Nomura Asset Management Co. Ltd. Has $16.14 Million Stock Position in DocuSign, Inc. (NASDAQ:DOCU)

Nomura Asset Management Co. Ltd. grew its position in DocuSign, Inc. (NASDAQ:DOCU) by 20.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 179,453 shares of the company’s stock after purchasing an additional 30,859 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in DocuSign were worth $16,140,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DOCU. Itau Unibanco Holding S.A. bought a new stake in shares of DocuSign in the 3rd quarter valued at approximately $28,000. Kestra Investment Management LLC bought a new position in DocuSign during the fourth quarter valued at about $30,000. Brooklyn Investment Group acquired a new stake in shares of DocuSign in the third quarter worth about $33,000. Modus Advisors LLC bought a new stake in shares of DocuSign during the 4th quarter worth about $36,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of DocuSign by 102.6% during the 4th quarter. First Horizon Advisors Inc. now owns 397 shares of the company’s stock valued at $36,000 after acquiring an additional 201 shares during the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

DocuSign Stock Down 2.9 %

DOCU stock opened at $83.18 on Friday. DocuSign, Inc. has a twelve month low of $48.70 and a twelve month high of $107.86. The company has a market cap of $16.84 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 6.94 and a beta of 1.02. The business’s 50-day simple moving average is $87.18 and its 200 day simple moving average is $81.36.

DocuSign (NASDAQ:DOCU) last announced its quarterly earnings data on Thursday, March 13th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. The company had revenue of $776.25 million for the quarter, compared to analyst estimates of $760.94 million. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. DocuSign’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS. On average, equities research analysts anticipate that DocuSign, Inc. will post 1.17 EPS for the current year.

Insider Buying and Selling at DocuSign

In other DocuSign news, insider James P. Shaughnessy sold 7,500 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $90.17, for a total value of $676,275.00. Following the sale, the insider now directly owns 43,781 shares in the company, valued at $3,947,732.77. This represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Allan C. Thygesen sold 40,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $90.04, for a total value of $3,601,600.00. Following the transaction, the chief executive officer now owns 156,050 shares of the company’s stock, valued at $14,050,742. This represents a 20.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,851 shares of company stock valued at $8,579,369 in the last 90 days. 1.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DOCU. Robert W. Baird set a $93.00 target price on DocuSign in a report on Friday, March 14th. JMP Securities restated a “market outperform” rating and issued a $124.00 price objective on shares of DocuSign in a research note on Tuesday, January 7th. Wells Fargo & Company upped their price objective on shares of DocuSign from $70.00 to $73.00 and gave the stock an “underweight” rating in a report on Friday, March 14th. Morgan Stanley lifted their target price on shares of DocuSign from $62.00 to $97.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Finally, Citigroup upped their price target on shares of DocuSign from $113.00 to $115.00 and gave the company a “buy” rating in a report on Friday, March 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DocuSign has an average rating of “Hold” and a consensus price target of $95.00.

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.