Key Points
- Director Alexandre Magnani sold 16,209 PAGS shares at an average of $11.18, worth $181,217, reducing his direct ownership by 9.5% to 154,490 shares. Including other transactions in October, he sold approximately 500,000 shares for about $5.47 million.
- PagSeguro reported quarterly EPS of $0.41, exceeding the $0.39 consensus estimate, while revenue of $942.97 million fell short of the $1 billion forecast. The company increased its quarterly dividend to $0.28 per share, implying a 9.8% annualized yield.
- Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $11.08; PAGS was trading at $11.44, near the target.
PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) Director Alexandre Magnani sold 16,209 shares of the business's stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $11.18, for a total value of $181,216.62. Following the transaction, the director directly owned 154,490 shares in the company, valued at $1,727,198.20. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Alexandre Mr Magnani also recently made the following trade(s):
- On Tuesday, October 20th, Alexandre Magnani sold 47,100 shares of PagSeguro Digital stock. The shares were sold at an average price of $11.22, for a total value of $528,462.00.
- On Friday, October 16th, Alexandre Magnani sold 1,014 shares of PagSeguro Digital stock. The shares were sold at an average price of $11.18, for a total value of $11,336.52.
- On Monday, October 12th, Alexandre Magnani sold 35,677 shares of PagSeguro Digital stock. The shares were sold at an average price of $11.20, for a total value 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 Price Performance
NYSE:PAGS opened at $11.44 on Thursday. PagSeguro Digital Ltd. has a one year low of $8.42 and a one year high of $12.32. The company has a market cap of $3.20 billion, a P/E ratio of 8.00, a P/E/G ratio of 0.47 and a beta of 1.27. The firm's fifty day moving average price is $9.68 and its two-hundred day moving average price is $9.56.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $942.97 million for the quarter, compared to analyst estimates of $1 billion. PagSeguro Digital had a net margin of 10.46% and a return on equity of 16.36%. As a group, equities research analysts expect that PagSeguro Digital Ltd. will post 1.65 earnings per share for the current year.
PagSeguro Digital Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend was Wednesday, September 16th. This is a positive change from PagSeguro Digital's previous quarterly dividend of $0.26. PagSeguro Digital's payout ratio is presently 78.32%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in PAGS. Lazard Asset Management LLC increased its position in PagSeguro Digital by 101.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,986,771 shares of the company's stock worth $19,907,000 after buying an additional 1,001,581 shares during the period. Absolute Gestao de Investimentos Ltda. lifted its holdings 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 buying an additional 812,641 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of PagSeguro Digital in the second quarter valued at about $4,407,000. Sei Investments Co. boosted its position in shares of PagSeguro Digital by 168.5% in the first quarter. Sei Investments Co. now owns 611,057 shares of the company's stock valued at $6,123,000 after acquiring an additional 383,452 shares during the period. Finally, SEB Asset Management AB bought a new stake in shares of PagSeguro Digital in the first quarter valued at about $2,827,000. Institutional investors own 45.88% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on PAGS shares. UBS Group lowered their price target on shares of PagSeguro Digital from $12.50 to $11.00 and set a "buy" rating on the stock in a report on Tuesday, September 29th. Bank of America downgraded shares of PagSeguro Digital from a "buy" rating to a "neutral" rating and set a $10.00 price objective for the company. in a research report on Wednesday, July 15th. Jefferies Financial Group started coverage on PagSeguro Digital in a report on Thursday, July 23rd. They set a "hold" rating and a $10.40 price objective for the company. Finally, Weiss Ratings raised PagSeguro Digital from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, October 13th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $11.08.
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About PagSeguro Digital
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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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