Federation des caisses Desjardins du Quebec Purchases 30,439 Shares of Docusign Inc. $DOCU

Key Points

• The Federation des caisses Desjardins du Quebec raised its stake in Docusign Inc. by 83.0%, acquiring an additional 30,439 shares, bringing its total holdings to 67,107 shares valued at approximately $5.46 million.
• Docusign has received substantial investments from institutional investors, with Pacer Advisors Inc. increasing its position by 809.6% and acquiring over 1 million shares in the first quarter.
• The company recently authorized a $1.00 billion stock repurchase plan, reflecting the belief that its shares are currently undervalued.

Federation des caisses Desjardins du Quebec lifted its holdings in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) by 83.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,107 shares of the company's stock after buying an additional 30,439 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Docusign were worth $5,464,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP raised its holdings in Docusign by 372.5% during the first quarter. Wellington Management Group LLP now owns 1,826,949 shares of the company's stock worth $148,714,000 after purchasing an additional 1,440,269 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Docusign by 809.6% during the first quarter. Pacer Advisors Inc. now owns 1,167,290 shares of the company's stock worth $95,017,000 after purchasing an additional 1,038,962 shares in the last quarter. Nuveen LLC purchased a new position in Docusign in the first quarter valued at about $50,459,000. Victory Capital Management Inc. increased its holdings in Docusign by 251.0% in the first quarter. Victory Capital Management Inc. now owns 734,588 shares of the company's stock valued at $59,795,000 after buying an additional 525,294 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in Docusign by 362.2% in the first quarter. Jennison Associates LLC now owns 662,817 shares of the company's stock valued at $53,953,000 after buying an additional 519,423 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company's stock.

Docusign Trading Up 2.3%

Docusign stock traded up $1.87 during midday trading on Monday, reaching $81.73. 5,039,194 shares of the stock traded hands, compared to its average volume of 2,646,872. The firm has a fifty day moving average price of $75.53 and a two-hundred day moving average price of $79.30. The firm has a market cap of $16.51 billion, a price-to-earnings ratio of 61.45, a PEG ratio of 29.81 and a beta of 1.02. Docusign Inc. has a fifty-two week low of $54.31 and a fifty-two week high of $107.86.

Docusign (NASDAQ:DOCU - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.08. Docusign had a return on equity of 14.01% and a net margin of 9.08%.The firm had revenue of $800.64 million during the quarter, compared to analyst estimates of $780.35 million. During the same period last year, the company posted $0.97 EPS. The firm's quarterly revenue was up 8.8% on a year-over-year basis. Docusign has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. Analysts anticipate that Docusign Inc. will post 1.17 earnings per share for the current year.

Docusign declared that its board has authorized a stock repurchase program on Thursday, June 5th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 6.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at Docusign

In related news, CFO Blake Jeffrey Grayson sold 15,143 shares of the company's 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 completion of the sale, the chief financial officer directly owned 110,723 shares of the company's stock, valued at approximately $8,282,080.40. This represents a 12.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Teresa Briggs sold 534 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $74.37, for a total transaction of $39,713.58. Following the completion of the sale, the director directly owned 8,805 shares of the company's stock, valued at approximately $654,827.85. This trade represents a 5.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,552 shares of company stock worth $5,983,631. Company insiders own 1.66% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on DOCU shares. JMP Securities reaffirmed a "market outperform" rating and issued a $124.00 target price on shares of Docusign in a report on Friday. Wells Fargo & Company raised their target price on shares of Docusign from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Friday. Morgan Stanley lifted their price target on shares of Docusign from $86.00 to $90.00 and gave the company an "equal weight" rating in a report on Monday. Citigroup lifted their price target on shares of Docusign from $110.00 to $115.00 and gave the company a "buy" rating in a report on Thursday. Finally, Needham & Company LLC reissued a "hold" rating on shares of Docusign in a research note on Friday. Four research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Docusign currently has an average rating of "Hold" and an average price target of $94.14.

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.