Fifth Third Bancorp Buys 1,087 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Fifth Third Bancorp lifted its position in DocuSign, Inc. (NASDAQ:DOCU) by 7,246.7% during the 4th quarter, Holdings Channel reports. The firm owned 1,102 shares of the company’s stock after acquiring an additional 1,087 shares during the period. Fifth Third Bancorp’s holdings in DocuSign were worth $99,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in DOCU. KBC Group NV boosted its position in DocuSign by 209.8% during the 3rd quarter. KBC Group NV now owns 1,156,874 shares of the company’s stock valued at $71,830,000 after buying an additional 783,419 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of DocuSign by 42.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,459,580 shares of the company’s stock valued at $90,625,000 after acquiring an additional 434,312 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of DocuSign by 5,660.8% during the third quarter. International Assets Investment Management LLC now owns 438,914 shares of the company’s stock worth $27,252,000 after purchasing an additional 431,295 shares during the period. FMR LLC grew its stake in shares of DocuSign by 16.8% in the third quarter. FMR LLC now owns 2,192,885 shares of the company’s stock worth $136,156,000 after purchasing an additional 315,073 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in DocuSign by 211.4% during the 3rd quarter. Victory Capital Management Inc. now owns 409,877 shares of the company’s stock valued at $25,449,000 after purchasing an additional 278,252 shares during the period. 77.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DOCU. Needham & Company LLC restated a “hold” rating on shares of DocuSign in a report on Friday, December 6th. JMP Securities restated a “market outperform” rating and issued a $124.00 price objective on shares of DocuSign in a report on Tuesday, January 7th. Wells Fargo & Company lifted their target price on shares of DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a research note on Friday, December 6th. Hsbc Global Res raised shares of DocuSign to a “moderate sell” rating in a research note on Friday, December 6th. Finally, Citigroup lifted their price objective on DocuSign from $87.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, DocuSign presently has an average rating of “Hold” and a consensus price target of $92.45.

DocuSign Stock Up 0.9 %

NASDAQ:DOCU opened at $96.73 on Friday. The stock has a market cap of $19.54 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 8.63 and a beta of 0.88. The company’s 50 day moving average price is $91.32 and its 200-day moving average price is $72.85. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86.

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 dated Thursday, January 2nd. The shares were sold at an average price of $90.17, for a total transaction of $676,275.00. Following the sale, the insider now owns 43,781 shares of the company’s stock, valued at $3,947,732.77. This trade represents a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Allan C. Thygesen sold 7,763 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $80.54, for a total transaction of $625,232.02. Following the transaction, the chief executive officer now directly owns 100,062 shares of the company’s stock, valued at $8,058,993.48. The trade was a 7.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 685,773 shares of company stock worth $66,032,726. Insiders own 1.66% of the company’s stock.

DocuSign Company 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.