Shares of Duck Creek Technologies, Inc. (NASDAQ:DCT) have been assigned an average recommendation of “Buy” from the ten brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $52.86.
DCT has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 target price on shares of Duck Creek Technologies in a research report on Friday, July 9th. Barclays reduced their price objective on Duck Creek Technologies from $49.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, July 9th. Stifel Nicolaus boosted their price objective on Duck Creek Technologies from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, September 7th. Zacks Investment Research lowered Duck Creek Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, September 8th. Finally, JPMorgan Chase & Co. upgraded Duck Creek Technologies from a “neutral” rating to an “overweight” rating and set a $62.00 price objective for the company in a research report on Tuesday, July 13th.
In other news, insider Anirban Dey sold 2,000 shares of the business’s stock in a transaction on Monday, June 21st. The stock was sold at an average price of $40.46, for a total value of $80,920.00. Following the sale, the insider now owns 426,275 shares of the company’s stock, valued at approximately $17,247,086.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vincent A. Chippari sold 49,940 shares of the business’s stock in a transaction on Monday, July 12th. The stock was sold at an average price of $40.36, for a total value of $2,015,578.40. Following the sale, the chief financial officer now directly owns 410,344 shares in the company, valued at $16,561,483.84. The disclosure for this sale can be found here. Insiders have sold a total of 153,540 shares of company stock worth $6,703,177 in the last ninety days. 4.30% of the stock is owned by company insiders.
Shares of DCT traded up $0.11 during mid-day trading on Friday, hitting $49.72. The stock had a trading volume of 4,435 shares, compared to its average volume of 657,840. The company has a market cap of $6.55 billion and a PE ratio of -190.81. The company’s fifty day simple moving average is $45.20 and its two-hundred day simple moving average is $43.02. Duck Creek Technologies has a fifty-two week low of $33.91 and a fifty-two week high of $59.40.
Duck Creek Technologies (NASDAQ:DCT) last issued its earnings results on Wednesday, July 7th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. The company had revenue of $67.90 million during the quarter, compared to analyst estimates of $63.81 million. Duck Creek Technologies had a negative return on equity of 2.36% and a negative net margin of 13.26%. The company’s revenue was up 25.7% on a year-over-year basis.
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.
Receive News & Ratings for Duck Creek Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duck Creek Technologies and related companies with MarketBeat.com's FREE daily email newsletter.