Illinois Municipal Retirement Fund lifted its stake in DocuSign, Inc. (NASDAQ:DOCU – Free Report) by 103.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 106,695 shares of the company’s stock after purchasing an additional 54,251 shares during the quarter. Illinois Municipal Retirement Fund owned 0.05% of DocuSign worth $9,596,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of DOCU. Creative Planning boosted its position in shares of DocuSign by 5.6% in the 3rd quarter. Creative Planning now owns 14,453 shares of the company’s stock valued at $897,000 after purchasing an additional 766 shares during the period. Blue Trust Inc. boosted its position in shares of DocuSign by 1,355.9% in the 3rd quarter. Blue Trust Inc. now owns 1,485 shares of the company’s stock valued at $92,000 after purchasing an additional 1,383 shares during the period. Raymond James & Associates boosted its position in shares of DocuSign by 16.3% in the 3rd quarter. Raymond James & Associates now owns 166,406 shares of the company’s stock valued at $10,332,000 after purchasing an additional 23,269 shares during the period. International Assets Investment Management LLC boosted its position in shares of DocuSign by 5,660.8% in the 3rd quarter. International Assets Investment Management LLC now owns 438,914 shares of the company’s stock valued at $27,252,000 after purchasing an additional 431,295 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of DocuSign by 13.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,466 shares of the company’s stock valued at $214,000 after purchasing an additional 413 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.
DocuSign Price Performance
Shares of DocuSign stock opened at $81.69 on Wednesday. The firm has a market cap of $16.50 billion, a price-to-earnings ratio of 16.84, a P/E/G ratio of 6.94 and a beta of 0.89. DocuSign, Inc. has a 52-week low of $48.70 and a 52-week high of $107.86. The stock has a 50-day simple moving average of $91.12 and a 200-day simple moving average of $77.29.
Insider Activity at DocuSign
Wall Street Analyst Weigh In
DOCU has been the subject of a number of research reports. Morgan Stanley raised their price objective on DocuSign from $62.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Hsbc Global Res upgraded DocuSign to a “moderate sell” rating in a research report on Friday, December 6th. Royal Bank of Canada restated a “sector perform” rating and set a $90.00 price objective (up from $57.00) on shares of DocuSign in a research report on Friday, December 6th. JPMorgan Chase & Co. raised their price objective on DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 3rd. Finally, Needham & Company LLC restated a “hold” rating on shares of DocuSign in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $92.45.
View Our Latest Stock Report on DOCU
DocuSign Company 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.
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