Key Points
- Director Alexandre Magnani sold 22,706 PagSeguro shares at an average price of $11.30, generating $256,577.80 and reducing his direct ownership by 21.14% to 84,684 shares.
- Magnani has made several additional sales in October, including 300,000 shares on October 9 and 100,000 shares on October 7, indicating substantial recent insider selling.
- PagSeguro shares were trading at $8.56, down 25.2%, while the company reported quarterly EPS of $0.41 versus the $0.39 consensus estimate. Analysts maintain a consensus “Hold” rating with an average price target of $11.08.
PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) Director Alexandre Magnani sold 22,706 shares of the company's stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $11.30, for a total transaction of $256,577.80. Following the completion of the transaction, the director directly owned 84,684 shares in the company, valued at approximately $956,929.20. The trade was a 21.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Alexandre Mr Magnani also recently made the following trade(s):
- On Friday, October 23rd, Alexandre Magnani sold 27,294 shares of PagSeguro Digital stock. The shares were sold at an average price of $11.43, for a total value of $311,970.42.
- 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 Monday, October 19th, Alexandre Magnani sold 16,209 shares of PagSeguro Digital stock. The stock was sold at an average price of $11.18, for a total value of $181,216.62.
- On Friday, October 16th, Alexandre Magnani sold 1,014 shares of PagSeguro Digital stock. The stock was 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 stock was 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 shares were sold at an average price of $10.95, for a total value of $3,285,000.00.
- On Wednesday, October 7th, Alexandre Magnani sold 100,000 shares of PagSeguro Digital stock. The shares were sold at an average price of $10.60, for a total value of $1,060,000.00.
PagSeguro Digital Trading Down 25.2%
Shares of PAGS opened at $8.56 on Tuesday. The company has a market cap of $2.39 billion, a PE ratio of 5.99, a price-to-earnings-growth ratio of 0.46 and a beta of 1.27. The stock has a 50-day moving average price of $9.76 and a 200-day moving average price of $9.85. PagSeguro Digital Ltd. has a 12-month low of $7.50 and a 12-month high of $12.32.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its quarterly earnings data 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 return on equity of 16.36% and a net margin of 10.46%. The company had revenue of $942.97 million during the quarter, compared to analyst estimates of $1 billion. As a group, analysts predict that PagSeguro Digital Ltd. will post 1.65 earnings per share for the current 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 paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $1.12 dividend on an annualized basis and a yield of 13.1%. This is a boost from PagSeguro Digital's previous quarterly dividend of $0.26. PagSeguro Digital's dividend payout ratio is presently 78.32%.
Institutional Investors Weigh In On PagSeguro Digital
Several institutional investors have recently bought and sold shares of PAGS. SBI Securities Co. Ltd. boosted its stake in shares of PagSeguro Digital by 38.1% during the third quarter. SBI Securities Co. Ltd. now owns 4,471 shares of the company's stock valued at $40,000 after purchasing an additional 1,233 shares during the period. First Trust Advisors LP increased its stake in shares of PagSeguro Digital by 10.9% in the first quarter. First Trust Advisors LP now owns 18,678 shares of the company's stock worth $187,000 after buying an additional 1,835 shares during the period. Royal Bank of Canada increased its stake in shares of PagSeguro Digital by 3.7% in the first quarter. Royal Bank of Canada now owns 56,092 shares of the company's stock worth $562,000 after buying an additional 1,998 shares during the period. Amundi increased its stake in shares of PagSeguro Digital by 6.0% in the first quarter. Amundi now owns 54,586 shares of the company's stock worth $547,000 after buying an additional 3,067 shares during the period. Finally, Meeder Asset Management Inc. increased its stake in shares of PagSeguro Digital by 86.7% in the first quarter. Meeder Asset Management Inc. now owns 10,308 shares of the company's stock worth $103,000 after buying an additional 4,786 shares during the period. 45.88% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
PAGS has been the topic of a number of research reports. Weiss Ratings raised PagSeguro Digital from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, October 13th. 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 target price for the company. UBS Group reduced their price target on shares of PagSeguro Digital from $12.50 to $11.00 and set a "buy" rating on the stock in a research report on Tuesday, September 29th. Finally, Bank of America downgraded shares of PagSeguro Digital from a "buy" rating to a "neutral" rating and set a $10.00 price target on the stock. in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $11.08.
View Our Latest Stock Report on PagSeguro Digital
PagSeguro Digital Company Profile
(
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.
Further Reading

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