Public Employees Retirement System of Ohio Takes $2.95 Million Position in Docusign Inc. $DOCU

Key Points

• Ohio’s public employees’ retirement system acquired 66,379 DocuSign shares worth approximately $2.95 million in the second quarter. Institutional investors now own 77.64% of DOCU.
• DocuSign exceeded quarterly expectations, reporting $875.7 million in revenue and adjusted earnings of $1.16 per share, while raising its fiscal 2027 outlook. AI-powered tools and Intelligent Agreement Management adoption are emerging as key growth drivers.
• Analyst sentiment remains cautious despite higher price targets: the stock carries a consensus “Hold” rating with an average target of $67.33, while shares recently traded at $68.41 and insiders have sold more than $4.3 million worth of stock over 90 days.

Public Employees Retirement System of Ohio bought a new position in Docusign Inc. (NASDAQ:DOCU - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 66,379 shares of the company's stock, valued at approximately $2,949,000.

Several other hedge funds also recently added to or reduced their stakes in DOCU. Bank of America Corp DE raised its holdings in shares of Docusign by 23.3% in the first quarter. Bank of America Corp DE now owns 1,193,163 shares of the company's stock worth $56,568,000 after buying an additional 225,801 shares during the period. Capital World Investors boosted its holdings in Docusign by 38.1% during the 4th quarter. Capital World Investors now owns 5,815,804 shares of the company's stock valued at $397,801,000 after acquiring an additional 1,603,900 shares during the period. Assenagon Asset Management S.A. grew its position in Docusign by 247.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 349,038 shares of the company's stock valued at $15,504,000 after acquiring an additional 248,597 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Docusign in the 4th quarter valued at $6,897,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Docusign in the fourth quarter worth $1,750,000. 77.64% of the stock is currently owned by institutional investors.

More Docusign News

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: Quarterly results exceeded expectations. DocuSign reported revenue of $875.7 million, up 9.4% year over year and ahead of the $867.2 million consensus estimate. Adjusted earnings of $1.16 per share also surpassed expectations of approximately $1.08-$1.09. DocuSign Announces Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Management raised its fiscal 2027 outlook. The company increased guidance for revenue, annual recurring revenue (ARR) and the percentage of ARR generated by its Intelligent Agreement Management (IAM) platform. Third-quarter revenue guidance of $886 million-$890 million was broadly in line with analyst expectations. DocuSign raises annual forecast as AI-powered contract tools gain traction
• Positive Sentiment: AI and IAM adoption are becoming key growth drivers. New AI-powered contract tools are gaining traction, while stronger retention and IAM momentum suggest DocuSign is broadening its addressable market beyond electronic signatures. CFO Blake Grayson said strengthening partnerships supported the higher ARR forecast.
• Positive Sentiment: DocuSign is opening its Model Context Protocol server to all AI agents globally on September 30. The initiative could make DocuSign’s agreement technology more accessible across agentic enterprise software ecosystems and support future platform usage. DocuSign Agreement Layer for the Agentic Enterprise Coming to Every Agent
• Positive Sentiment: Several analysts raised their price targets following the earnings report, including UBS to $70, BTIG to $75 and Citizens JMP to $86. Morgan Stanley also reportedly increased its target, while technical traders noted a bullish “golden cross.”
• Neutral Sentiment: Analyst opinion remains divided. Bank of America raised its target to $64 but retained an “underperform” rating; UBS maintained “neutral,” and Needham reiterated “hold.” This suggests some analysts view the recent rally as having already priced in much of the improvement.
• Negative Sentiment: The stock reversed some early gains despite the earnings beat. With shares trading well above their 200-day average and at a relatively elevated earnings multiple, investors may be concerned that expectations for AI-driven growth are becoming demanding.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DOCU. UBS Group boosted their target price on shares of Docusign from $54.00 to $70.00 and gave the company a "neutral" rating in a research note on Friday. Piper Sandler raised their price target on shares of Docusign from $52.00 to $75.00 and gave the stock a "neutral" rating in a research note on Friday. Evercore set a $65.00 price objective on shares of Docusign in a report on Friday. Needham & Company LLC restated a "hold" rating on shares of Docusign in a research note on Friday. Finally, BTIG Research raised their target price on shares of Docusign from $60.00 to $75.00 and gave the stock a "buy" rating in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $67.33.

Docusign Stock Up 3.7%

Shares of DOCU stock opened at $68.41 on Friday. The firm has a market cap of $13.06 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 2.34 and a beta of 0.90. The company's 50 day moving average is $55.70 and its 200 day moving average is $49.87. Docusign Inc. has a 52-week low of $40.16 and a 52-week high of $86.65.

Docusign (NASDAQ:DOCU - Get Free Report) last posted its earnings results on Thursday, September 3rd. The company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.07. The company had revenue of $875.75 million during the quarter, compared to analyst estimates of $867.22 million. Docusign had a return on equity of 17.84% and a net margin of 9.82%.Docusign's revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. Analysts anticipate that Docusign Inc. will post 2.03 EPS for the current fiscal year.

Insider Activity

In other Docusign news, CFO Blake Grayson sold 15,000 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $60.00, for a total transaction of $900,000.00. Following the completion of the sale, the chief financial officer directly owned 126,429 shares of the company's stock, valued at approximately $7,585,740. This represents a 10.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider James P. Shaughnessy sold 12,000 shares of the firm's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $45.54, for a total transaction of $546,480.00. Following the completion of the sale, the insider owned 52,815 shares in the company, valued at $2,405,195.10. This represents a 18.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 90,602 shares of company stock worth $4,323,749 over the last ninety days. 0.59% of the stock is currently owned by corporate insiders.

About Docusign

Docusign, Inc NASDAQ: DOCU is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, Docusign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, Docusign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

Docusign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.

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