Duck Creek Technologies (NASDAQ:DCT) released its earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.03, MarketWatch Earnings reports. The company had revenue of $58.90 million during the quarter, compared to analyst estimates of $55.80 million. Duck Creek Technologies’s revenue was up 26.4% compared to the same quarter last year.
DCT stock traded up $1.01 during trading on Friday, hitting $43.11. The company had a trading volume of 15,644 shares, compared to its average volume of 410,400. The firm has a market capitalization of $5.64 billion and a price-to-earnings ratio of -382.73. The business has a 50 day moving average of $42.97 and a 200 day moving average of $42.54. Duck Creek Technologies has a fifty-two week low of $35.10 and a fifty-two week high of $48.00.
DCT has been the topic of several research analyst reports. Barclays raised their target price on shares of Duck Creek Technologies from $43.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 21st. Raymond James lifted their price target on shares of Duck Creek Technologies from $44.00 to $49.00 and gave the company an “outperform” rating in a research report on Wednesday, October 21st. Zacks Investment Research raised shares of Duck Creek Technologies from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Wednesday, November 11th. Needham & Company LLC lifted their price target on shares of Duck Creek Technologies from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Finally, Royal Bank of Canada lifted their price target on shares of Duck Creek Technologies from $45.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, October 21st. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $46.50.
In related news, Director (Guernsey) Holdings L.P. Disco sold 720,000 shares of the company’s stock in a transaction dated Tuesday, November 24th. The shares were sold at an average price of $39.77, for a total value of $28,634,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.
Duck Creek Technologies Company Profile
Duck Creek Technologies, Inc provides software-as-a-service core systems to the property and casualty insurance industry in North America. It offers Duck Creek Policy, a full lifecycle solution for the development of products and quoting, binding, and servicing of policies across various channels from agents and brokers to end-users; Duck Creek Billing that provides payment and invoicing capabilities, such as billing and collections, commission processing, disbursement management, and general ledger capabilities for insurance lines and bill types; and Duck Creek Claims that supports the entire claims lifecycle from first notice of loss through investigation, payments, negotiations, reporting, and closure.
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