Quantinno Capital Management LP Increases Stake in PagerDuty $PD

Quantinno Capital Management LP raised its position in shares of PagerDuty (NYSE:PD) by 552.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 347,792 shares of the company’s stock after purchasing an additional 294,447 shares during the quarter. Quantinno Capital Management LP’s holdings in PagerDuty were worth $2,160,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of PagerDuty by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 13,066,929 shares of the company’s stock valued at $171,307,000 after acquiring an additional 472,975 shares in the last quarter. Hsbc Holdings PLC bought a new position in PagerDuty in the 1st quarter valued at approximately $789,000. KBC Group NV boosted its stake in PagerDuty by 5,537.9% during the 1st quarter. KBC Group NV now owns 248,181 shares of the company’s stock valued at $1,541,000 after purchasing an additional 243,779 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its stake in PagerDuty by 801.4% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 206,701 shares of the company’s stock valued at $1,284,000 after purchasing an additional 183,770 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of PagerDuty by 89.7% in the 1st quarter. Principal Financial Group Inc. now owns 394,297 shares of the company’s stock worth $2,449,000 after purchasing an additional 186,440 shares in the last quarter. 97.26% of the stock is owned by hedge funds and other institutional investors.

PagerDuty Stock Performance

Shares of NYSE PD opened at $11.92 on Tuesday. The firm has a 50 day moving average of $9.79 and a 200 day moving average of $8.22. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $919.27 million, a price-to-earnings ratio of 5.84, a price-to-earnings-growth ratio of 3.00 and a beta of 0.93. PagerDuty has a 12-month low of $5.70 and a 12-month high of $17.29.

PagerDuty (NYSE:PD) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.08. The business had revenue of $120.97 million for the quarter, compared to the consensus estimate of $119.52 million. PagerDuty had a net margin of 38.60% and a return on equity of 18.20%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. On average, research analysts anticipate that PagerDuty will post 0.58 earnings per share for the current year.

PagerDuty announced that its board has initiated a stock buyback plan on Thursday, May 28th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 16.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PD. Weiss Ratings upgraded PagerDuty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. Wall Street Zen downgraded PagerDuty from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Canaccord Genuity Group lifted their price objective on PagerDuty from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Truist Financial boosted their target price on PagerDuty from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Morgan Stanley cut shares of PagerDuty from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $10.00 to $9.00 in a research note on Tuesday, July 21st. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, PagerDuty currently has an average rating of “Hold” and a consensus target price of $11.50.

PagerDuty Company Profile

PagerDuty, Inc engages in the operation of a digital operations management platform in the United States and internationally. The company’s digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage machine learning to correlate, process, and predict opportunities and issues. Its platform includes PagerDuty Incident Management that provides a real-time view across the status of a digital service while incorporating noise reduction to remove false positives; AIOps that applies machine learning to correlate and automate the identification of incidents from billions of events; Process Automation offers centralized design time and run time environment for orchestrating automated workflows that span across departments, technologies, and networks; Customer Service Operations, which is offered to orchestrate, automate, and scale responses to customer impacting issues.