Universal Beteiligungs und Servicegesellschaft mbH Raises Stock Holdings in Docusign Inc. $DOCU

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH raised its stake in DocuSign by 22.7% in Q4, buying 65,789 shares to own 355,990 shares worth about $24.38 million (roughly 0.18% of the company).
• DocuSign's board approved a $2.00 billion stock buyback program (up to ~21% of shares), signaling the board views the stock as potentially undervalued.
• DocuSign beat Q results (EPS $1.01 vs. $0.95 est.; revenue $836.9M vs. $828.2M est., +7.8% YoY), but Wall Street sentiment is largely neutral with a consensus "Hold" and a $61.40 target after several price-target cuts.

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) by 22.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 355,990 shares of the company's stock after purchasing an additional 65,789 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.18% of Docusign worth $24,384,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DOCU. Central Pacific Bank Trust Division acquired a new position in shares of Docusign in the 4th quarter valued at approximately $25,000. True Wealth Design LLC grew its position in shares of Docusign by 105.2% during the fourth quarter. True Wealth Design LLC now owns 433 shares of the company's stock worth $30,000 after buying an additional 222 shares in the last quarter. Aventura Private Wealth LLC acquired a new stake in shares of Docusign during the fourth quarter worth approximately $30,000. SJS Investment Consulting Inc. increased its stake in shares of Docusign by 5,318.2% in the third quarter. SJS Investment Consulting Inc. now owns 596 shares of the company's stock worth $43,000 after buying an additional 585 shares during the last quarter. Finally, CX Institutional increased its stake in shares of Docusign by 5,860.0% in the third quarter. CX Institutional now owns 596 shares of the company's stock worth $43,000 after buying an additional 586 shares during the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Docusign Price Performance

Docusign stock opened at $45.02 on Friday. The company has a market cap of $8.75 billion, a PE ratio of 30.42, a P/E/G ratio of 1.81 and a beta of 0.99. The company has a fifty day moving average price of $46.40 and a two-hundred day moving average price of $58.60. Docusign Inc. has a 12 month low of $40.16 and a 12 month high of $94.67.

Docusign (NASDAQ:DOCU - Get Free Report) last posted its quarterly earnings results on Tuesday, March 17th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.95 by $0.06. Docusign had a net margin of 9.60% and a return on equity of 16.86%. The business had revenue of $836.86 million during the quarter, compared to analyst estimates of $828.23 million. During the same period in the previous year, the business posted $0.86 EPS. The company's quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts anticipate that Docusign Inc. will post 1.76 earnings per share for the current year.

Docusign declared that its board has approved a stock repurchase program on Tuesday, March 17th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the company to buy up to 21% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Insider Activity at Docusign

In related news, insider James P. Shaughnessy sold 12,000 shares of the business's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $46.83, for a total transaction of $561,960.00. Following the completion of the transaction, the insider owned 53,631 shares in the company, valued at $2,511,539.73. The trade was a 18.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Paula Hansen sold 6,000 shares of the company's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $46.84, for a total value of $281,040.00. Following the transaction, the executive owned 79,233 shares of the company's stock, valued at approximately $3,711,273.72. The trade was a 7.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 64,673 shares of company stock valued at $3,077,699. 1.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DOCU. Citigroup downgraded shares of Docusign from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $99.00 to $50.00 in a research note on Friday, April 10th. Robert W. Baird dropped their target price on shares of Docusign from $75.00 to $55.00 and set a "neutral" rating for the company in a research report on Wednesday, March 18th. Needham & Company LLC restated a "hold" rating on shares of Docusign in a research note on Tuesday, March 10th. Piper Sandler reduced their price target on shares of Docusign from $75.00 to $52.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 18th. Finally, JPMorgan Chase & Co. lowered their price objective on Docusign from $78.00 to $65.00 and set a "neutral" rating for the company in a report on Wednesday, March 18th. Three investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $61.40.

Docusign Company Profile

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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