Empowered Funds LLC Invests $1.68 Million in PagerDuty $PD

Key Points

• Empowered Funds LLC acquired 270,473 PagerDuty shares worth approximately $1.68 million, giving it a roughly 0.35% stake. Institutional investors and hedge funds collectively own 97.26% of the company.
• Analyst sentiment remains mixed, with PagerDuty holding an average “Hold” rating and an average price target of $11.50; recent targets range from $9 to $11.
• PagerDuty exceeded quarterly earnings and revenue expectations and authorized a $100 million stock buyback, allowing it to repurchase up to 16.4% of outstanding shares.

Empowered Funds LLC acquired a new stake in shares of PagerDuty (NYSE:PD - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 270,473 shares of the company's stock, valued at approximately $1,680,000. Empowered Funds LLC owned about 0.35% of PagerDuty at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in PagerDuty by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 13,066,929 shares of the company's stock valued at $171,307,000 after acquiring an additional 472,975 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of PagerDuty in the first quarter worth $789,000. KBC Group NV raised its holdings in shares of PagerDuty by 5,537.9% during the first quarter. KBC Group NV now owns 248,181 shares of the company's stock worth $1,541,000 after purchasing an additional 243,779 shares during the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of PagerDuty by 801.4% during the first quarter. Y Intercept Hong Kong Ltd now owns 206,701 shares of the company's stock worth $1,284,000 after purchasing an additional 183,770 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of PagerDuty by 89.7% during the first quarter. Principal Financial Group Inc. now owns 394,297 shares of the company's stock worth $2,449,000 after purchasing an additional 186,440 shares during the last quarter. 97.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on PD. Weiss Ratings upgraded shares of PagerDuty from a "sell (d)" rating to a "sell (d+)" rating in a research report on Monday, July 13th. 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. Morgan Stanley lowered shares of PagerDuty from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $10.00 to $9.00 in a research report on Tuesday, July 21st. Truist Financial lifted their target price on PagerDuty from $9.00 to $11.00 and gave the company a "buy" rating in a research report on Thursday, July 9th. Finally, Wall Street Zen cut PagerDuty from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $11.50.

PagerDuty Price Performance

Shares of PD opened at $11.68 on Friday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.95 and a current ratio of 1.95. PagerDuty has a fifty-two week low of $5.70 and a fifty-two week high of $17.29. The firm has a 50-day simple moving average of $9.76 and a 200-day simple moving average of $8.24. The company has a market capitalization of $900.68 million, a price-to-earnings ratio of 5.73, a price-to-earnings-growth ratio of 2.85 and a beta of 0.93.

PagerDuty (NYSE:PD - Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.32 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $119.52 million. During the same period in the prior year, the business earned $0.24 EPS. The firm'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. On average, equities research analysts anticipate that PagerDuty will post 0.58 earnings per share for the current year.

PagerDuty declared that its board has initiated a stock buyback program on Thursday, May 28th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 16.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its stock is 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.

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