On February 8, 2023, DA Davidson downgraded their outlook for Duck Creek Technologies from Buy to Neutral.
Analyst Price Forecast Suggests 13.24% Downside
As of February 13, 2023, the average one-year price target for Duck Creek Technologies is $16.32. The forecasts range from a low of $11.11 to a high of $23.10. The average price target represents a decrease of 13.24% from its latest reported closing price of $18.81.
The projected annual revenue for Duck Creek Technologies is $335MM, an increase of 8.14%. The projected annual EPS is $0.12.
What are large shareholders doing?
Accenture holds 21,071K shares representing 15.86% ownership of the company. No change in the last quarter.
Kayne Anderson Rudnick Investment Management holds 17,547K shares representing 13.20% ownership of the company. In it's prior filing, the firm reported owning 16,741K shares, representing an increase of 4.59%. The firm decreased its portfolio allocation in DCT by 35.48% over the last quarter.
PSGAX - Virtus KAR Small-Cap Growth Fund holds 10,094K shares representing 7.60% ownership of the company. No change in the last quarter.
Echo Street Capital Management holds 8,438K shares representing 6.35% ownership of the company. In it's prior filing, the firm reported owning 7,426K shares, representing an increase of 11.98%. The firm decreased its portfolio allocation in DCT by 4.24% over the last quarter.
Brown Capital Management holds 7,145K shares representing 5.38% ownership of the company. In it's prior filing, the firm reported owning 7,066K shares, representing an increase of 1.10%. The firm decreased its portfolio allocation in DCT by 15.51% over the last quarter.
What is the Fund Sentiment?
There are 371 funds or institutions reporting positions in Duck Creek Technologies. This is a decrease of 58 owner(s) or 13.52% in the last quarter. Average portfolio weight of all funds dedicated to DCT is 0.11%, an increase of 14.84%. Total shares owned by institutions decreased in the last three months by 4.71% to 122,427K shares. The put/call ratio of DCT is 0.17, indicating a bullish outlook.
Duck Creek Technologies Background Information
(This description is provided by the company.)
Duck Creek Technologies develops industry-specific software that helps insurance carriers to deploy and manage their products and services.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
