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. The company also provides Duck Creek Rating that allows carriers to develop new rates and models and deliver accurate quotes in real-time based on the complex rating algorithms; Duck Creek Insights, an insurance analytics solution that allows carriers to gather and analyze data from internal and external sources and facilitate rapid analysis and reporting on a single system; Duck Creek Digital Engagement that offer digital interactions between property and casualty insurers and their agents, brokers, and policyholders; and Duck Creek Distribution Management that automates sales channel activities for agents and brokers, including producer onboarding, compliance, and compensation management. In addition, it offers Duck Creek Reinsurance Management that automates critical financial and administrative functions; and Duck Creek Industry Content that provides pre-built content, including base business rules, product designs, rating algorithms, data capture screens, and workflows for insurance lines of business. The company serves insurance carriers and leaders. Duck Creek Technologies, Inc. was founded in 2016 and is headquartered in Boston, Massachusetts.
IPO Year: 2020
Exchange: NASDAQ
Website: duckcreek.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
2/8/2023 | $22.00 → $19.00 | Buy → Neutral | DA Davidson |
1/4/2023 | $16.00 → $11.00 | Neutral → Underperform | BofA Securities |
12/1/2022 | $13.00 | Neutral | JP Morgan |
7/19/2022 | $18.00 → $14.00 | Outperform → Sector Perform | RBC Capital Mkts |
7/1/2022 | Mkt Outperform → Mkt Perform | JMP Securities | |
7/1/2022 | $39.00 → $16.00 | Buy → Neutral | BofA Securities |
4/4/2022 | $32.00 → $19.00 | Outperform → Peer Perform | Wolfe Research |
1/7/2022 | $51.00 → $35.00 | Market Outperform | JMP Securities |
1/7/2022 | $41.00 → $38.00 | Overweight | Barclays |
1/7/2022 | $46.00 → $36.00 | Outperform | Raymond James |
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London, March 28, 2022 (GLOBE NEWSWIRE) -- Duck Creek Technologies (NASDAQ:DCT) is pleased to announce today the appointment of Shreyas Vasanthkumar as Managing Director, Europe, the Middle East and Africa (EMEA). Shreyas will be responsible for driving profitable growth across Duck Creek Technologies' EMEA operations, as well as investment in key global accounts headquartered regionally. He joins Duck Creek from Hexaware Technologies where he was most recently responsible for managing all sales and business development activities for Hexaware EMEA. Shreyas has been an integral part of the Hexaware growth story throughout his 19-year tenure, including developing successful businesses in
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Boston, April 10, 2023 (GLOBE NEWSWIRE) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, is honored to be ranked a Dominant Provider in Aite-Novarica's P/C Policy Administration Systems Impact Report, indicating strong market position and momentum. Aite-Novarica is a leading analyst research firm and provides this report to assist P&C insurers in drawing up their short lists of potential providers based on vendor market position and offering details. The 2023 P/C Policy Administration Systems Impact Report provides an overview of the key features and capabilities, client base, lines of business suppor
Boston, April 05, 2023 (GLOBE NEWSWIRE) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, is excited to announce that Andy Yohn, VP of Product Strategy and co-founder of Duck Creek, will be presenting with Verisk at the 2023 Verisk Insurance Conference in Scottsdale, AZ from April 11–14, 2023. Verisk will unite senior executives and professionals across the value chain to share significant insights, critical trends, and innovative solutions on insurance industry trends. In his session, Navigating the Noise: Dynamic & Actionable Data is Powering Automation in Small Commercial Insurance, Yohn will discu
Boston, April 03, 2023 (GLOBE NEWSWIRE) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, will host the One Duck Creek Summit, April 4-6, 2023, in Boston, Massachusetts, bringing leaders together to focus on connection, culture and community. The global attendees are credited for leading the various critical initiatives and programs that make Duck Creek a culture champion in the insurance and technology industries. The diverse collection of people in attendance will spend their time together reflecting on past initiatives and planning future endeavors and setting goals to continue building upon the awa
Boston, March 30, 2023 (GLOBE NEWSWIRE) -- Duck Creek Technologies ("Duck Creek"), the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announced the completion of its acquisition by Vista Equity Partners ("Vista"), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses, for $19.00 per share, in an all-cash transaction valued at approximately $2.6 billion. "We are excited to commence our partnership with Vista Equity Partners and work together to advance the next generation of P&C insurance technology," said Michael Jackowski, Chief Executive Officer of Duck Creek.
