Baird Financial Group Inc. Reduces Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Baird Financial Group Inc. decreased its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 430,369 shares of the technology company's stock after selling 41,441 shares during the period. Baird Financial Group Inc. owned 0.50% of The Descartes Systems Group worth $48,890,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in DSGX. Mather Group LLC. increased its holdings in shares of The Descartes Systems Group by 301.7% in the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company's stock valued at $27,000 after purchasing an additional 181 shares in the last quarter. GeoWealth Management LLC grew its stake 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 valued at $39,000 after buying an additional 132 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in The Descartes Systems Group during the 4th quarter valued at $43,000. Trust Co. of Vermont acquired a new stake in The Descartes Systems Group during the 4th quarter valued at approximately $54,000. Finally, GAMMA Investing LLC grew its holdings in The Descartes Systems Group by 4,950.0% during the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company's stock worth $57,000 after acquiring an additional 495 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. BMO Capital Markets reduced their price target on shares of The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating for the company in a report on Thursday, March 6th. Stephens lowered their price objective on shares of The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Barclays reduced their price target on The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating for the company in a research report on Thursday, March 6th. Scotiabank boosted 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 research report on Wednesday, March 26th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $130.00 target price on shares of The Descartes Systems Group in a research report on Friday, March 28th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $119.50.

The Descartes Systems Group Stock Performance

Shares of DSGX stock traded down $0.18 on Wednesday, reaching $107.46. The stock had a trading volume of 219,117 shares, compared to its average volume of 203,615. The company has a 50 day simple moving average of $102.25 and a 200 day simple moving average of $110.23. The stock has a market cap of $9.20 billion, a P/E ratio of 67.58 and a beta of 0.88. The Descartes Systems Group Inc. has a 1 year low of $89.00 and a 1 year 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 analysts' consensus estimates 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 anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

The Descartes Systems Group Company Profile

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.