Ameriprise Financial Inc. reduced its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 479,248 shares of the technology company's stock after selling 9,648 shares during the period. Ameriprise Financial Inc. owned 0.56% of The Descartes Systems Group worth $54,443,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. grew its stake in shares of The Descartes Systems Group by 301.7% in the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company's stock worth $27,000 after acquiring an additional 181 shares during the period. GeoWealth Management LLC boosted its holdings in shares of The Descartes Systems Group by 63.2% in the fourth quarter. GeoWealth Management LLC now owns 341 shares of the technology company's stock worth $39,000 after buying an additional 132 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of The Descartes Systems Group in the fourth quarter worth approximately $43,000. Trust Co. of Vermont purchased a new position in shares of The Descartes Systems Group in the fourth quarter worth $54,000. Finally, GAMMA Investing LLC lifted its holdings in shares of The Descartes Systems Group by 4,950.0% in the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company's stock worth $57,000 after buying an additional 495 shares in the last quarter. 77.73% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
DSGX has been the topic of a number of research analyst reports. BMO Capital Markets cut their price target on shares of The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating on the stock in a report on Thursday, March 6th. Royal Bank of Canada reiterated an "outperform" rating and set a $130.00 target price on shares of The Descartes Systems Group in a report on Friday, March 28th. Scotiabank increased their target price on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the stock a "sector outperform" rating in a report on Wednesday, March 26th. CIBC lowered their price target on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, Barclays lowered their price target on shares of The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating on the stock in a report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $122.18.
Check Out Our Latest Stock Report on DSGX
The Descartes Systems Group Stock Down 0.2%
Shares of NASDAQ:DSGX traded down $0.17 during trading on Friday, hitting $112.59. 48,240 shares of the stock traded hands, compared to its average volume of 206,682. The company has a market cap of $9.64 billion, a price-to-earnings ratio of 70.81 and a beta of 0.88. The company has a fifty day moving average price of $103.06 and a two-hundred day moving average price of $110.47. The Descartes Systems Group Inc. has a 52-week low of $89.00 and a 52-week high of $124.31.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $167.50 million during the quarter, compared to analyst estimates of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. On average, equities research analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.
The Descartes Systems Group Company Profile
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Free Report)
The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.
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