Boston, March 27, 2023 (GLOBE NEWSWIRE) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, welcomes Mick Ebeling as its Formation '23 keynote speaker. Formation, Duck Creek's annual user conference, attracts the world's leading insurance industry and technology minds and takes place in Orlando, FL, May 8-10, 2023. Ebeling is the founder and CEO of Not Impossible, a critically acclaimed, award-winning social lab and production company that taps into the power of technology and story to change the world. Formation '23 will empower the P&C and general insurance community with the insights, technology, and
Boston, March 22, 2023 (GLOBE NEWSWIRE) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has earned three XCelent awards for Advanced Technology, Breadth of Functionality, and Customer Base and Support in Celent's report, Policy Administration Systems: P&C Insurance, North America, 2023. Celent is a leading global research and advisory firm focused on technology, and the report provides an overview of the policy administration systems available for property and casualty insurance carriers. The report provides an overview of the functionality, customer bases, lines of business, technology, implementati
ORLANDO, Fla., March 21, 2023 /PRNewswire/ -- Hexaware, a global provider of IT services and solutions, is pleased to be a silver sponsor for Duck Creek's annual Formation event, in Orlando, U.S., May 8-10, 2023. Hexaware is one of the few System Integrator partners to win the Innovation Award for OnDemand Enablement Tooling from Duck Creek Technologies in the categories of CBO (Custom Business Object) Remediation and Claims Remediation. The event offers 30+ sessions with business leaders sharing the latest advancements in P&C insurance and ample networking opportunities. The sessions will showcase demos and solutions highlighting innovative practices in today's digital world. For more info
NEW YORK, March 10, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the first quarter of 2023. This quarter, there are constituent changes within one of our indexes: the KBW Nasdaq Financial Technology Index (Index Ticker: KFTX; ETF Ticker: FTEK.LN). These changes will be effective prior to the opening of business on Monday, March 20, 2023. As part of this rebalancing, below are the component-level changes across impacted indices: KBW Nasdaq Financial Technology Index (Index Ticker: KF
Boston, Feb. 20, 2023 (GLOBE NEWSWIRE) -- Duck Creek Technologies (NASDAQ:DCT), the intelligent solutions provider defining the future of property and casualty (P&C) insurance, highlights its customer relationship with GAINSCO Auto Insurance® (GAINSCO), a leading provider of non-standard auto insurance products. Duck Creek's customer-centric and low-code software enables GAINSCO to increase operational efficiencies to best serve its customers during its period of significant expansion and provides a new distribution model to more effectively manage this expansion from the current 19 states in which it actively writes policies to more than 40 states over the next few years. GAINSCO was s
Boston, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Duck Creek Technologies (NASDAQ:DCT), the intelligent solutions provider defining the future of property and casualty (P&C) insurance, is pleased to be a sponsor of Quadient's annual user conference, Inspire Days, in Orlando Florida from February 22-24, 2023. Quadient (PARIS:QDT) is a leader in helping businesses create meaningful customer connections through digital and physical channels and a strategic partner to Duck Creek. The event will bring together a community of customers and partners focused on strengthening relationships and discussing business strategy and thought leadership. Quadient has developed strong integrations with Duck Creek
NEW YORK, March 10, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the first quarter of 2023. This quarter, there are constituent changes within one of our indexes: the KBW Nasdaq Financial Technology Index (Index Ticker: KFTX; ETF Ticker: FTEK.LN). These changes will be effective prior to the opening of business on Monday, March 20, 2023. As part of this rebalancing, below are the component-level changes across impacted indices: KBW Nasdaq Financial Technology Index (Index Ticker: KF
