Meeder Asset Management Inc. Has $1.69 Million Stock Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Meeder Asset Management Inc. raised its position in DocuSign, Inc. (NASDAQ:DOCU) by 8.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,804 shares of the company’s stock after purchasing an additional 1,539 shares during the period. Meeder Asset Management Inc.’s holdings in DocuSign were worth $1,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP boosted its stake in DocuSign by 1,054.0% in the fourth quarter. Wellington Management Group LLP now owns 386,680 shares of the company’s stock valued at $34,778,000 after buying an additional 353,172 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of DocuSign by 111.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 21,712 shares of the company’s stock valued at $1,953,000 after buying an additional 11,455 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of DocuSign by 8.4% in the 4th quarter. Schroder Investment Management Group now owns 825,227 shares of the company’s stock worth $75,673,000 after purchasing an additional 64,228 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in DocuSign by 201.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,158,311 shares of the company’s stock valued at $194,118,000 after acquiring an additional 1,442,639 shares during the last quarter. Finally, PARUS FINANCE UK Ltd bought a new stake in shares of DocuSign during the 4th quarter valued at about $1,862,000. 77.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DOCU has been the topic of a number of recent research reports. Jefferies Financial Group increased their target price on DocuSign from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Bank of America cut their price objective on DocuSign from $112.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Citigroup raised their price target on shares of DocuSign from $113.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. William Blair upgraded DocuSign from a “market perform” rating to an “outperform” rating in a research note on Monday, March 17th. Finally, Robert W. Baird set a $93.00 price target on DocuSign 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 issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $95.00.

DocuSign Trading Down 2.9 %

NASDAQ DOCU opened at $83.18 on Monday. DocuSign, Inc. has a 12 month low of $48.70 and a 12 month high of $107.86. The stock’s 50 day moving average is $87.18 and its 200 day moving average is $81.54. The stock has a market cap of $16.84 billion, a PE ratio of 17.15, a P/E/G ratio of 6.94 and a beta of 1.02.

DocuSign (NASDAQ:DOCU) last posted its quarterly earnings data on Thursday, March 13th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.02. The business had revenue of $776.25 million during 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%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the company earned $0.76 EPS. On average, analysts forecast that DocuSign, Inc. will post 1.17 EPS for the current fiscal year.

Insider Activity

In related news, Director Teresa Briggs sold 534 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $87.41, for a total transaction of $46,676.94. Following the sale, the director now owns 8,270 shares of the company’s stock, valued at $722,880.70. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James P. Shaughnessy sold 7,500 shares of the business’s stock in a transaction dated 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 owns 43,781 shares in the company, valued at $3,947,732.77. The trade was a 14.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 97,851 shares of company stock valued at $8,579,369. Corporate insiders own 1.66% of the company’s stock.

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.