FourThought Financial LLC Has $469,000 Stock Holdings in Duck Creek Technologies, Inc. (NASDAQ:DCT)

FourThought Financial LLC cut its holdings in shares of Duck Creek Technologies, Inc. (NASDAQ:DCT – Get Rating) by 11.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,558 shares of the company’s stock after selling 4,936 shares during the period. FourThought Financial LLC’s holdings in Duck Creek Technologies were worth $469,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. M&T Bank Corp lifted its position in shares of Duck Creek Technologies by 2.6% in the 3rd quarter. M&T Bank Corp now owns 114,171 shares of the company’s stock worth $1,353,000 after purchasing an additional 2,943 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Duck Creek Technologies by 4.8% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 17,546,504 shares of the company’s stock worth $207,926,000 after purchasing an additional 805,053 shares during the period. Balyasny Asset Management LLC lifted its position in shares of Duck Creek Technologies by 105.5% during the 3rd quarter. Balyasny Asset Management LLC now owns 209,557 shares of the company’s stock valued at $2,484,000 after acquiring an additional 107,581 shares during the period. State Street Corp lifted its position in shares of Duck Creek Technologies by 2.2% during the 3rd quarter. State Street Corp now owns 1,566,568 shares of the company’s stock valued at $18,564,000 after acquiring an additional 33,237 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Duck Creek Technologies by 88.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 410,720 shares of the company’s stock valued at $4,867,000 after acquiring an additional 192,967 shares during the period. 74.55% of the stock is currently owned by institutional investors and hedge funds.

Duck Creek Technologies Price Performance

NASDAQ DCT opened at $18.97 on Friday. Duck Creek Technologies, Inc. has a 1 year low of $10.04 and a 1 year high of $23.05. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of -172.45, a PEG ratio of 7.11 and a beta of 0.59. The company has a fifty day moving average price of $18.81 and a 200-day moving average price of $14.10.

Analysts Set New Price Targets

DCT has been the topic of a number of research reports. DA Davidson downgraded shares of Duck Creek Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the company from $22.00 to $19.00 in a research report on Wednesday, February 8th. JPMorgan Chase & Co. initiated coverage on shares of Duck Creek Technologies in a research report on Thursday, December 1st. They set a “neutral” rating and a $13.00 target price on the stock. Raymond James downgraded shares of Duck Creek Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 17th. Bank of America downgraded shares of Duck Creek Technologies from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $16.00 to $11.00 in a research report on Wednesday, January 4th. Finally, Needham & Company LLC lowered shares of Duck Creek Technologies from a “buy” rating to a “hold” rating in a research note on Monday, January 9th. One equities research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat.com, Duck Creek Technologies currently has an average rating of “Hold” and an average price target of $16.78.

About Duck Creek Technologies

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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.