American Century Companies Inc. Buys 162,299 Shares of Docusign Inc. $DOCU

Key Points

• American Century Companies Inc. has increased its stake in Docusign by 3.1%, now owning 5,477,758 shares valued at approximately $445.89 million.
• Several institutional investors have significantly raised their positions in Docusign, with Hemington Wealth Management increasing holdings by 318.1% and Golden State Wealth Management by 519.4% in the 1st quarter.
• Docusign recently launched a $1 billion stock repurchase program, indicating that the board believes the stock is undervalued, while the company reported earnings of $0.90 per share, surpassing analyst expectations.

American Century Companies Inc. grew its position in Docusign Inc. (NASDAQ:DOCU - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,477,758 shares of the company's stock after purchasing an additional 162,299 shares during the period. American Century Companies Inc. owned about 2.71% of Docusign worth $445,890,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hemington Wealth Management raised its holdings in shares of Docusign by 318.1% in the first quarter. Hemington Wealth Management now owns 347 shares of the company's stock valued at $28,000 after purchasing an additional 264 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in Docusign by 519.4% during the first quarter. Golden State Wealth Management LLC now owns 384 shares of the company's stock worth $31,000 after buying an additional 322 shares during the last quarter. Wood Tarver Financial Group LLC purchased a new stake in Docusign during the fourth quarter worth about $37,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Docusign by 153.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 453 shares of the company's stock worth $37,000 after purchasing an additional 274 shares during the period. Finally, McIlrath & Eck LLC raised its holdings in shares of Docusign by 476.0% in the 4th quarter. McIlrath & Eck LLC now owns 432 shares of the company's stock worth $39,000 after purchasing an additional 357 shares during the period. Hedge funds and other institutional investors own 77.64% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on DOCU. Wells Fargo & Company raised shares of Docusign from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $67.00 to $80.00 in a report on Friday, June 13th. Needham & Company LLC reiterated a "hold" rating on shares of Docusign in a research report on Friday, June 6th. Bank of America cut their price objective on shares of Docusign from $88.00 to $85.00 and set a "neutral" rating for the company in a research report on Friday, June 6th. Wedbush cut their price objective on shares of Docusign from $100.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, June 12th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Docusign from $81.00 to $77.00 and set a "neutral" rating for the company in a research report on Friday, June 6th. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, Docusign has a consensus rating of "Hold" and a consensus target price of $89.77.

Docusign Stock Performance

Docusign stock traded down $0.82 during mid-day trading on Tuesday, hitting $70.88. 1,649,709 shares of the company traded hands, compared to its average volume of 2,595,508. The stock has a market cap of $14.32 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 26.46 and a beta of 1.01. Docusign Inc. has a one year low of $54.31 and a one year high of $107.86. The stock has a fifty day moving average price of $75.78 and a 200-day moving average price of $80.85.

Docusign (NASDAQ:DOCU - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.09. The firm had revenue of $763.65 million during the quarter, compared to analyst estimates of $748.79 million. Docusign had a net margin of 36.50% and a return on equity of 14.27%. The business's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 EPS. Docusign has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Sell-side analysts predict that Docusign Inc. will post 1.17 EPS for the current year.

Docusign announced that its Board of Directors has authorized a stock buyback plan on Thursday, June 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy up to 6.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Docusign

In other Docusign news, insider Robert Chatwani sold 22,875 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $74.79, for a total transaction of $1,710,821.25. Following the completion of the sale, the insider directly owned 72,126 shares in the company, valued at $5,394,303.54. This represents a 24.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Blake Jeffrey Grayson sold 15,143 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $74.80, for a total transaction of $1,132,696.40. Following the sale, the chief financial officer directly owned 110,723 shares of the company's stock, valued at $8,282,080.40. The trade was a 12.03% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,552 shares of company stock valued at $5,983,631. 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.