New York State Common Retirement Fund Purchases 285,710 Shares of Duck Creek Technologies, Inc. (NASDAQ:DCT)

New York State Common Retirement Fund increased its position in Duck Creek Technologies, Inc. (NASDAQ:DCTGet Rating) by 57.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 780,666 shares of the company’s stock after purchasing an additional 285,710 shares during the quarter. New York State Common Retirement Fund owned approximately 0.59% of Duck Creek Technologies worth $17,268,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Truist Financial Corp grew its stake in Duck Creek Technologies by 28.5% in the 1st quarter. Truist Financial Corp now owns 67,393 shares of the company’s stock valued at $1,491,000 after buying an additional 14,967 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in Duck Creek Technologies by 8.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 37,670 shares of the company’s stock valued at $1,135,000 after buying an additional 2,888 shares during the last quarter. Cornerstone Investment Partners LLC acquired a new position in shares of Duck Creek Technologies during the 4th quarter worth approximately $210,000. Squarepoint Ops LLC grew its position in shares of Duck Creek Technologies by 335.3% during the 4th quarter. Squarepoint Ops LLC now owns 185,843 shares of the company’s stock worth $5,596,000 after purchasing an additional 143,148 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new position in shares of Duck Creek Technologies during the 4th quarter worth approximately $493,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on DCT shares. JMP Securities lowered shares of Duck Creek Technologies from an “outperform” rating to a “market perform” rating in a research report on Friday, July 1st. Barclays decreased their target price on shares of Duck Creek Technologies from $25.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, June 30th. Raymond James decreased their target price on shares of 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. Needham & Company LLC decreased their target price on shares of Duck Creek Technologies from $27.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. Finally, DA Davidson cut their price target on shares of Duck Creek Technologies to $30.00 in a report on Monday, July 4th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $27.50.

Insider Activity at Duck Creek Technologies

In related news, insider Eva F. Harris acquired 3,516 shares of the company’s stock in a transaction that occurred on Friday, July 1st. The stock was acquired at an average price of $14.25 per share, with a total value of $50,103.00. Following the purchase, the insider now directly owns 76,901 shares in the company, valued at $1,095,839.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.90% of the stock is owned by insiders.

Duck Creek Technologies Price Performance

Shares of NASDAQ:DCT opened at $14.00 on Friday. The firm has a 50 day simple moving average of $16.43 and a 200 day simple moving average of $19.16. Duck Creek Technologies, Inc. has a one year low of $13.44 and a one year high of $50.90.

Duck Creek Technologies (NASDAQ:DCTGet Rating) last issued its quarterly earnings data on Wednesday, June 29th. The company reported $0.01 EPS for the quarter. The business had revenue of $72.36 million during the quarter, compared to the consensus estimate of $72.08 million. Duck Creek Technologies had a negative net margin of 3.93% and a positive return on equity of 0.69%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS. Sell-side analysts forecast that Duck Creek Technologies, Inc. will post 0.05 EPS for the current fiscal year.

Duck Creek Technologies Profile

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Duck Creek Technologies (NASDAQ:DCT)

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