Is Duck Creek Technologies (DCT) A Smart Long-Term Buy?
Polen Capital, an investment management firm, published its “Polen U.S. Small Company Growth” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 0.99% was delivered by the fund for the first quarter of 2021, trailing its Russell 2000 Growth benchmark that delivered a 4.87% gain for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Polen U.S. Small Company Growth Fund, in its Q1 2021 investor letter, mentioned Duck Creek Technologies, Inc. (NASDAQ: DCT), and shared their insights on the company. Duck Creek Technologies, Inc. is a Boston, Massachusetts-based software company that currently has a $5.08 billion market capitalization. Since the beginning of the year, DCT delivered a -10.79% return, while its 1-month return are down by -12.16%. As of May 24, 2021, the stock closed at $38.63 per share.