Key Points
- Insider sale: Director Alexandre Mr Magnani sold 200,000 PagSeguro (PAGS) shares on April 17 at an average of $11.26 for $2,252,000, trimming his stake by 24.77% to 607,390 shares (≈$6.84M).
- Dividend announcement: PagSeguro declared a quarterly dividend of $0.26 per share (annualized $1.04) with an ex-dividend date of April 22 and payable June 1, implying a ~9.4% yield.
- Recent results and outlook: The company reported $0.43 EPS (beat by $0.01) but missed revenue expectations, trades at a P/E of 8.66, and carries a "Moderate Buy" analyst consensus with an average price target of $12.
PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) Director Alexandre Mr Magnani sold 200,000 shares of the firm's stock in a transaction on Friday, April 17th. The shares were sold at an average price of $11.26, for a total value of $2,252,000.00. Following the sale, the director directly owned 607,390 shares of the company's stock, valued at $6,839,211.40. This represents a 24.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
PagSeguro Digital Trading Down 2.1%
NYSE:PAGS opened at $11.09 on Wednesday. The stock has a market cap of $3.65 billion, a P/E ratio of 8.66, a PEG ratio of 0.46 and a beta of 1.42. The stock has a 50 day simple moving average of $10.40 and a 200 day simple moving average of $10.09. PagSeguro Digital Ltd. has a 1-year low of $7.74 and a 1-year high of $12.32.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its quarterly earnings results on Wednesday, March 4th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. The business had revenue of $991.79 million during the quarter, compared to analysts' expectations of $1.03 billion. PagSeguro Digital had a return on equity of 16.20% and a net margin of 10.37%. As a group, sell-side analysts forecast that PagSeguro Digital Ltd. will post 1.66 EPS for the current year.
PagSeguro Digital Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, April 22nd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Wednesday, April 22nd. PagSeguro Digital's dividend payout ratio (DPR) is presently 10.94%.
Hedge Funds Weigh In On PagSeguro Digital
A number of hedge funds have recently added to or reduced their stakes in PAGS. Robeco Institutional Asset Management B.V. increased its stake in PagSeguro Digital by 108.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,610,914 shares of the company's stock worth $63,729,000 after acquiring an additional 3,435,211 shares during the period. Maple Rock Capital Partners Inc. bought a new position in PagSeguro Digital during the 3rd quarter worth $28,011,000. Jacobs Levy Equity Management Inc. increased its stake in PagSeguro Digital by 5,302.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,156,848 shares of the company's stock worth $21,568,000 after acquiring an additional 2,116,925 shares during the period. Orbis Allan Gray Ltd bought a new position in PagSeguro Digital during the 2nd quarter worth $20,106,000. Finally, Jain Global LLC bought a new position in PagSeguro Digital during the 4th quarter worth $17,424,000. Institutional investors own 45.88% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on PAGS shares. Weiss Ratings reissued a "hold (c)" rating on shares of PagSeguro Digital in a report on Thursday, January 22nd. Wall Street Zen cut PagSeguro Digital from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. UBS Group lifted their price target on PagSeguro Digital from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. dropped their price target on PagSeguro Digital from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Monday, April 13th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.00.
Check Out Our Latest Stock Analysis on PagSeguro Digital
About PagSeguro Digital
(
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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