Key Points
- Director Alexandre Magnani sold 100,000 PagSeguro shares at an average price of $10.60, generating $1.06 million. The sale reduced his ownership by 16.46%, leaving him with 507,390 shares.
- PagSeguro shares opened at $11.13, up 4.3%, with a market capitalization of approximately $3.11 billion. The company recently exceeded quarterly EPS expectations, reporting $0.41 versus the $0.39 consensus estimate.
- The company increased its quarterly dividend to $0.28 per share, equivalent to an annualized $1.12 dividend and a 10.1% yield. Analysts maintain an overall “Hold” rating, with a consensus price target of $10.73.
PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) Director Alexandre Mr Magnani sold 100,000 shares of the company's stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $10.60, for a total transaction of $1,060,000.00. Following the sale, the director owned 507,390 shares in the company, valued at $5,378,334. The trade was a 16.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
PagSeguro Digital Stock Up 4.3%
Shares of PagSeguro Digital stock opened at $11.13 on Friday. PagSeguro Digital Ltd. has a 52-week low of $8.42 and a 52-week high of $12.32. The company has a 50 day moving average of $9.36 and a 200 day moving average of $9.50. The company has a market capitalization of $3.11 billion, a P/E ratio of 7.79, a P/E/G ratio of 0.43 and a beta of 1.27.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. PagSeguro Digital had a net margin of 10.46% and a return on equity of 16.36%. The company had revenue of $942.97 million during the quarter, compared to analysts' expectations of $1 billion. As a group, research analysts anticipate that PagSeguro Digital Ltd. will post 1.65 earnings per share for the current fiscal year.
PagSeguro Digital Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were paid a dividend of $0.28 per share. The ex-dividend date was Wednesday, September 16th. This is an increase from PagSeguro Digital's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 10.1%. PagSeguro Digital's payout ratio is presently 78.32%.
Analysts Set New Price Targets
PAGS has been the topic of several recent analyst reports. UBS Group dropped their target price on PagSeguro Digital from $12.50 to $11.00 and set a "buy" rating on the stock in a report on Tuesday, September 29th. Jefferies Financial Group started coverage on PagSeguro Digital in a research report on Thursday, July 23rd. They set a "hold" rating and a $10.40 price objective for the company. Weiss Ratings reiterated a "hold (c)" rating on shares of PagSeguro Digital in a report on Friday, September 18th. Finally, 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 report on Wednesday, July 15th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, PagSeguro Digital presently has an average rating of "Hold" and a consensus price target of $10.73.
Get Our Latest Analysis on PAGS
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of PAGS. Lazard Asset Management LLC lifted its position in PagSeguro Digital by 101.7% in the first quarter. Lazard Asset Management LLC now owns 1,986,771 shares of the company's stock valued at $19,907,000 after acquiring an additional 1,001,581 shares during the last quarter. Absolute Gestao de Investimentos Ltda. increased its position in shares of PagSeguro Digital by 224.2% during the first quarter. Absolute Gestao de Investimentos Ltda. now owns 1,175,125 shares of the company's stock worth $11,775,000 after purchasing an additional 812,641 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of PagSeguro Digital by 168.5% in the 1st quarter. Sei Investments Co. now owns 611,057 shares of the company's stock valued at $6,123,000 after purchasing an additional 383,452 shares during the last quarter. Bank of America Corp DE boosted its position in shares of PagSeguro Digital by 15.4% in the 1st quarter. Bank of America Corp DE now owns 479,554 shares of the company's stock valued at $4,805,000 after purchasing an additional 63,981 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in PagSeguro Digital during the 2nd quarter worth approximately $4,407,000. 45.88% of the stock is owned by hedge funds and other institutional investors.
About PagSeguro Digital
(
Get Free Report)
PagSeguro Digital Ltd. is a Brazilian financial technology company that operates the PagBank ecosystem. The company provides payment acceptance and digital banking services primarily to micro, small and medium-sized businesses, self-employed professionals and individual consumers in Brazil.
Its products and services include point-of-sale payment terminals, online payment processing, digital accounts, payment cards, money transfers, bill payment and other financial services. PagSeguro also offers tools designed to help merchants manage transactions and business finances through digital platforms and mobile applications.
PagSeguro was developed as part of Brazil's UOL group and became a publicly traded company on the New York Stock Exchange in 2018.
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