First Quarter Fiscal 2023 Subscription revenue increased to $43.8 million, up 23% year-over-year SaaS Annual Recurring Revenue ("SaaS ARR") increased to $180.6 million, up 24% year-over-year BOSTON, Jan. 05, 2023 (GLOBE NEWSWIRE) -- Duck Creek Technologies (NASDAQ:DCT), the intelligent SaaS solutions provider defining the future of property and casualty ("P&C") insurance, today announced its financial results for the first quarter ended November 30, 2022. "Duck Creek started fiscal 2023 strong, highlighted by nine SaaS wins for a variety of core and strategic insurance solutions with new and existing carrier customers of all sizes. We believe customer interest in core systems modernizat
Boston, MA, Jan. 05, 2023 (GLOBE NEWSWIRE) -- Duck Creek Technologies (NASDAQ:DCT) ("Duck Creek"), the intelligent solutions provider defining the future of property and casualty (P&C) insurance, today announced a definitive agreement to acquire Imburse Payments ("Imburse"), a Swiss-based modern payments platform. Imburse's cloud-native software-as-a-service (SaaS) payment solution is built for the insurance industry. The modern payments platform brings greater ease and efficiency into end-to-end insurance transactions. Imburse enables insurance carriers to quickly connect to the entire payments ecosystem at a lower cost, seamlessly integrate with existing finance infrastructure and pro
BOSTON, Dec. 15, 2022 (GLOBE NEWSWIRE) -- Duck Creek Technologies, Inc. (NASDAQ:DCT) ("Duck Creek"), the intelligent solutions provider defining the future of property and casualty (P&C) insurance, announced today it will release its financial results for the first quarter of fiscal 2023, ended November 30, 2022, after the U.S. financial markets close on Thursday, January 5, 2023. In conjunction with this announcement, Duck Creek will host a conference call on Thursday, January 5, at 5:00 p.m. (Eastern Time), to discuss the Company's financial results and business outlook. A live webcast of the call will be available on the "Investor Relations" page of the Company's website at https://ir.
Fourth Quarter Fiscal 2022 Subscription revenue increased to $40.2 million, up 21% year-over-yearSaaS Annual Recurring Revenue ("SaaS ARR") increased to $169.3 million, up 25% year-over-year BOSTON, Oct. 12, 2022 (GLOBE NEWSWIRE) -- Duck Creek Technologies (NASDAQ:DCT), the intelligent SaaS solutions provider defining the future of property and casualty ("P&C") insurance, today announced its financial results for the fourth quarter and fiscal year ended August 31, 2022. "Duck Creek's fourth quarter performance was highlighted by improved deal activity as customer demand and interest in modernizing their core systems to Duck Creek OnDemand, our industry-leading SaaS cloud platform, remai
BOSTON, Sept. 21, 2022 (GLOBE NEWSWIRE) -- Duck Creek Technologies, Inc. (NASDAQ:DCT) ("Duck Creek"), the intelligent solutions provider defining the future of property and casualty (P&C) insurance, announced today it will release its financial results for the fourth quarter and full year, ended August 31, 2022, after the U.S. financial markets close on Wednesday, October 12, 2022. In conjunction with this announcement, Duck Creek will host a conference call on Wednesday, October 12, at 5:00 p.m. (Eastern Time), to discuss the Company's financial results and business outlook. A live webcast of the call will be available on the "Investor Relations" page of the Company's website at https://
Third Quarter Fiscal 2022 revenue grew 7% year-over-year SaaS Annual Recurring Revenue grew 25% year-over-year BOSTON, June 29, 2022 (GLOBE NEWSWIRE) -- Duck Creek Technologies (NASDAQ:DCT), the intelligent SaaS solutions provider defining the future of property and casualty ("P&C") insurance, today announced its financial results for the three and nine months ended May 31, 2022. "Duck Creek continued to demonstrate steady adoption of our industry leading, cloud-based SaaS platform, Duck Creek OnDemand, including an expanded relationship with a major tier one carrier. We are very well positioned with our core systems offerings and pursuing strategic expansion across the industry
BOSTON, June 08, 2022 (GLOBE NEWSWIRE) -- Duck Creek Technologies, Inc. (NASDAQ:DCT) ("Duck Creek"), a leading, global technology solutions provider to the property and casualty (P&C) insurance industry, announced today it will release its financial results for the third quarter of fiscal year 2022, ended May 31, 2022, after the U.S. financial markets close on Wednesday, June 29, 2022. In conjunction with this announcement, Duck Creek will host a conference call on Wednesday, June 29, 2022, at 5:00 p.m. (Eastern Time), to discuss the Company's financial results and business outlook. A live webcast of the call will be available on the "Investor Relations" page of the Company's website at h
