Fideuram Asset Management Ireland dac Makes New Investment in Docusign Inc. $DOCU

Fideuram Asset Management Ireland dac purchased a new position in Docusign Inc. (NASDAQ:DOCU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,557 shares of the company’s stock, valued at approximately $722,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. National Pension Service boosted its stake in shares of Docusign by 184.5% in the fourth quarter. National Pension Service now owns 61,797 shares of the company’s stock worth $4,227,000 after acquiring an additional 40,072 shares during the period. Basepoint Wealth LLC bought a new position in shares of Docusign in the fourth quarter worth about $39,000. Rothschild Investment LLC boosted its stake in shares of Docusign by 1,650.0% in the fourth quarter. Rothschild Investment LLC now owns 2,415 shares of the company’s stock worth $165,000 after acquiring an additional 2,277 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Docusign in the fourth quarter worth about $6,897,000. Finally, Ilmarinen Mutual Pension Insurance Co boosted its stake in shares of Docusign by 19.7% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 45,597 shares of the company’s stock worth $3,119,000 after acquiring an additional 7,500 shares during the period. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Insider Activity at Docusign

In related news, Director Mary Agnes Wilderotter sold 3,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $48.15, for a total transaction of $144,450.00. Following the completion of the transaction, the director directly owned 59,803 shares of the company’s stock, valued at approximately $2,879,514.45. This represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James P. Shaughnessy sold 12,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $46.83, for a total value of $561,960.00. Following the transaction, the insider directly owned 53,631 shares of the company’s stock, valued at approximately $2,511,539.73. The trade was a 18.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 64,309 shares of company stock valued at $3,061,570 in the last 90 days. 0.59% of the stock is currently owned by insiders.

Docusign Trading Up 5.9%

Shares of Docusign stock opened at $52.52 on Friday. The stock has a 50 day moving average of $47.23 and a 200 day moving average of $54.72. Docusign Inc. has a 12 month low of $40.16 and a 12 month high of $94.67. The firm has a market cap of $10.20 billion, a PE ratio of 35.49, a PEG ratio of 2.00 and a beta of 0.88.

Docusign (NASDAQ:DOCU) last announced its quarterly earnings results on Tuesday, March 17th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.06. Docusign had a return on equity of 16.86% and a net margin of 9.60%.The company had revenue of $836.86 million during the quarter, compared to analyst estimates of $828.23 million. During the same period in the prior year, the company earned $0.86 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts forecast that Docusign Inc. will post 1.75 earnings per share for the current fiscal year.

Docusign announced that its Board of Directors has initiated a share repurchase plan on Tuesday, March 17th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 21% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

DOCU has been the subject of a number of recent analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Docusign in a research note on Wednesday, March 18th. Royal Bank Of Canada dropped their price objective on Docusign from $70.00 to $55.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 18th. UBS Group dropped their price objective on Docusign from $75.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Citizens Jmp dropped their price objective on Docusign from $124.00 to $86.00 and set a “market outperform” rating for the company in a research note on Wednesday, March 18th. Finally, JPMorgan Chase & Co. dropped their price objective on Docusign from $78.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Three investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Docusign currently has an average rating of “Hold” and an average price target of $61.40.

Docusign Profile

DocuSign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, DocuSign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, DocuSign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

DocuSign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.