Duck Creek Technologies (NASDAQ: DCT) released its quarterly earnings data on Thursday. The company reported earnings per share of $ 0.04 for the quarter, beating the consensus estimate of $ 0.01 by $ 0.03, Briefing.com reports. The company posted revenue of $ 73.42 million for the quarter, compared to analysts’ expectations of $ 68.91 million. During the same period of the previous year, the company achieved earnings per share of $ 0.02. The company’s revenue for the quarter increased 24.6% year-over-year.

DCT shares opened at $ 27.78 on Friday. Duck Creek Technologies has a twelve month low of $ 26.86 and a twelve month high of $ 59.40. The company has a market cap of $ 3.73 billion, a P / E ratio of -213.69 and a beta of -1.04. The company’s fifty-day simple moving average is $ 29.38 and its 200-day simple moving average is $ 38.62.

A number of analysts have commented on the headline. DA Davidson raised its target price on Duck Creek Technologies shares from $ 50.00 to $ 52.00 and gave the company a “buy” rating in a report released on Monday, October 11. Barclays Upgraded Duck Creek Technologies Shares From ‘On Equity’ To ‘Overweight’ Rating And Lowered Its Share Price Target From $ 48.80 To $ 41.00 In Research Report Monday, November 22. JPMorgan Chase & Co. downgraded Duck Creek Technologies shares from an “overweight” to a “neutral” rating and lowered its target price from $ 62.00 to $ 50.00 in a research report released on Friday October 15. Needham & Company LLC reaffirmed a “buy” note on Duck Creek Technologies shares in a research report on Friday, October 15. Finally, the Royal Bank of Canada lowered its target price on Duck Creek Technologies shares from $ 51.00 to $ 47.00 and established an “outperformance” rating for the company in a research report released on Friday the 15th. October. Two research analysts rated the stock with a conservation rating and eight issued a buy rating for the company’s stock. According to MarketBeat.com, Duck Creek Technologies has a consensus rating of “Buy” and an average target price of $ 49.10.

In addition, CFO Vincent A. Chippari sold 25,000 shares in a transaction on Tuesday, December 7. The shares were sold at an average price of $ 30.00, for a total value of $ 750,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.90% of the company’s shares.

A number of hedge funds have recently bought and sold shares of DCT. LPL Financial LLC purchased a new position in Duck Creek Technologies during the 3rd quarter valued at approximately $ 556,000. Dimensional Fund Advisors LP increased its holdings in Duck Creek Technologies by 92.0% during the third quarter. Dimensional Fund Advisors LP now owns 17,982 shares of the company valued at $ 796,000 after acquiring an additional 8,616 shares in the last quarter. Bank of America Corp DE increased its stake in Duck Creek Technologies by 138.5% during the 2nd quarter. Bank of America Corp DE now owns 20,936 shares of the company valued at $ 912,000 after acquiring an additional 12,158 shares in the last quarter. UBS Group AG increased its stake in Duck Creek Technologies by 11,011.2% during the third quarter. UBS Group AG now owns 61,334 shares of the company valued at $ 2,713,000 after acquiring an additional 60,782 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Duck Creek Technologies by 36.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 251,875 shares of the company valued at $ 11,144,000 after acquiring an additional 66,970 shares during the last quarter. 72.12% of the shares are currently held by institutional investors.

About Duck Creek Technologies

Duck Creek Technologies, Inc. provides basic software-as-a-service systems to the P&C insurance industry in North America. It offers Duck Creek Policy, a full lifecycle solution for product development and policy listing, bonding and servicing across a variety of channels, from agents and brokers to end users; Duck Creek Billing which provides payment and billing capabilities, such as billing and collection, commission processing, outflow management, and general ledger capabilities for lines of insurance and invoice types; and Duck Creek Claims which supports the entire claims lifecycle, from first notice of loss to investigation, payments, negotiations, reporting and closing.

Featured Article: Is QQQ ETF Safe?

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Duck Creek Technologies now?

Before you consider Duck Creek Technologies, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and Duck Creek Technologies was not on the list.

While Duck Creek Technologies currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bids.

See the 5 actions here