Hsbc Holdings PLC Makes New $1.21 Million Investment in PagerDuty $PD

Hsbc Holdings PLC bought a new position in PagerDuty (NYSE:PD) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 126,288 shares of the company’s stock, valued at approximately $1,205,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of PagerDuty by 1.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,601 shares of the company’s stock valued at $943,000 after purchasing an additional 671 shares in the last quarter. California State Teachers Retirement System lifted its position in PagerDuty by 1.4% during the second quarter. California State Teachers Retirement System now owns 81,474 shares of the company’s stock worth $1,245,000 after buying an additional 1,129 shares in the last quarter. ProShare Advisors LLC lifted its position in PagerDuty by 11.8% during the fourth quarter. ProShare Advisors LLC now owns 16,324 shares of the company’s stock worth $214,000 after buying an additional 1,720 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in PagerDuty by 0.3% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,092,963 shares of the company’s stock worth $14,329,000 after buying an additional 3,276 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in PagerDuty by 4.1% during the third quarter. Alliancebernstein L.P. now owns 95,302 shares of the company’s stock worth $1,574,000 after buying an additional 3,784 shares during the last quarter. 97.26% of the stock is currently owned by institutional investors and hedge funds.

PagerDuty Stock Up 1.9%

PD stock opened at $14.09 on Tuesday. PagerDuty has a one year low of $5.70 and a one year high of $17.29. The firm has a market cap of $1.11 billion, a PE ratio of 7.04, a PEG ratio of 3.55 and a beta of 0.93. The firm’s 50 day moving average price is $10.80 and its 200-day moving average price is $8.49. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.02 and a current ratio of 2.02.

PagerDuty (NYSE:PD) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $124.44 million during the quarter, compared to analyst estimates of $123.27 million. PagerDuty had a return on equity of 18.52% and a net margin of 37.50%.The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 earnings per share. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. On average, equities research analysts anticipate that PagerDuty will post 0.58 EPS for the current year.

PagerDuty announced that its Board of Directors has initiated 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 purchase up to 16.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

PD has been the subject of several analyst reports. Weiss Ratings upgraded PagerDuty from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Morgan Stanley lifted their price target on PagerDuty from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Friday. TD Cowen reissued a “buy” rating on shares of PagerDuty in a research report on Wednesday, August 26th. Truist Financial upped their price objective on shares of PagerDuty from $11.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Finally, Canaccord Genuity Group upped their price objective on shares of PagerDuty from $10.00 to $15.00 and gave the company a “buy” rating in a report on Friday. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.94.

PagerDuty 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.