Select Equity Group L.P. Raises Position in Docusign Inc. $DOCU

Key Points

• Select Equity Group L.P. increased its stake in Docusign Inc. by 48.0%, owning 489,555 shares valued at approximately $39.85 million at the end of the first quarter.
• Analysts have varying ratings for Docusign, with Citigroup raising their price target to $115.00 and giving it a "buy" rating, while the average rating remains a "hold" with a price target of $93.14.
• Docusign reported a quarterly EPS of $0.92, exceeding estimates, with revenue of $800.64 million, and has initiated a stock buyback program allowing for up to $1 billion in repurchases.

Select Equity Group L.P. boosted its stake in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) by 48.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 489,555 shares of the company's stock after purchasing an additional 158,877 shares during the quarter. Select Equity Group L.P. owned 0.24% of Docusign worth $39,850,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DOCU. Hemington Wealth Management raised its stake in Docusign by 318.1% during the first quarter. Hemington Wealth Management now owns 347 shares of the company's stock worth $28,000 after acquiring an additional 264 shares in the last quarter. Banque Transatlantique SA acquired a new position in Docusign in the first quarter worth $26,000. Golden State Wealth Management LLC boosted its stake in Docusign by 519.4% in the first quarter. Golden State Wealth Management LLC now owns 384 shares of the company's stock worth $31,000 after purchasing an additional 322 shares in the last quarter. Summit Securities Group LLC acquired a new position in Docusign in the first quarter worth $34,000. Finally, Wood Tarver Financial Group LLC acquired a new position in Docusign in the fourth quarter worth $37,000. Institutional investors and hedge funds own 77.64% of the company's stock.

Docusign Price Performance

DOCU stock traded up $0.01 during midday trading on Friday, reaching $80.25. The company had a trading volume of 1,047,604 shares, compared to its average volume of 2,672,803. Docusign Inc. has a 1-year low of $55.14 and a 1-year high of $107.86. The stock has a 50 day moving average price of $75.72 and a 200-day moving average price of $79.26. The company has a market capitalization of $16.14 billion, a price-to-earnings ratio of 60.28, a price-to-earnings-growth ratio of 4.13 and a beta of 1.02.

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

Docusign announced that its Board of Directors has initiated a share buyback program on Thursday, June 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 6.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling at Docusign

In other Docusign news, CFO Blake Jeffrey Grayson sold 15,143 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $74.80, for a total transaction of $1,132,696.40. Following the transaction, the chief financial officer directly owned 110,723 shares in the company, valued at approximately $8,282,080.40. This trade represents a 12.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Allan C. Thygesen sold 40,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $77.51, for a total value of $3,100,400.00. Following the sale, the chief executive officer directly owned 143,983 shares of the company's stock, valued at approximately $11,160,122.33. This represents a 21.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,899 shares of company stock worth $6,090,570. Company insiders own 1.01% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DOCU. Wells Fargo & Company lifted their price objective on Docusign from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Friday, September 5th. UBS Group set a $95.00 price target on shares of Docusign in a research report on Friday, September 5th. JMP Securities reissued a "market outperform" rating and issued a $124.00 price target on shares of Docusign in a research note on Friday, September 5th. Argus reissued a "hold" rating on shares of Docusign in a research note on Monday. Finally, Evercore ISI increased their price target on Docusign from $90.00 to $92.00 and gave the company an "in-line" rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus 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.