PagSeguro Digital (NYSE:PAGS) Director Luis Frias Buys 498,500 Shares

PagSeguro Digital Ltd. (NYSE:PAGS) Director Luis Frias acquired 498,500 shares of the company’s stock in a transaction on Friday, March 27th. The shares were bought at an average cost of $9.96 per share, with a total value of $4,965,060.00. Following the acquisition, the director directly owned 2,673,605 shares in the company, valued at approximately $26,629,105.80. The trade was a 22.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

PagSeguro Digital Trading Down 1.8%

Shares of PAGS stock opened at $10.35 on Friday. PagSeguro Digital Ltd. has a 12-month low of $7.36 and a 12-month high of $12.32. The stock’s 50-day moving average price is $10.51 and its 200-day moving average price is $10.03. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 0.42 and a beta of 1.42.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $991.79 million during the quarter, compared to analyst estimates of $1.03 billion. PagSeguro Digital had a return on equity of 16.20% and a net margin of 10.37%. As a group, research analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, April 22nd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.1%. PagSeguro Digital’s dividend payout ratio (DPR) is 10.94%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PAGS shares. Wall Street Zen downgraded shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings reissued a “hold (c)” rating on shares of PagSeguro Digital in a research note on Thursday, January 22nd. Finally, UBS Group boosted their target price on shares of PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, PagSeguro Digital currently has an average rating of “Moderate Buy” and a consensus price target of $11.86.

Hedge Funds Weigh In On PagSeguro Digital

Several large investors have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. lifted its position in PagSeguro Digital by 108.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,610,914 shares of the company’s stock worth $63,729,000 after buying an additional 3,435,211 shares during the last quarter. Maple Rock Capital Partners Inc. bought a new position in PagSeguro Digital during the third quarter valued at $28,011,000. Baupost Group LLC MA bought a new position in PagSeguro Digital during the second quarter valued at $24,100,000. Jacobs Levy Equity Management Inc. raised its stake in shares of PagSeguro Digital by 5,302.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,156,848 shares of the company’s stock valued at $21,568,000 after acquiring an additional 2,116,925 shares during the period. Finally, Orbis Allan Gray Ltd purchased a new stake in shares of PagSeguro Digital in the second quarter valued at $20,106,000. Institutional investors own 45.88% of the company’s stock.

About PagSeguro Digital

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.