Praesidium Investment Management Company LLC trimmed its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 6.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 452,745 shares of the technology company's stock after selling 28,980 shares during the period. The Descartes Systems Group accounts for about 8.5% of Praesidium Investment Management Company LLC's investment portfolio, making the stock its 6th biggest holding. Praesidium Investment Management Company LLC owned approximately 0.53% of The Descartes Systems Group worth $45,650,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of DSGX. NBC Securities Inc. bought a new stake in The Descartes Systems Group in the first quarter valued at approximately $25,000. Cullen Frost Bankers Inc. bought a new stake in shares of The Descartes Systems Group during the first quarter worth $49,000. Versant Capital Management Inc increased its position in shares of The Descartes Systems Group by 2,013.5% during the first quarter. Versant Capital Management Inc now owns 1,099 shares of the technology company's stock worth $111,000 after acquiring an additional 1,047 shares in the last quarter. Intact Investment Management Inc. bought a new stake in shares of The Descartes Systems Group during the first quarter worth $141,000. Finally, Vident Advisory LLC bought a new stake in shares of The Descartes Systems Group during the first quarter worth $220,000. Institutional investors own 77.73% of the company's stock.
The Descartes Systems Group Price Performance
DSGX stock traded up $1.57 during trading hours on Friday, reaching $107.79. The stock had a trading volume of 721,438 shares, compared to its average volume of 362,805. The stock has a market capitalization of $9.26 billion, a PE ratio of 63.78 and a beta of 0.80. The stock has a 50-day simple moving average of $102.33 and a 200 day simple moving average of $104.24. The Descartes Systems Group Inc. has a fifty-two week low of $92.00 and a fifty-two week high of $124.31.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.06). The firm had revenue of $178.98 million during the quarter, compared to analyst estimates of $176.51 million. The Descartes Systems Group had a net margin of 21.64% and a return on equity of 10.60%. The business's revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 EPS. On average, sell-side analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on DSGX shares. Barclays lowered their price objective on shares of The Descartes Systems Group from $118.00 to $108.00 and set an "equal weight" rating for the company in a research report on Thursday, June 5th. Royal Bank Of Canada decreased their target price on shares of The Descartes Systems Group from $130.00 to $126.00 and set an "outperform" rating for the company in a research report on Thursday, June 5th. Morgan Stanley initiated coverage on shares of The Descartes Systems Group in a research report on Monday, July 14th. They issued an "equal weight" rating and a $110.00 target price for the company. Wall Street Zen downgraded shares of The Descartes Systems Group from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, Zacks Research raised shares of The Descartes Systems Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $123.60.
Read Our Latest Analysis on The Descartes Systems Group
The Descartes Systems Group Company Profile
(
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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