Rathbones Group PLC Raises Stock Position in DocuSign, Inc. (NASDAQ:DOCU)

Rathbones Group PLC grew its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,082 shares of the company’s stock after purchasing an additional 3,928 shares during the quarter. Rathbones Group PLC’s holdings in DocuSign were worth $3,965,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its position in DocuSign by 178.2% in the 4th quarter. FMR LLC now owns 6,101,024 shares of the company’s stock valued at $548,726,000 after buying an additional 3,908,139 shares during the period. State Street Corp raised its stake in shares of DocuSign by 2.3% in the third quarter. State Street Corp now owns 5,372,939 shares of the company’s stock valued at $333,604,000 after acquiring an additional 120,743 shares in the last quarter. American Century Companies Inc. boosted its holdings in DocuSign by 18.5% in the fourth quarter. American Century Companies Inc. now owns 5,315,459 shares of the company’s stock valued at $478,072,000 after purchasing an additional 831,611 shares during the period. Geode Capital Management LLC grew its stake in DocuSign by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 3,732,363 shares of the company’s stock worth $335,147,000 after purchasing an additional 249,179 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in DocuSign by 283.9% during the 4th quarter. Invesco Ltd. now owns 3,447,275 shares of the company’s stock worth $310,048,000 after purchasing an additional 2,549,310 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wedbush reissued a “neutral” rating and set a $100.00 price objective on shares of DocuSign in a research report on Friday, March 14th. Jefferies Financial Group decreased their price objective on shares of DocuSign from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, March 31st. JMP Securities reissued a “market outperform” rating and issued a $124.00 target price on shares of DocuSign in a report on Tuesday, January 7th. JPMorgan Chase & Co. raised DocuSign from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $70.00 to $75.00 in a research report on Monday, March 10th. Finally, UBS Group lowered their price target on DocuSign from $100.00 to $90.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, DocuSign currently has a consensus rating of “Hold” and an average price target of $95.83.

Insider Buying and Selling

In other DocuSign news, Director Teresa Briggs sold 534 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $87.41, for a total value of $46,676.94. Following the sale, the director now owns 8,270 shares of the company’s stock, valued at $722,880.70. This represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Blake Jeffrey Grayson sold 16,111 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $83.20, for a total transaction of $1,340,435.20. Following the completion of the sale, the chief financial officer now owns 93,960 shares in the company, valued at $7,817,472. This represents a 14.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,851 shares of company stock worth $4,911,319 in the last quarter. Company insiders own 1.66% of the company’s stock.

DocuSign Price Performance

DocuSign stock opened at $71.95 on Tuesday. The business has a 50 day simple moving average of $85.61 and a 200-day simple moving average of $82.45. DocuSign, Inc. has a 12 month low of $48.70 and a 12 month high of $107.86. The stock has a market capitalization of $14.57 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 6.94 and a beta of 1.20.

DocuSign (NASDAQ:DOCU) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The firm had revenue of $776.25 million for the quarter, compared to the consensus estimate of $760.94 million. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. As a group, equities research analysts anticipate that DocuSign, Inc. will post 1.17 EPS for the current year.

About DocuSign

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.