VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 414,615 Docusign Inc. $DOCU

Key Points

• The Virginia Retirement Systems acquired 414,615 shares of DocuSign Inc., valued at approximately $32.3 million, increasing their ownership to 0.21% of the company.
• DocuSign reported an earnings per share (EPS) of $0.92 for the last quarter, exceeding analysts' expectations of $0.84, with revenue rising by 8.8% compared to the previous year.
• After a series of upgrades from various brokerages, DocuSign maintains an average price target of $94.14 and a consensus rating of "Hold."

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 414,615 shares of the company's stock, valued at approximately $32,294,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.21% of Docusign at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. CapWealth Advisors LLC purchased a new stake in Docusign during the second quarter valued at approximately $6,062,000. Arista Wealth Management LLC purchased a new stake in Docusign during the second quarter valued at approximately $312,000. Nordea Investment Management AB raised its position in Docusign by 0.3% during the second quarter. Nordea Investment Management AB now owns 1,114,392 shares of the company's stock valued at $86,410,000 after purchasing an additional 3,680 shares during the period. New York State Teachers Retirement System raised its position in Docusign by 4.9% during the second quarter. New York State Teachers Retirement System now owns 196,624 shares of the company's stock valued at $15,315,000 after purchasing an additional 9,236 shares during the period. Finally, TD Asset Management Inc raised its position in Docusign by 83.4% during the second quarter. TD Asset Management Inc now owns 35,884 shares of the company's stock valued at $2,795,000 after purchasing an additional 16,314 shares during the period. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Docusign Stock Up 1.2%

Shares of NASDAQ:DOCU opened at $67.93 on Monday. Docusign Inc. has a 52-week low of $66.35 and a 52-week high of $107.86. The stock has a market cap of $13.66 billion, a P/E ratio of 51.08, a price-to-earnings-growth ratio of 3.38 and a beta of 1.02. The business's 50 day moving average is $75.02 and its 200 day moving average is $77.93.

Docusign (NASDAQ:DOCU - Get Free Report) last announced its quarterly earnings data 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. Docusign had a return on equity of 14.01% and a net margin of 9.08%.The company had revenue of $800.64 million for the quarter, compared to analysts' expectations of $780.35 million. During the same quarter in the prior year, the firm earned $0.97 earnings per share. Docusign'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. On average, sell-side analysts anticipate that Docusign Inc. will post 1.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on DOCU. Zacks Research upgraded Docusign from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 9th. Piper Sandler upped their price objective on Docusign from $85.00 to $90.00 and gave the company a "neutral" rating in a research report on Friday, September 5th. Morgan Stanley upped their target price on Docusign from $86.00 to $90.00 and gave the company an "equal weight" rating in a research note on Monday, September 8th. Royal Bank Of Canada upped their target price on Docusign from $90.00 to $95.00 and gave the company a "sector perform" rating in a research note on Friday, September 5th. Finally, JPMorgan Chase & Co. upped their target price on Docusign from $77.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Docusign currently has a consensus rating of "Hold" and an average price target of $94.14.

Insider Buying and Selling

In related news, CEO Allan C. Thygesen sold 40,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $69.69, for a total value of $2,787,600.00. Following the transaction, the chief executive officer owned 136,246 shares of the company's stock, valued at $9,494,983.74. This represents a 22.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Blake Jeffrey Grayson sold 9,509 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $83.10, for a total value of $790,197.90. Following the completion of the transaction, the chief financial officer directly owned 112,160 shares in the company, valued at approximately $9,320,496. This trade represents a 7.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,533 shares of company stock valued at $7,709,933 over the last 90 days. 1.66% of the stock is owned by insiders.

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.

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