Intech Investment Management LLC Has $9.57 Million Position in Docusign Inc. $DOCU

Key Points

• Intech Investment Management LLC reduced its stake in Docusign by 28.5% in the first quarter, owning 117,548 shares valued at approximately $9.57 million.
• Docusign reported $800.64 million in revenue for the recent quarter, surpassing expectations, and announced an earnings per share (EPS) of $0.92, exceeding estimates of $0.84.
• Institutional investors own 77.64% of Docusign's stock, indicating strong support from large investment firms amid recent changes in positions by multiple hedge funds.

Intech Investment Management LLC lessened its holdings in Docusign Inc. (NASDAQ:DOCU - Free Report) by 28.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,548 shares of the company's stock after selling 46,833 shares during the quarter. Intech Investment Management LLC owned 0.06% of Docusign worth $9,568,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Banque Transatlantique SA bought a new stake in shares of Docusign in the 1st quarter valued at approximately $26,000. Hemington Wealth Management boosted its stake in Docusign by 318.1% in the 1st quarter. Hemington Wealth Management now owns 347 shares of the company's stock valued at $28,000 after buying an additional 264 shares in the last quarter. Golden State Wealth Management LLC grew its position in Docusign by 519.4% in the first quarter. Golden State Wealth Management LLC now owns 384 shares of the company's stock valued at $31,000 after acquiring an additional 322 shares during the period. Summit Securities Group LLC acquired a new position in Docusign during the first quarter worth $34,000. Finally, Wood Tarver Financial Group LLC acquired a new position in Docusign during the fourth quarter worth $37,000. 77.64% of the stock is owned by institutional investors.

Docusign Price Performance

DOCU stock opened at $78.82 on Thursday. The company has a 50 day moving average price of $75.69 and a 200 day moving average price of $79.29. Docusign Inc. has a fifty-two week low of $54.31 and a fifty-two week high of $107.86. The stock has a market capitalization of $15.85 billion, a PE ratio of 59.26, a price-to-earnings-growth ratio of 4.18 and a beta of 1.02.

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

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DOCU shares. Piper Sandler boosted their target price on shares of Docusign from $85.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, September 5th. Argus reaffirmed a "hold" rating on shares of Docusign in a research note on Monday. Bank of America raised their price objective on shares of Docusign from $85.00 to $102.00 and gave the stock a "neutral" rating in a report on Friday, September 5th. Royal Bank Of Canada boosted their target price on Docusign from $90.00 to $95.00 and gave the stock a "sector perform" rating in a report on Friday, September 5th. Finally, Wells Fargo & Company raised their price target on Docusign from $80.00 to $85.00 and gave the company an "equal weight" rating in a report on Friday, September 5th. Four equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Docusign has a consensus rating of "Hold" and an average target price of $94.14.

Insider Transactions at Docusign

In other news, CFO Blake Jeffrey Grayson sold 15,143 shares of Docusign stock in a transaction that occurred 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 owned 110,723 shares in the company, valued at $8,282,080.40. The trade was a 12.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Chatwani sold 22,875 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $74.79, for a total transaction of $1,710,821.25. Following the sale, the insider directly owned 72,126 shares of the company's stock, valued at approximately $5,394,303.54. This trade represents a 24.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,552 shares of company stock valued at $5,983,631 in the last three months. Company insiders own 1.01% of the company's stock.

Docusign Company 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.

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