Centaurus Financial Inc. Sells 2,594 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Centaurus Financial Inc. trimmed its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,729 shares of the technology company's stock after selling 2,594 shares during the period. Centaurus Financial Inc. owned 0.06% of The Descartes Systems Group worth $5,649,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DSGX. SG Americas Securities LLC grew its holdings in The Descartes Systems Group by 36.5% during the fourth quarter. SG Americas Securities LLC now owns 12,214 shares of the technology company's stock valued at $1,388,000 after purchasing an additional 3,267 shares during the period. Blue Trust Inc. grew its holdings in The Descartes Systems Group by 61.1% during the fourth quarter. Blue Trust Inc. now owns 1,047 shares of the technology company's stock valued at $119,000 after purchasing an additional 397 shares during the period. R Squared Ltd bought a new position in The Descartes Systems Group during the fourth quarter valued at $90,000. Forsta AP Fonden bought a new position in The Descartes Systems Group during the fourth quarter valued at $1,931,000. Finally, Hantz Financial Services Inc. grew its holdings in The Descartes Systems Group by 0.4% during the fourth quarter. Hantz Financial Services Inc. now owns 105,827 shares of the technology company's stock valued at $12,022,000 after purchasing an additional 430 shares during the period. 77.73% of the stock is owned by institutional investors.

The Descartes Systems Group Price Performance

NASDAQ:DSGX traded up $0.90 during mid-day trading on Friday, reaching $114.58. 289,378 shares of the company's stock traded hands, compared to its average volume of 208,783. The Descartes Systems Group Inc. has a 12-month low of $89.00 and a 12-month high of $124.31. The firm has a market capitalization of $9.81 billion, a price-to-earnings ratio of 72.06 and a beta of 0.88. The company has a 50 day moving average price of $106.13 and a 200-day moving average price of $110.75.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.43. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. The company had revenue of $167.50 million for the quarter, compared to the consensus estimate of $169.97 million. As a group, analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DSGX shares. Barclays cut 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 report on Thursday, March 6th. Wall Street Zen downgraded The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a $130.00 price objective on shares of The Descartes Systems Group in a report on Friday, March 28th. Stephens decreased their price objective on The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Finally, BMO Capital Markets decreased their price objective on 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. Three investment 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $124.80.

The Descartes Systems Group 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.