Second Quarter Fiscal 2022 revenue grew 22% year-over-yearSaaS Annual Recurring Revenue grew 28% year-over-year BOSTON, March 31, 2022 (GLOBE NEWSWIRE) -- Duck Creek Technologies (NASDAQ:DCT), a provider of SaaS-delivered enterprise software to the property & casualty ("P&C") insurance industry, today announced its financial results for the three and six months ended February 28, 2022. "Duck Creek's second quarter results reflected continued adoption of Duck Creek OnDemand by customers across all tiers. New and existing customer interest on moving their critical core systems to the cloud remains very strong and is viewed as essential to their success," said Michael Jackowski, Duck Creek
BOSTON, March 10, 2022 (GLOBE NEWSWIRE) -- Duck Creek Technologies, Inc. (NASDAQ:DCT) ("Duck Creek"), a provider of SaaS-delivered enterprise software to the property & casualty ("P&C") insurance industry, announced today it will release its financial results for the second quarter of fiscal year 2022, ended February 28, 2022, after the U.S. financial markets close on Thursday, March 31, 2022. In conjunction with this announcement, Duck Creek will host a conference call on Thursday, March 31, 2022, at 5:00 p.m. (Eastern Time), to discuss the Company's financial results and business outlook. A live webcast of the call will be available on the "Investor Relations" page of the Company's webs
DA Davidson downgraded Duck Creek Technologies from Buy to Neutral and set a new price target of $19.00 from $22.00 previously
BofA Securities downgraded Duck Creek Technologies from Neutral to Underperform and set a new price target of $11.00 from $16.00 previously
JP Morgan initiated coverage of Duck Creek Technologies with a rating of Neutral and set a new price target of $13.00
RBC Capital Mkts downgraded Duck Creek Technologies from Outperform to Sector Perform and set a new price target of $14.00 from $18.00 previously
JMP Securities downgraded Duck Creek Technologies from Mkt Outperform to Mkt Perform
BofA Securities downgraded Duck Creek Technologies from Buy to Neutral and set a new price target of $16.00 from $39.00 previously
Wolfe Research downgraded Duck Creek Technologies from Outperform to Peer Perform and set a new price target of $19.00 from $32.00 previously
JMP Securities reiterated coverage of Duck Creek Technologies with a rating of Market Outperform and set a new price target of $35.00 from $51.00 previously
Barclays reiterated coverage of Duck Creek Technologies with a rating of Overweight and set a new price target of $38.00 from $41.00 previously
Raymond James reiterated coverage of Duck Creek Technologies with a rating of Outperform and set a new price target of $36.00 from $46.00 previously
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The most overbought stocks in the information technology sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Asure Software, Inc. (NASDAQ:ASUR) Asure Software reported better-than-expected Q4 sales results. “Our record-breaking fourth quarter and full year results show tha
Upgrades According to Morgan Stanley, the prior rating for Omnicom Group Inc (NYSE:OMC) was changed from Underweight to Equal-Weight. For the fourth quarter, Omnicom Group had an EPS of $2.09, compared to year-ago quarter EPS of $1.95. The stock has a 52-week-high of $92.72 and a 52-week-low of $61.31. At the end of the last trading period, Omnicom Group closed at $90.92. According to B of A Securities, the prior rating for TripAdvisor Inc (NASDAQ:TRIP) was changed from Underperform to Buy. In the third quarter, TripAdvisor showed an EPS of $0.28, compared to $0.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $30.48 and a 52-week-low of $16.87. TripAdvisor clo
Duck Creek Technologies (NASDAQ:DCT) has observed the following analyst ratings within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 3 1 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 1 0 3M Ago 0 0 1 0 0 According to 4 analyst offering 12-month price targets in the last 3 months, Duck Creek Technologies has an average price target of $15.5 with a high of $19.00 and a low of $11.00. Below is a summary of how these 4 analysts rated Duck Creek Technologies over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the m
DA Davidson analyst Peter Heckmann downgrades Duck Creek Technologies (NASDAQ:DCT) from Buy to Neutral and lowers the price target from $22 to $19.
