Shares of Duck Creek Technologies, Inc. (NASDAQ:DCT – Get Rating) saw strong trading volume on Monday . 21,954 shares changed hands during mid-day trading, a decline of 97% from the previous session’s volume of 823,367 shares. The stock last traded at $11.95 and had previously closed at $11.65.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. DA Davidson cut their price objective on Duck Creek Technologies to $30.00 in a research report on Monday, July 4th. Royal Bank of Canada lowered Duck Creek Technologies from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $18.00 to $14.00 in a research report on Tuesday, July 19th. JMP Securities lowered Duck Creek Technologies from an “outperform” rating to a “market perform” rating in a research report on Friday, July 1st. Raymond James dropped their price target on Duck Creek Technologies from $24.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, June 30th. Finally, Bank of America lowered Duck Creek Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the company from $39.00 to $16.00 in a research report on Thursday, June 30th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Duck Creek Technologies presently has an average rating of “Hold” and a consensus price target of $23.89.
Duck Creek Technologies Price Performance
The company has a 50 day moving average price of $13.30 and a two-hundred day moving average price of $15.63. The stock has a market cap of $1.57 billion, a PE ratio of -148.38, a PEG ratio of 5.97 and a beta of 0.44.
Duck Creek Technologies (NASDAQ:DCT – Get Rating) last posted its quarterly earnings results on Wednesday, June 29th. The company reported $0.01 earnings per share for the quarter. Duck Creek Technologies had a positive return on equity of 0.69% and a negative net margin of 3.93%. The firm had revenue of $72.36 million during the quarter, compared to analysts’ expectations of $72.08 million. During the same quarter in the previous year, the business earned $0.02 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. As a group, equities analysts predict that Duck Creek Technologies, Inc. will post 0.05 earnings per share for the current fiscal year.
Insider Transactions at Duck Creek Technologies
In other Duck Creek Technologies news, insider Eva F. Harris purchased 3,516 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was purchased at an average price of $14.25 per share, for a total transaction of $50,103.00. Following the completion of the purchase, the insider now directly owns 76,901 shares of the company’s stock, valued at $1,095,839.25. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.90% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of DCT. Psago Value Holdings Ltd. Israel bought a new stake in shares of Duck Creek Technologies in the fourth quarter worth $29,000. First Horizon Advisors Inc. grew its holdings in shares of Duck Creek Technologies by 1,040.6% in the second quarter. First Horizon Advisors Inc. now owns 2,133 shares of the company’s stock worth $31,000 after acquiring an additional 1,946 shares during the period. Prospera Financial Services Inc bought a new stake in shares of Duck Creek Technologies in the first quarter worth $38,000. Wolff Wiese Magana LLC grew its holdings in shares of Duck Creek Technologies by 50.0% in the second quarter. Wolff Wiese Magana LLC now owns 2,711 shares of the company’s stock worth $40,000 after acquiring an additional 904 shares during the period. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Duck Creek Technologies in the second quarter worth $50,000. Hedge funds and other institutional investors own 77.28% of the company’s stock.
About Duck Creek Technologies
Duck Creek Technologies, Inc provides software-as-a-service core systems to the property and casualty insurance industry in the United States and internationally. The company provides Duck Creek Policy, a solution that enables insurers to develop and launch new insurance products and manage various aspects of policy administration ranging from product definition to quoting, binding, and servicing; Duck Creek Billing that provides payment and invoicing capabilities, such as billing and collections, commission processing, disbursement management, and general ledger capabilities for insurance lines and bill types; and Duck Creek Claims that supports entire claims lifecycle from first notice of loss through investigation, payments, negotiations, reporting, and closure.
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