Schroder Investment Management Group Has $75.67 Million Stock Position in DocuSign, Inc. (NASDAQ:DOCU)

Schroder Investment Management Group increased its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 8.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 825,227 shares of the company's stock after purchasing an additional 64,228 shares during the period. Schroder Investment Management Group owned 0.41% of DocuSign worth $75,673,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DOCU. Citizens Financial Group Inc. RI boosted its stake in shares of DocuSign by 2.3% during the 4th quarter. Citizens Financial Group Inc. RI now owns 5,990 shares of the company's stock worth $539,000 after acquiring an additional 133 shares during the period. Rakuten Securities Inc. boosted its position in DocuSign by 20.9% during the fourth quarter. Rakuten Securities Inc. now owns 797 shares of the company's stock worth $72,000 after purchasing an additional 138 shares during the period. Synergy Financial Group LTD increased its holdings in shares of DocuSign by 3.4% in the fourth quarter. Synergy Financial Group LTD now owns 4,241 shares of the company's stock valued at $381,000 after purchasing an additional 140 shares during the last quarter. M&T Bank Corp raised its position in shares of DocuSign by 1.3% in the fourth quarter. M&T Bank Corp now owns 10,840 shares of the company's stock valued at $975,000 after purchasing an additional 143 shares during the period. Finally, Avior Wealth Management LLC lifted its stake in shares of DocuSign by 36.5% during the 4th quarter. Avior Wealth Management LLC now owns 542 shares of the company's stock worth $49,000 after buying an additional 145 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts recently commented on DOCU shares. Robert W. Baird set a $93.00 price target on shares of DocuSign in a research note on Friday, March 14th. UBS Group dropped 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. Bank of America decreased their price objective on DocuSign from $112.00 to $98.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Wells Fargo & Company lifted their target price on DocuSign from $70.00 to $73.00 and gave the stock an "underweight" rating in a report on Friday, March 14th. Finally, JPMorgan Chase & Co. upgraded shares of DocuSign from an "underweight" rating to a "neutral" rating and upped their price target for the company from $70.00 to $75.00 in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $95.83.

DocuSign Price Performance

DOCU traded up $0.71 during trading on Wednesday, hitting $83.40. 1,657,630 shares of the stock traded hands, compared to its average volume of 2,690,884. The business has a 50 day moving average price of $86.67 and a 200 day moving average price of $81.91. DocuSign, Inc. has a twelve month low of $48.70 and a twelve month high of $107.86. The company has a market cap of $16.89 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 6.94 and a beta of 1.02.

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

Insider Activity

In related news, Director Teresa Briggs sold 534 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $87.41, for a total value of $46,676.94. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Allan C. Thygesen sold 40,000 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $90.04, for a total transaction of $3,601,600.00. Following the transaction, the chief executive officer now owns 156,050 shares of the company's stock, valued at $14,050,742. This trade represents a 20.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 105,351 shares of company stock worth $9,189,194. Corporate insiders own 1.66% of the company's stock.

DocuSign Profile

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.