Key Points
- Director Luis Frias bought 498,500 shares on March 27 at an average price of $9.96, spending $4,965,060 and increasing his direct ownership to 2,673,605 shares (a 22.92% rise).
- PagSeguro declared a quarterly dividend of $0.26 (annualized $1.04) with record/ex-dividend date of April 22 and payment on June 1, implying a 10.1% yield.
- The company reported Q EPS of $0.43 (beat by $0.01) but revenue of $991.79M missed estimates; the stock trades near $10 with a P/E of 8.08 and a market cap of $3.41 billion.
PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) Director Luis Frias acquired 498,500 shares of PagSeguro Digital stock in a transaction that occurred on Friday, March 27th. The stock was purchased at an average cost of $9.96 per share, for a total transaction of $4,965,060.00. Following the completion of the transaction, the director directly owned 2,673,605 shares in the company, valued at $26,629,105.80. This trade represents a 22.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
PagSeguro Digital Price Performance
Shares of NYSE PAGS opened at $10.35 on Friday. PagSeguro Digital Ltd. has a 1 year low of $7.36 and a 1 year high of $12.32. The firm has a 50-day simple moving average of $10.51 and a two-hundred day simple moving average of $10.03. The company has a market cap of $3.41 billion, a P/E ratio of 8.08, a PEG ratio of 0.42 and a beta of 1.42.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its earnings results on Wednesday, March 4th. The company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.01. PagSeguro Digital had a return on equity of 16.20% and a net margin of 10.37%.The firm had revenue of $991.79 million for the quarter, compared to analysts' expectations of $1.03 billion. As a group, equities research analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.
PagSeguro Digital Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, April 22nd will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 10.1%. The ex-dividend date of this dividend is Wednesday, April 22nd. PagSeguro Digital's dividend payout ratio is 10.94%.
Institutional Investors Weigh In On PagSeguro Digital
A number of institutional investors and hedge funds have recently bought and sold shares of PAGS. Caitong International Asset Management Co. Ltd lifted its holdings in shares of PagSeguro Digital by 77.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company's stock worth $40,000 after buying an additional 1,821 shares during the period. GAMMA Investing LLC increased its stake in shares of PagSeguro Digital by 37.0% during the fourth quarter. GAMMA Investing LLC now owns 4,626 shares of the company's stock valued at $45,000 after buying an additional 1,249 shares during the period. Atlas Capital Advisors Inc. bought a new stake in shares of PagSeguro Digital in the fourth quarter valued at about $45,000. Farther Finance Advisors LLC bought a new stake in shares of PagSeguro Digital in the third quarter valued at about $46,000. Finally, Versant Capital Management Inc lifted its stake in PagSeguro Digital by 114.1% in the third quarter. Versant Capital Management Inc now owns 5,156 shares of the company's stock worth $52,000 after acquiring an additional 2,748 shares during the period. 45.88% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on PAGS shares. Wall Street Zen lowered shares of PagSeguro Digital from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of PagSeguro Digital in a research note on Thursday, January 22nd. Finally, UBS Group lifted their price objective on shares of PagSeguro Digital from $13.00 to $14.00 and gave the company a "buy" rating in a report on Wednesday, January 28th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, PagSeguro Digital currently has an average rating of "Moderate Buy" and an average target price of $11.86.
Get Our Latest Stock Report on PagSeguro Digital
PagSeguro Digital Company Profile
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Get Free Report)
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.
Further Reading
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