UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Holdings in PagerDuty $PD

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in PagerDuty (NYSE:PD) by 15.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 207,384 shares of the company’s stock after selling 39,024 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in PagerDuty were worth $2,001,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. increased its holdings in PagerDuty by 333.2% during the third quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock valued at $23,961,000 after buying an additional 1,115,577 shares during the period. Dimensional Fund Advisors LP purchased a new stake in PagerDuty during the first quarter worth $6,074,000. Alyeska Investment Group L.P. purchased a new stake in PagerDuty during the third quarter worth $13,710,000. Danske Bank A S bought a new stake in PagerDuty during the 3rd quarter valued at $13,271,000. Finally, Bank of New York Mellon Corp bought a new stake in PagerDuty during the 2nd quarter valued at $7,629,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

PagerDuty Stock Up 2.5%

NYSE:PD opened at $14.09 on Friday. The company has a market cap of $1.11 billion, a PE ratio of 7.05, a P/E/G ratio of 2.13 and a beta of 0.96. PagerDuty has a twelve month low of $5.70 and a twelve month high of $16.91. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.71. The company’s 50 day moving average is $11.59 and its two-hundred day moving average is $8.91.

PagerDuty (NYSE:PD) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $124.44 million for the quarter, compared to analyst estimates of $123.27 million. PagerDuty had a net margin of 37.50% and a return on equity of 18.52%. PagerDuty’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. Analysts anticipate that PagerDuty will post 0.69 EPS for the current year.

PagerDuty announced that its Board of Directors has approved a share buyback program on Thursday, May 28th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 16.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PD shares. Canaccord Genuity Group lifted their price target on PagerDuty from $10.00 to $15.00 and gave the company a “buy” rating in a report on Friday, August 28th. Truist Financial raised their price objective on PagerDuty from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Royal Bank Of Canada lifted their target price on PagerDuty from $9.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, August 14th. Wall Street Zen downgraded shares of PagerDuty from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Morgan Stanley boosted their target price on shares of PagerDuty from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Friday, August 28th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.56.

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.