QRG Capital Management Inc. Acquires 4,341 Shares of Docusign Inc. $DOCU

Key Points

• QRG Capital Management Inc. increased its holdings in Docusign Inc. by 6.6%, acquiring an additional 4,341 shares, bringing its total to 70,583 shares valued at approximately $5.5 million.
• Several institutional investors, including Pacer Advisors Inc. and Wellington Management Group LLP, made significant purchases during the first quarter, collectively increasing their positions in Docusign and indicating a strong interest in the stock.
• Docusign recently reported earnings of $0.92 EPS, surpassing analysts' expectations, with quarterly revenue of $800.64 million, showing an 8.8% increase year-over-year.

QRG Capital Management Inc. raised its holdings in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) by 6.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,583 shares of the company's stock after acquiring an additional 4,341 shares during the quarter. QRG Capital Management Inc.'s holdings in Docusign were worth $5,498,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. American Century Companies Inc. grew its position in shares of Docusign by 3.1% during the first quarter. American Century Companies Inc. now owns 5,477,758 shares of the company's stock valued at $445,890,000 after purchasing an additional 162,299 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Docusign by 18.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,028,505 shares of the company's stock valued at $165,120,000 after purchasing an additional 318,698 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Docusign by 372.5% during the first quarter. Wellington Management Group LLP now owns 1,826,949 shares of the company's stock valued at $148,714,000 after purchasing an additional 1,440,269 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Docusign by 6.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,431,901 shares of the company's stock valued at $116,557,000 after purchasing an additional 89,948 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Docusign by 809.6% during the first quarter. Pacer Advisors Inc. now owns 1,167,290 shares of the company's stock valued at $95,017,000 after purchasing an additional 1,038,962 shares in the last quarter. 77.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DOCU has been the subject of a number of research analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of Docusign in a research report on Saturday, September 27th. JPMorgan Chase & Co. raised their price objective on Docusign from $77.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, September 5th. UBS Group set a $95.00 price objective on Docusign in a research report on Friday, September 5th. Wedbush cut their price objective on Docusign from $100.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, June 12th. Finally, Royal Bank Of Canada increased their price target on shares of Docusign from $90.00 to $95.00 and gave the company a "sector perform" rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat, Docusign has an average rating of "Hold" and a consensus price target of $94.14.

Docusign Stock Performance

Shares of NASDAQ:DOCU opened at $69.73 on Monday. The firm has a market cap of $14.02 billion, a PE ratio of 52.43, a price-to-earnings-growth ratio of 3.47 and a beta of 1.02. The firm's 50 day simple moving average is $76.17 and its 200-day simple moving average is $79.00. Docusign Inc. has a one year low of $62.66 and a one year high of $107.86.

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

Insider Buying and Selling at Docusign

In other news, insider James P. Shaughnessy sold 7,500 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $71.19, for a total transaction of $533,925.00. Following the transaction, the insider directly owned 55,442 shares of the company's stock, valued at approximately $3,946,915.98. This trade represents a 11.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Blake Jeffrey Grayson sold 9,509 shares of Docusign stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $83.10, for a total transaction of $790,197.90. Following the transaction, the chief financial officer directly owned 112,160 shares in the company, valued at approximately $9,320,496. The trade was a 7.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,533 shares of company stock valued at $7,281,953. 1.66% of the stock is owned by corporate insiders.

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.

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