Key Points
- PagSeguro director Alexandre Magnani sold 1,014 shares for $11,336.52, reducing his holdings by 0.59% to 170,699 shares. He also sold more than 435,000 shares in three earlier October transactions.
- PagSeguro reported quarterly EPS of $0.41, exceeding estimates of $0.39, while revenue of $942.97 million fell short of the $1 billion consensus forecast.
- The company raised its quarterly dividend to $0.28 per share, equivalent to a 9.5% annualized yield; analysts maintain an overall “Hold” rating with an average price target of $11.08.
PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) Director Alexandre Magnani sold 1,014 shares of PagSeguro Digital stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $11.18, for a total transaction of $11,336.52. Following the sale, the director owned 170,699 shares in the company, valued at approximately $1,908,414.82. The trade was a 0.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Alexandre Mr Magnani also recently made the following trade(s):
- On Monday, October 12th, Alexandre Magnani sold 35,677 shares of PagSeguro Digital stock. The stock was sold at an average price of $11.20, for a total transaction of $399,582.40.
- 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 Performance
PAGS opened at $11.75 on Wednesday. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 0.44 and a beta of 1.27. The company has a fifty day moving average of $9.62 and a 200 day moving average of $9.56. PagSeguro Digital Ltd. has a fifty-two week low of $8.42 and a fifty-two week high of $12.32.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. The company had revenue of $942.97 million for the quarter, compared to the consensus estimate of $1 billion. PagSeguro Digital had a net margin of 10.46% and a return on equity of 16.36%. On average, equities research analysts forecast that PagSeguro Digital Ltd. will post 1.65 earnings per share for the current year.
PagSeguro Digital Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, September 16th. This is a positive change 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 9.5%. PagSeguro Digital's dividend payout ratio (DPR) is 78.32%.
Institutional Trading of PagSeguro Digital
Several hedge funds have recently made changes to their positions in the business. DGS Capital Management LLC lifted its holdings in shares of PagSeguro Digital by 8.7% in the 4th quarter. DGS Capital Management LLC now owns 15,814 shares of the company's stock valued at $152,000 after acquiring an additional 1,271 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position 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 worth $40,000 after acquiring an additional 1,821 shares in the last quarter. First Trust Advisors LP increased its stake in PagSeguro Digital by 10.9% during the first quarter. First Trust Advisors LP now owns 18,678 shares of the company's stock worth $187,000 after acquiring an additional 1,835 shares during the last quarter. Royal Bank of Canada increased its stake in PagSeguro Digital by 3.7% during the first quarter. Royal Bank of Canada now owns 56,092 shares of the company's stock worth $562,000 after acquiring an additional 1,998 shares during the last quarter. Finally, Amundi increased its stake in PagSeguro Digital by 6.0% during the first quarter. Amundi now owns 54,586 shares of the company's stock worth $547,000 after acquiring an additional 3,067 shares during the last quarter. 45.88% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. Bank of America cut PagSeguro Digital from a "buy" rating to a "neutral" rating and set a $10.00 target price on the stock. in a report on Wednesday, July 15th. UBS Group dropped their price target 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. Jefferies Financial Group started coverage on PagSeguro Digital in a research note on Thursday, July 23rd. They issued a "hold" rating and a $10.40 price objective on the stock. Finally, Weiss Ratings raised PagSeguro Digital from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, October 13th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, PagSeguro Digital presently has an average rating of "Hold" and an average target price of $11.08.
Read Our Latest Stock Analysis on PAGS
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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