Fifth Third Bancorp Has $2.50 Million Holdings in Docusign Inc. $DOCU

Fifth Third Bancorp increased its holdings in Docusign Inc. (NASDAQ:DOCU) by 4,207.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 52,683 shares of the company’s stock after purchasing an additional 51,460 shares during the period. Fifth Third Bancorp’s holdings in Docusign were worth $2,498,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of DOCU. Smartleaf Asset Management LLC grew its position in shares of Docusign by 8.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,169 shares of the company’s stock valued at $166,000 after buying an additional 165 shares during the last quarter. Centaurus Financial Inc. increased its stake in shares of Docusign by 3.4% in the third quarter. Centaurus Financial Inc. now owns 5,582 shares of the company’s stock valued at $402,000 after buying an additional 184 shares during the period. Tred Avon Family Wealth LLC raised its position in shares of Docusign by 3.6% during the first quarter. Tred Avon Family Wealth LLC now owns 6,176 shares of the company’s stock worth $293,000 after acquiring an additional 215 shares during the last quarter. True Wealth Design LLC raised its position in shares of Docusign by 105.2% during the fourth quarter. True Wealth Design LLC now owns 433 shares of the company’s stock worth $30,000 after acquiring an additional 222 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of Docusign by 2.4% in the fourth quarter. Sanctuary Advisors LLC now owns 9,685 shares of the company’s stock worth $662,000 after acquiring an additional 231 shares during the period. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DOCU has been the topic of several analyst reports. Wedbush reduced their target price on Docusign from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Wall Street Zen lowered shares of Docusign from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. UBS Group set a $60.00 target price on shares of Docusign in a report on Friday, June 5th. Needham & Company LLC reiterated a “hold” rating on shares of Docusign in a report on Friday, June 5th. Finally, Jefferies Financial Group lifted their price objective on Docusign from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, June 5th. Three analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $60.27.

Docusign Stock Down 3.0%

Shares of NASDAQ DOCU opened at $50.74 on Wednesday. The firm has a market cap of $9.69 billion, a PE ratio of 32.95, a P/E/G ratio of 1.54 and a beta of 0.90. The company’s fifty day simple moving average is $47.69 and its 200 day simple moving average is $49.14. Docusign Inc. has a 12-month low of $40.16 and a 12-month high of $86.65.

Docusign (NASDAQ:DOCU) last announced its quarterly earnings data on Thursday, June 4th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.10. The firm had revenue of $830.24 million for the quarter, compared to analyst estimates of $824.71 million. Docusign had a net margin of 9.59% and a return on equity of 17.48%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 earnings per share. On average, equities analysts predict that Docusign Inc. will post 2.03 earnings per share for the current year.

Insiders Place Their Bets

In other Docusign news, CFO Blake Jeffrey Grayson sold 15,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $45.55, for a total value of $683,250.00. Following the transaction, the chief financial officer owned 141,429 shares in the company, valued at approximately $6,442,090.95. This represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider James P. Shaughnessy sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $45.54, for a total value of $546,480.00. Following the sale, the insider owned 52,815 shares of the company’s stock, valued at approximately $2,405,195.10. This represents a 18.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 76,695 shares of company stock valued at $3,476,002. 0.59% of the stock is currently owned by corporate insiders.

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.