Nomura Holdings Inc. Decreases Stake in Docusign Inc. $DOCU

Key Points

• Nomura Holdings Inc. has reduced its stock holdings in Docusign Inc. by 69.9%, selling 18,826 shares and now holding 8,106 shares valued at approximately $660,000.
• Several institutional investors, including American Century Companies Inc. and Wellington Management Group LLP, have recently adjusted their stakes in Docusign, indicating a mix of increased and decreased investments among different firms.
• Docusign recently posted earnings of $0.92 per share, exceeding estimates, and announced a $1 billion share repurchase plan as the company believes its stock is undervalued.

Nomura Holdings Inc. decreased its holdings in Docusign Inc. (NASDAQ:DOCU - Free Report) by 69.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,106 shares of the company's stock after selling 18,826 shares during the quarter. Nomura Holdings Inc.'s holdings in Docusign were worth $660,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of DOCU. Ameriprise Financial Inc. raised its position in shares of Docusign by 24.7% during the 4th quarter. Ameriprise Financial Inc. now owns 1,186,106 shares of the company's stock worth $106,703,000 after purchasing an additional 235,145 shares during the period. Captrust Financial Advisors grew its holdings in Docusign by 8.8% in the 4th quarter. Captrust Financial Advisors now owns 41,989 shares of the company's stock worth $3,776,000 after buying an additional 3,402 shares in the last quarter. Cetera Investment Advisers grew its holdings in Docusign by 11.8% in the 4th quarter. Cetera Investment Advisers now owns 50,329 shares of the company's stock worth $4,527,000 after buying an additional 5,302 shares in the last quarter. CoreCap Advisors LLC boosted its stake in Docusign by 113.4% during the 4th quarter. CoreCap Advisors LLC now owns 2,044 shares of the company's stock valued at $184,000 after purchasing an additional 1,086 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Docusign by 26.3% during the 4th quarter. Deutsche Bank AG now owns 546,078 shares of the company's stock valued at $49,114,000 after purchasing an additional 113,608 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company's stock.

Docusign Price Performance

Shares of DOCU stock traded down $1.92 during trading hours on Tuesday, reaching $79.81. The company had a trading volume of 4,208,329 shares, compared to its average volume of 2,657,983. The company has a 50 day moving average of $75.61 and a 200 day moving average of $79.29. The firm has a market cap of $16.13 billion, a price-to-earnings ratio of 60.01, a P/E/G ratio of 29.81 and a beta of 1.02. Docusign Inc. has a 1-year low of $54.31 and a 1-year high of $107.86.

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

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

Insiders Place Their Bets

In other news, CEO Allan C. Thygesen sold 40,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $77.51, for a total transaction of $3,100,400.00. Following the completion of the sale, the chief executive officer owned 143,983 shares in the company, valued at $11,160,122.33. The trade was a 21.74% 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, insider Robert Chatwani sold 22,875 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $74.79, for a total value of $1,710,821.25. Following the completion of the sale, the insider 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. Over the last ninety days, insiders have sold 78,552 shares of company stock worth $5,983,631. Company insiders own 1.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DOCU shares. Bank of America lifted their target price on Docusign from $85.00 to $102.00 and gave the stock a "neutral" rating in a report on Friday. Royal Bank Of Canada boosted their price target on Docusign from $90.00 to $95.00 and gave the stock a "sector perform" rating in a research report on Friday. Argus reaffirmed a "hold" rating on shares of Docusign in a research report on Monday. UBS Group set a $95.00 target price on Docusign in a report on Friday. Finally, Evercore ISI upped their price target on Docusign from $90.00 to $92.00 and gave the company an "in-line" rating in a report on Friday. Four research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $94.14.

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.