Sei Investments Co. Has $98,000 Stock Holdings in PagerDuty $PD

Sei Investments Co. trimmed its position in shares of PagerDuty (NYSE:PD) by 78.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,854 shares of the company’s stock after selling 59,289 shares during the period. Sei Investments Co.’s holdings in PagerDuty were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in PagerDuty by 333.2% in the third quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock valued at $23,961,000 after purchasing an additional 1,115,577 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of PagerDuty during the 1st quarter valued at about $6,074,000. Alyeska Investment Group L.P. acquired a new stake in shares of PagerDuty during the 3rd quarter valued at about $13,710,000. Danske Bank A S bought a new stake in shares of PagerDuty in the 3rd quarter valued at approximately $13,271,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in PagerDuty in the fourth quarter worth approximately $9,910,000. Institutional investors and hedge funds own 97.26% of the company’s stock.

PagerDuty Stock Up 1.2%

PD stock opened at $11.84 on Wednesday. The stock has a market capitalization of $913.41 million, a price-to-earnings ratio of 5.81, a price-to-earnings-growth ratio of 3.05 and a beta of 0.93. The company has a 50-day moving average of $10.08 and a two-hundred day moving average of $8.25. PagerDuty has a 52-week low of $5.70 and a 52-week high of $17.29. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.95 and a quick ratio of 1.95.

PagerDuty (NYSE:PD) last posted its quarterly earnings data 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. PagerDuty had a return on equity of 18.20% and a net margin of 38.60%.The business had revenue of $120.97 million during the quarter, compared to analysts’ expectations of $119.52 million. During the same quarter in the previous year, the firm earned $0.24 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. As a group, equities research analysts anticipate that PagerDuty will post 0.58 EPS for the current year.

PagerDuty declared that its Board of Directors has approved a share repurchase program on Thursday, May 28th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase up to 16.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PD shares. Morgan Stanley lowered shares of PagerDuty from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $10.00 to $9.00 in a research report on Tuesday, July 21st. Wall Street Zen downgraded shares of PagerDuty from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Canaccord Genuity Group increased their price target on shares of PagerDuty from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Royal Bank Of Canada raised their price target on shares of PagerDuty from $9.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday. Finally, Weiss Ratings raised shares of PagerDuty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.88.

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.