Duck Creek Technologies (NASDAQ:DCT) Posts Earnings Results, Beats Estimates By $0.04 EPS

Duck Creek Technologies (NASDAQ:DCT) announced its quarterly earnings data on Sunday. The company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.04, MarketWatch Earnings reports. The business had revenue of $62.65 million during the quarter, compared to analysts’ expectations of $59.23 million. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year.

Shares of NASDAQ:DCT traded down $1.34 on Tuesday, reaching $43.26. 40,284 shares of the company traded hands, compared to its average volume of 925,737. Duck Creek Technologies has a fifty-two week low of $35.10 and a fifty-two week high of $59.40. The company’s 50 day moving average is $47.13 and its 200-day moving average is $44.53. The stock has a market capitalization of $5.77 billion and a PE ratio of -390.91.

DCT has been the subject of a number of recent analyst reports. JMP Securities increased their price objective on Duck Creek Technologies from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Tuesday. DA Davidson increased their price target on Duck Creek Technologies from $51.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Duck Creek Technologies in a research note on Thursday, January 14th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $48.30.

In other news, CFO Vincent A. Chippari sold 25,000 shares of the stock in a transaction on Thursday, April 1st. The stock was sold at an average price of $45.13, for a total value of $1,128,250.00. Following the completion of the sale, the chief financial officer now owns 551,205 shares in the company, valued at $24,875,881.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Scott Fitzgerald sold 5,000 shares of the stock in a transaction on Friday, March 19th. The shares were sold at an average price of $42.56, for a total value of $212,800.00. Following the completion of the sale, the chief marketing officer now owns 236,948 shares of the company’s stock, valued at approximately $10,084,506.88. The disclosure for this sale can be found here. Insiders have sold a total of 6,627,318 shares of company stock valued at $298,183,991 in the last quarter. Insiders own 1.50% of the company’s stock.

Duck Creek Technologies Company Profile

Duck Creek Technologies, Inc provides software-as-a-service core systems to the property and casualty insurance industry in North America. It offers Duck Creek Policy, a full lifecycle solution for the development of products and quoting, binding, and servicing of policies across various channels from agents and brokers to end-users; 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 the entire claims lifecycle from first notice of loss through investigation, payments, negotiations, reporting, and closure.

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Earnings History for Duck Creek Technologies (NASDAQ:DCT)

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