Centaurus Financial Inc. Has $5.65 Million Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Centaurus Financial Inc. trimmed its position in 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 (SEC). The firm owned 49,729 shares of the technology company's stock after selling 2,594 shares during the quarter. Centaurus Financial Inc. owned approximately 0.06% of The Descartes Systems Group worth $5,649,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DSGX. Mather Group LLC. boosted its holdings in shares of The Descartes Systems Group by 301.7% during the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company's stock worth $27,000 after purchasing an additional 181 shares during the period. GeoWealth Management LLC increased 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 worth $39,000 after acquiring an additional 132 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in The Descartes Systems Group during the fourth quarter valued at $43,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in The Descartes Systems Group during the fourth quarter valued at $57,000. Finally, Optiver Holding B.V. acquired a new stake in The Descartes Systems Group during the fourth quarter valued at $66,000. Institutional investors and hedge funds own 77.73% of the company's stock.

The Descartes Systems Group Stock Down 0.6%

DSGX traded down $0.72 during trading on Thursday, reaching $113.68. 247,262 shares of the company's stock were exchanged, compared to its average volume of 209,772. The Descartes Systems Group Inc. has a fifty-two week low of $89.00 and a fifty-two week high of $124.31. The company has a market capitalization of $9.73 billion, a P/E ratio of 71.50 and a beta of 0.88. The business has a 50 day moving average price of $105.95 and a 200 day moving average price of $110.79.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued 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 Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The business had revenue of $167.50 million for the quarter, compared to analyst estimates of $169.97 million. As a group, research analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Wall Street Analyst Weigh In

DSGX has been the subject of several research reports. CIBC reduced their price target on The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Wall Street Zen downgraded shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Stephens reduced their price target on The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. BMO Capital Markets lowered 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. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $130.00 price objective on shares of The Descartes Systems Group in a research note on Friday, March 28th. Four 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 stock. Based on data from MarketBeat, The Descartes Systems Group has an average rating of "Moderate Buy" and an average target price of $122.18.

About The Descartes Systems Group

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.