Fiera Capital Corp Makes New $47.92 Million Investment in DocuSign, Inc. (NASDAQ:DOCU)

Fiera Capital Corp purchased a new stake in shares of DocuSign, Inc. (NASDAQ:DOCU) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 532,802 shares of the company’s stock, valued at approximately $47,920,000. Fiera Capital Corp owned about 0.26% of DocuSign at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DOCU. Toronto Dominion Bank raised its position in DocuSign by 30.3% during the third quarter. Toronto Dominion Bank now owns 26,159 shares of the company’s stock valued at $1,624,000 after acquiring an additional 6,081 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of DocuSign by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,328,355 shares of the company’s stock worth $82,478,000 after purchasing an additional 16,014 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of DocuSign by 5,660.8% during the 3rd quarter. International Assets Investment Management LLC now owns 438,914 shares of the company’s stock valued at $27,252,000 after purchasing an additional 431,295 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of DocuSign by 39.5% in the 3rd quarter. Quantinno Capital Management LP now owns 201,546 shares of the company’s stock valued at $12,514,000 after purchasing an additional 57,104 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in DocuSign by 7.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,296,517 shares of the company’s stock worth $80,501,000 after purchasing an additional 85,987 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup raised their target price on DocuSign from $87.00 to $113.00 and gave the company a “buy” rating in a report on Friday, December 6th. Robert W. Baird raised their price objective on DocuSign from $59.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. JMP Securities reaffirmed a “market outperform” rating and set a $124.00 target price on shares of DocuSign in a research report on Tuesday, January 7th. HSBC reiterated a “reduce” rating on shares of DocuSign in a report on Friday, December 6th. Finally, UBS Group boosted their price objective on shares of DocuSign from $60.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $92.45.

Insider Activity

In other DocuSign news, Director Peter Solvik sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $91.26, for a total value of $912,600.00. Following the completion of the sale, the director now owns 150,253 shares in the company, valued at approximately $13,712,088.78. This trade represents a 6.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Allan C. Thygesen sold 7,763 shares of DocuSign stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $80.54, for a total value of $625,232.02. Following the sale, the chief executive officer now directly owns 100,062 shares in the company, valued at $8,058,993.48. The trade was a 7.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 685,773 shares of company stock valued at $66,032,726. Insiders own 1.66% of the company’s stock.

DocuSign Price Performance

NASDAQ:DOCU opened at $88.29 on Thursday. The stock has a market cap of $17.84 billion, a P/E ratio of 18.20, a PEG ratio of 7.56 and a beta of 0.89. The company has a fifty day moving average price of $92.94 and a 200 day moving average price of $74.95. DocuSign, Inc. has a one year low of $48.70 and a one year high of $107.86.

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.