Segall Bryant & Hamill LLC Buys 187,845 Shares of PagerDuty $PD

Segall Bryant & Hamill LLC increased its stake in shares of PagerDuty (NYSE:PD) by 519.6% in the first quarter, HoldingsChannel reports. The firm owned 223,995 shares of the company’s stock after buying an additional 187,845 shares during the period. Segall Bryant & Hamill LLC’s holdings in PagerDuty were worth $1,391,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its position in shares of PagerDuty by 333.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock worth $23,961,000 after buying an additional 1,115,577 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of PagerDuty during the first quarter worth about $6,074,000. Alyeska Investment Group L.P. acquired a new stake in PagerDuty during the 3rd quarter valued at approximately $13,710,000. Danske Bank A S acquired a new position in PagerDuty during the third quarter valued at $13,271,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of PagerDuty in the 4th quarter valued at about $9,910,000. Institutional investors own 97.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PD shares. Canaccord Genuity Group raised their price objective 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 increased their price target on shares of PagerDuty from $8.00 to $9.00 and gave the stock a “sector perform” rating in a report on Friday, May 29th. Morgan Stanley lowered shares of PagerDuty from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $10.00 to $9.00 in a research report on Tuesday, July 21st. Weiss Ratings raised shares of PagerDuty from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 13th. Finally, Wall Street Zen downgraded shares of PagerDuty from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.50.

PagerDuty Trading Down 0.8%

Shares of PD stock opened at $11.20 on Thursday. 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 company has a market cap of $863.70 million, a price-to-earnings ratio of 5.49, a PEG ratio of 2.90 and a beta of 0.93. The stock has a 50 day simple moving average of $9.66 and a 200-day simple moving average of $8.21. PagerDuty has a 1-year low of $5.70 and a 1-year high of $17.29.

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

PagerDuty announced that its Board of Directors has initiated a stock buyback plan on Thursday, May 28th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 16.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.