Specifically, Director Alexandre Magnani sold 27,294 shares of the business’s stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $11.43, for a total transaction of $311,970.42. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alexandre Magnani sold 22,706 shares of the company’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $11.30, for a total transaction of $256,577.80. Following the completion of the transaction, the director directly owned 84,684 shares in the company, valued at approximately $956,929.20. The trade was a 21.14% decrease in their position. The SEC filing for this sale provides additional information. In related news, Director Alexandre Magnani sold 47,100 shares of the stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $11.22, for a total value of $528,462.00. Following the sale, the director owned 107,390 shares in the company, valued at approximately $1,204,915.80. This trade represents a 30.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. UBS Group dropped their price objective on PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating for the company in a research note on Tuesday, September 29th. Weiss Ratings upgraded PagSeguro Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. Bank of America lowered PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research note on Wednesday, July 15th. Finally, Jefferies Financial Group began coverage on PagSeguro Digital in a report on Thursday, July 23rd. They issued a “hold” rating and a $10.40 price target on the stock. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, PagSeguro Digital currently has a consensus rating of “Hold” and an average price target of $11.08.

Get Our Latest Stock Report on PagSeguro Digital

PagSeguro Digital Stock Down 25.2%

The stock has a 50-day simple moving average of $9.76 and a two-hundred day simple moving average of $9.85. The firm has a market cap of $2.39 billion, a PE ratio of 5.99, a P/E/G ratio of 0.46 and a beta of 1.27.

PagSeguro Digital (NYSE:PAGS – Get Free Report) 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. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. The firm had revenue of $942.97 million for the quarter, compared to analyst estimates of $1 billion. Research analysts expect that PagSeguro Digital Ltd. will post 1.65 earnings per share for the current year.

PagSeguro Digital Increases Dividend

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

Institutional Investors Weigh In On PagSeguro Digital

A number of hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC lifted its holdings in shares of PagSeguro Digital by 101.7% during the first 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 during the period. Absolute Gestao de Investimentos Ltda. increased its stake in PagSeguro Digital by 224.2% in 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 during the period. Bank of New York Mellon Corp acquired a new stake in shares of PagSeguro Digital in the 2nd quarter worth $4,407,000. Sei Investments Co. boosted its holdings in shares of PagSeguro Digital by 168.5% in the first 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 in the last quarter. Finally, SEB Asset Management AB acquired a new position in shares of PagSeguro Digital during the first quarter worth about $2,827,000. 45.88% of the stock is currently owned by institutional investors.

About PagSeguro Digital

(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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