Duck Creek Technologies Inc. [NASDAQ: DCT] closed the trading session at $19.03 on 01/09/23. The day’s price range saw the stock hit a low of $19.00, while the highest price level was $19.29. The company report on January 9, 2023 that Duck Creek Agrees to be Acquired by Vista Equity Partners for $2.6 Billion.
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Duck Creek shareholders to receive $19.00 per share in cashDeal price represents a 64% premium to the 30-day VWAPDuck Creek to become a privately held company upon completion of the transaction.
The stocks have a year to date performance of 57.93 percent and weekly performance of 57.93 percent. The stock has been moved at 27.89 percent over the last six months. The stock has performed 73.32 percent around the most recent 30 days and changed 62.37 percent over the most recent 3-months.
If compared to the average trading volume of 704.17K shares, DCT reached to a volume of 20524337 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Duck Creek Technologies Inc. [DCT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DCT shares is $14.78 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DCT stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Duck Creek Technologies Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on January 04, 2023. While these analysts kept the previous recommendation, JP Morgan raised their target price to Neutral. The new note on the price target was released on December 01, 2022, representing the official price target for Duck Creek Technologies Inc. stock. Previously, the target price had yet another drop from $18 to $14, while RBC Capital Mkts kept a Sector Perform rating on DCT stock.
The Average True Range (ATR) for Duck Creek Technologies Inc. is set at 1.13, with the Price to Sales ratio for DCT stock in the period of the last 12 months amounting to 7.25. The Price to Book ratio for the last quarter was 3.44, with the Price to Cash per share for the same quarter was set at 2.37. Price to Free Cash Flow for DCT in the course of the last twelve months was 4392.12 with Quick ratio for the last quarter at 4.40.
DCT stock trade performance evaluation
Duck Creek Technologies Inc. [DCT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 57.93. With this latest performance, DCT shares gained by 73.32% in over the last four-week period, additionally plugging by 27.89% over the last 6 months – not to mention a drop of -31.50% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DCT stock in for the last two-week period is set at 83.36, with the RSI for the last a single of trading hit 87.18, and the three-weeks RSI is set at 79.50 for Duck Creek Technologies Inc. [DCT]. The present Moving Average for the last 50 days of trading for this stock 11.59, while it was recorded at 13.45 for the last single week of trading, and 14.29 for the last 200 days.
Duck Creek Technologies Inc. [DCT]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Duck Creek Technologies Inc. [DCT] shares currently have an operating margin of -1.75 and a Gross Margin at +56.82. Duck Creek Technologies Inc.’s Net Margin is presently recorded at -2.75.
Return on Equity for this stock declined to -1.14, with Return on Assets sitting at -0.99.
Duck Creek Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.40 and a Current Ratio set at 4.40.
Earnings per share (EPS) analysis for Duck Creek Technologies Inc. [DCT] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DCT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Duck Creek Technologies Inc. go to 32.30%.
Duck Creek Technologies Inc. [DCT]: Insider Ownership positions
There are presently around $1,884 million, or 75.40% of DCT stock, in the hands of institutional investors. The top three institutional holders of DCT stocks are: ACCENTURE PLC with ownership of 21,071,302, which is approximately 0% of the company’s market cap and around 3.30% of the total institutional ownership; KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC, holding 17,546,504 shares of the stock with an approximate value of $333.91 million in DCT stocks shares; and ECHO STREET CAPITAL MANAGEMENT LLC, currently with $160.57 million in DCT stock with ownership of nearly 13.615% of the company’s market capitalization.
Positions in Duck Creek Technologies Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 95 institutional holders increased their position in Duck Creek Technologies Inc. [NASDAQ:DCT] by around 9,568,301 shares. Additionally, 84 investors decreased positions by around 13,044,197 shares, while 23 investors held positions by with 76,397,013 shares. The mentioned changes placed institutional holdings at 99,009,511 shares, according to the latest SEC report filing. DCT stock had 33 new institutional investments in for a total of 3,063,755 shares, while 30 institutional investors sold positions of 1,137,141 shares during the same period.