Glenmede Trust Co. NA Boosts Stake in PagerDuty $PD

Glenmede Trust Co. NA boosted its holdings in PagerDuty (NYSE:PD) by 35.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 937,505 shares of the company’s stock after acquiring an additional 246,482 shares during the quarter. Glenmede Trust Co. NA’s holdings in PagerDuty were worth $5,822,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PD. WealthCollab LLC bought a new stake in shares of PagerDuty during the 1st quarter valued at about $25,000. PNC Financial Services Group Inc. increased its position in shares of PagerDuty by 1,219.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company’s stock worth $31,000 after purchasing an additional 4,599 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of PagerDuty by 419.3% in the first quarter. EverSource Wealth Advisors LLC now owns 5,136 shares of the company’s stock worth $32,000 after purchasing an additional 4,147 shares during the last quarter. KBC Group NV raised its stake in PagerDuty by 89.5% in the fourth quarter. KBC Group NV now owns 4,402 shares of the company’s stock valued at $58,000 after purchasing an additional 2,079 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in PagerDuty in the fourth quarter valued at approximately $68,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

PagerDuty Stock Up 5.3%

Shares of NYSE PD opened at $11.14 on Tuesday. PagerDuty has a one year low of $5.70 and a one year 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. The firm’s 50 day simple moving average is $9.50 and its two-hundred day simple moving average is $8.22. The stock has a market capitalization of $859.50 million, a P/E ratio of 5.46, a PEG ratio of 2.71 and a beta of 0.93.

PagerDuty (NYSE:PD) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.32 earnings per share for the quarter, topping 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 analyst estimates of $119.52 million. During the same period in the previous year, the business posted $0.24 EPS. The business’s quarterly revenue was up 1.0% on a year-over-year basis. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. As a group, analysts expect that PagerDuty will post 0.58 EPS for the current fiscal year.

PagerDuty announced that its board has authorized a stock repurchase program on Thursday, May 28th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase up to 16.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

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

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.