Schwarz Dygos Wheeler Investment Advisors LLC Takes Position in DocuSign, Inc. (NASDAQ:DOCU)

Schwarz Dygos Wheeler Investment Advisors LLC bought a new stake in DocuSign, Inc. (NASDAQ:DOCU) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,657 shares of the company’s stock, valued at approximately $396,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. New York State Teachers Retirement System raised its holdings in shares of DocuSign by 0.9% in the fourth quarter. New York State Teachers Retirement System now owns 18,282 shares of the company’s stock valued at $1,087,000 after buying an additional 163 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in DocuSign by 2.7% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,975 shares of the company’s stock worth $415,000 after purchasing an additional 184 shares in the last quarter. Whittier Trust Co. raised its holdings in DocuSign by 28.8% during the fourth quarter. Whittier Trust Co. now owns 935 shares of the company’s stock worth $56,000 after purchasing an additional 209 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in DocuSign by 2.2% during the fourth quarter. SeaCrest Wealth Management LLC now owns 11,087 shares of the company’s stock worth $606,000 after purchasing an additional 243 shares in the last quarter. Finally, Performa Ltd US LLC increased its holdings in DocuSign by 50.0% in the third quarter. Performa Ltd US LLC now owns 825 shares of the company’s stock valued at $35,000 after buying an additional 275 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Teresa Briggs sold 499 shares of DocuSign stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $52.99, for a total transaction of $26,442.01. Following the sale, the director now owns 6,169 shares of the company’s stock, valued at approximately $326,895.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other DocuSign news, CEO Allan C. Thygesen sold 7,680 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $61.27, for a total transaction of $470,553.60. Following the completion of the transaction, the chief executive officer now directly owns 111,767 shares of the company’s stock, valued at approximately $6,847,964.09. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Teresa Briggs sold 499 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $52.99, for a total transaction of $26,442.01. Following the transaction, the director now directly owns 6,169 shares of the company’s stock, valued at $326,895.31. The disclosure for this sale can be found here. Insiders have sold 54,871 shares of company stock valued at $3,176,199 in the last quarter. Company insiders own 17.80% of the company’s stock.

Analysts Set New Price Targets

DOCU has been the subject of a number of research analyst reports. Morgan Stanley raised shares of DocuSign from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $49.00 to $64.00 in a report on Tuesday, January 16th. UBS Group raised shares of DocuSign from a “sell” rating to a “neutral” rating and increased their target price for the company from $48.00 to $62.00 in a report on Friday, April 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a report on Friday, April 12th. Wells Fargo & Company dropped their target price on shares of DocuSign from $55.00 to $45.00 and set an “underweight” rating for the company in a report on Monday, February 5th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $84.00 price target on shares of DocuSign in a research report on Friday, April 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, DocuSign has a consensus rating of “Hold” and an average target price of $60.25.

DocuSign Stock Down 0.3 %

Shares of DOCU stock traded down $0.15 during mid-day trading on Friday, reaching $57.20. The company’s stock had a trading volume of 1,117,148 shares, compared to its average volume of 1,479,879. The company’s 50 day simple moving average is $56.49 and its 200-day simple moving average is $52.65. DocuSign, Inc. has a 12-month low of $38.11 and a 12-month high of $64.76. The firm has a market capitalization of $11.75 billion, a PE ratio of 158.89, a price-to-earnings-growth ratio of 4.96 and a beta of 0.89.

DocuSign (NASDAQ:DOCU) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.06. DocuSign had a net margin of 2.68% and a return on equity of 13.91%. The firm had revenue of $712.39 million for the quarter, compared to the consensus estimate of $698.05 million. As a group, research analysts anticipate that DocuSign, Inc. will post 0.87 EPS for the current fiscal 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.