Burney Co. Purchases 7,364 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Burney Co. grew its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 200,646 shares of the company’s stock after purchasing an additional 7,364 shares during the quarter. Burney Co.’s holdings in DocuSign were worth $18,046,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DOCU. State Street Corp boosted its stake in shares of DocuSign by 2.3% during the 3rd quarter. State Street Corp now owns 5,372,939 shares of the company’s stock worth $333,604,000 after acquiring an additional 120,743 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of DocuSign by 77.9% during the 2nd quarter. Pacer Advisors Inc. now owns 3,519,969 shares of the company’s stock valued at $188,318,000 after acquiring an additional 1,541,816 shares during the period. Geode Capital Management LLC increased its holdings in DocuSign by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,483,184 shares of the company’s stock worth $215,789,000 after acquiring an additional 53,554 shares in the last quarter. Clearbridge Investments LLC raised its stake in DocuSign by 4.1% during the 2nd quarter. Clearbridge Investments LLC now owns 2,920,842 shares of the company’s stock worth $156,265,000 after acquiring an additional 115,616 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in DocuSign by 5.2% during the third quarter. Thrivent Financial for Lutherans now owns 2,277,312 shares of the company’s stock valued at $141,398,000 after purchasing an additional 112,919 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

DocuSign Trading Up 1.3 %

DOCU opened at $91.30 on Wednesday. DocuSign, Inc. has a 12 month low of $48.70 and a 12 month high of $107.86. The stock has a fifty day moving average price of $87.95 and a 200-day moving average price of $69.61. The firm has a market cap of $18.44 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 8.70 and a beta of 0.88.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. HSBC restated a “reduce” rating on shares of DocuSign in a research report on Friday, December 6th. Hsbc Global Res raised DocuSign to a “moderate sell” rating in a research note on Friday, December 6th. Morgan Stanley increased their price objective on shares of DocuSign from $62.00 to $97.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. JMP Securities reissued a “market outperform” rating and issued a $124.00 price objective on shares of DocuSign in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company increased their price target on DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a report on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $92.45.

Insider Buying and Selling at DocuSign

In other DocuSign news, CEO Allan C. Thygesen sold 7,764 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $69.95, for a total transaction of $543,091.80. Following the sale, the chief executive officer now owns 107,825 shares of the company’s stock, valued at approximately $7,542,358.75. The trade was a 6.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Teresa Briggs sold 534 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $94.60, for a total transaction of $50,516.40. Following the completion of the transaction, the director now directly owns 7,736 shares of the company’s stock, valued at approximately $731,825.60. This represents a 6.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 693,537 shares of company stock valued at $66,575,817. 1.66% of the stock is currently owned by insiders.

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.