Upgrades For Casa Systems Inc (NASDAQ:CASA), Northland Capital Markets upgraded the previous rating of Market Perform to Outperform. Casa Systems earned $0.29 in the third quarter, compared to $0.05 in the year-ago quarter. The current stock performance of Casa Systems shows a 52-week-high of $7.18 and a 52-week-low of $2.35. Moreover, at the end of the last trading period, the closing price was at $3.33. UBS upgraded the previous rating for Millicom International Cellular SA (NASDAQ:TIGO) from Neutral to Buy. In the third quarter, Millicom Intl Cellular showed an EPS of $0.18, compared to $0.05 from the year-ago quarter. The stock has a 52-week-high of $29.66 and a 52-week-low of $10.22.
Raymond James analyst Alexander Sklar downgrades Duck Creek Technologies (NASDAQ:DCT) from Outperform to Market Perform.
Over the past 3 months, 3 analysts have published their opinion on Duck Creek Technologies (NASDAQ:DCT) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 2 1 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 1 0 2M Ago 0 0 1 0 0 3M Ago 0 0 0 0 0 In the last 3 months, 3 analysts have offered 12-month price targets for Duck Creek Technologies. The company has an average price target of $14.33 with a high of $19.00 and a low of $11.00. Below is a summary of how these 3 analysts rate
Upgrades According to B of A Securities, the prior rating for Toll Brothers Inc (NYSE:TOL) was changed from Neutral to Buy. For the fourth quarter, Toll Brothers had an EPS of $4.70, compared to year-ago quarter EPS of $3.02. The current stock performance of Toll Brothers shows a 52-week-high of $70.05 and a 52-week-low of $39.53. Moreover, at the end of the last trading period, the closing price was at $53.91. Lake Street upgraded the previous rating for Inotiv Inc (NASDAQ:NOTV) from Hold to Buy. Inotiv earned $0.32 in the fourth quarter, compared to $0.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $42.63 and a 52-week-low of $3.65. Inotiv closed at $5.59 at
Barclays analyst Saket Kalia downgrades Duck Creek Technologies (NASDAQ:DCT) from Overweight to Equal-Weight and raises the price target from $14 to $19.
Upgrades Morgan Stanley upgraded the previous rating for Stem Inc (NYSE:STEM) from Equal-Weight to Overweight. In the third quarter, Stem showed an EPS of $0.22, compared to $0.15 from the year-ago quarter. The current stock performance of Stem shows a 52-week-high of $18.02 and a 52-week-low of $5.72. Moreover, at the end of the last trading period, the closing price was at $8.14. According to Goldman Sachs, the prior rating for American Tower Corp (NYSE:AMT) was changed from Neutral to Buy. American Tower earned $2.36 in the third quarter, compared to $2.49 in the year-ago quarter. At the moment, the stock has a 52-week-high of $282.47 and a 52-week-low of $178.17. American Tower closed