Hsbc Holdings PLC Makes New Investment in PagerDuty $PD

Hsbc Holdings PLC bought a new position in PagerDuty (NYSE:PD) in the 1st quarter, HoldingsChannel.com reports. The firm bought 126,443 shares of the company’s stock, valued at approximately $789,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PD. Vanguard Group Inc. grew its position in PagerDuty by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 13,066,929 shares of the company’s stock worth $171,307,000 after purchasing an additional 472,975 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in PagerDuty by 801.4% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 206,701 shares of the company’s stock valued at $1,284,000 after buying an additional 183,770 shares during the last quarter. KBC Group NV lifted its position in shares of PagerDuty by 89.5% during the 4th quarter. KBC Group NV now owns 4,402 shares of the company’s stock worth $58,000 after buying an additional 2,079 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of PagerDuty during the 4th quarter worth approximately $191,000. Finally, Oxford Asset Management LLP purchased a new position in shares of PagerDuty in the 2nd quarter worth approximately $168,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

PagerDuty Stock Up 3.6%

PD opened at $10.68 on Thursday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.83. The stock has a market cap of $823.87 million, a price-to-earnings ratio of 5.24, a PEG ratio of 2.65 and a beta of 0.94. PagerDuty has a twelve month low of $5.70 and a twelve month high of $17.29. The company’s 50-day moving average price is $9.28 and its two-hundred day moving average price is $8.25.

PagerDuty (NYSE:PD) last released its earnings results on Thursday, May 28th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.08. PagerDuty had a net margin of 38.60% and a return on equity of 18.20%. The firm had revenue of $120.97 million during the quarter, compared to the consensus estimate of $119.52 million. During the same period in the prior year, the firm earned $0.24 EPS. The company’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 analysts expect that PagerDuty will post 0.58 earnings per share for the current year.

PagerDuty declared that its Board of Directors has authorized a stock repurchase plan on Thursday, May 28th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 16.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PD shares. Canaccord Genuity Group upped their target price on PagerDuty from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, May 29th. Royal Bank Of Canada lifted their price target on PagerDuty from $8.00 to $9.00 and gave the stock a “sector perform” rating in a report on Friday, May 29th. Truist Financial boosted their price objective on PagerDuty from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Weiss Ratings upgraded PagerDuty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. Finally, Morgan Stanley lowered PagerDuty from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $10.00 to $9.00 in a research report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, PagerDuty presently has an average rating of “Hold” and an average target price of $11.50.

About PagerDuty

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.