Key Points
- Director Alexandre Magnani sold 35,677 PagSeguro shares for approximately $399,582 at an average price of $11.20, reducing his stake by 17.2% to 171,713 shares. He also sold 400,000 shares in two earlier October transactions.
- PagSeguro reported quarterly EPS of $0.41, exceeding the $0.39 consensus estimate, though revenue of $942.97 million fell short of the $1 billion forecast.
- The company raised its quarterly dividend to $0.28, equivalent to a 10.2% annualized yield, while analysts maintained a consensus “Hold” rating with an average price target of $11.08.
PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) Director Alexandre Magnani sold 35,677 shares of PagSeguro Digital stock in a transaction on Monday, October 12th. The stock was sold at an average price of $11.20, for a total transaction of $399,582.40. Following the transaction, the director owned 171,713 shares in the company, valued at approximately $1,923,185.60. This trade represents a 17.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Alexandre Mr Magnani also recently made the following trade(s):
- On Friday, October 9th, Alexandre Magnani sold 300,000 shares of PagSeguro Digital stock. The stock was sold at an average price of $10.95, for a total transaction of $3,285,000.00.
- On Wednesday, October 7th, Alexandre Magnani sold 100,000 shares of PagSeguro Digital stock. The stock was sold at an average price of $10.60, for a total transaction of $1,060,000.00.
PagSeguro Digital Stock Down 1.3%
NYSE PAGS opened at $10.99 on Wednesday. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 0.44 and a beta of 1.27. PagSeguro Digital Ltd. has a twelve month low of $8.42 and a twelve month high of $12.32. The stock has a fifty day simple moving average of $9.42 and a 200 day simple moving average of $9.51.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $942.97 million during the quarter, compared to analyst estimates of $1 billion. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. Research analysts expect that PagSeguro Digital Ltd. will post 1.65 earnings per share for the current fiscal year.
PagSeguro Digital Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a $0.28 dividend. This is a boost from PagSeguro Digital's previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, September 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 10.2%. PagSeguro Digital's dividend payout ratio is presently 78.32%.
Hedge Funds Weigh In On PagSeguro Digital
A number of hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its holdings in PagSeguro Digital by 77.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company's stock valued at $40,000 after buying an additional 1,821 shares during the period. Meeder Asset Management Inc. boosted its position in PagSeguro Digital by 86.7% during the first quarter. Meeder Asset Management Inc. now owns 10,308 shares of the company's stock valued at $103,000 after acquiring an additional 4,786 shares during the last quarter. Confluence Investment Management LLC bought a new stake in PagSeguro Digital during the second quarter valued at $125,000. DGS Capital Management LLC grew its holdings in PagSeguro Digital by 8.7% during the 4th quarter. DGS Capital Management LLC now owns 15,814 shares of the company's stock worth $152,000 after acquiring an additional 1,271 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in PagSeguro Digital during the 2nd quarter worth about $156,000. Institutional investors own 45.88% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on PAGS. UBS Group lowered their price objective on PagSeguro Digital from $12.50 to $11.00 and set a "buy" rating for the company in a research report on Tuesday, September 29th. Weiss Ratings reiterated a "hold (c)" rating on shares of PagSeguro Digital in a report on Friday, September 18th. Jefferies Financial Group initiated coverage on PagSeguro Digital in a report on Thursday, July 23rd. They issued a "hold" rating and a $10.40 target price on the stock. Finally, Bank of America downgraded shares of PagSeguro Digital from a "buy" rating to a "neutral" rating and set a $10.00 target price for the company. in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, PagSeguro Digital presently has a consensus rating of "Hold" and an average target price of $11.08.
Check Out Our Latest Stock Analysis on PagSeguro Digital
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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