SG Americas Securities LLC trimmed its position in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 22.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,417 shares of the technology company's stock after selling 2,797 shares during the period. SG Americas Securities LLC's holdings in The Descartes Systems Group were worth $950,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. purchased a new position in The Descartes Systems Group in the 1st quarter worth approximately $25,000. GeoWealth Management LLC lifted its stake in The Descartes Systems Group by 63.2% in the 4th quarter. GeoWealth Management LLC now owns 341 shares of the technology company's stock worth $39,000 after purchasing an additional 132 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in The Descartes Systems Group in the 4th quarter worth approximately $43,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in The Descartes Systems Group in the 4th quarter worth approximately $57,000. Finally, Optiver Holding B.V. purchased a new position in The Descartes Systems Group in the 4th quarter worth approximately $66,000. 77.73% of the stock is currently owned by institutional investors and hedge funds.
The Descartes Systems Group Price Performance
Shares of NASDAQ:DSGX traded up $0.26 during mid-day trading on Friday, reaching $99.22. 349,593 shares of the company were exchanged, compared to its average volume of 228,226. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of 59.77 and a beta of 0.87. The firm's 50-day simple moving average is $106.95 and its 200 day simple moving average is $109.52. The Descartes Systems Group Inc. has a 1 year low of $90.61 and a 1 year high of $124.31.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.05). The company had revenue of $168.74 million for the quarter, compared to analysts' expectations of $169.60 million. The Descartes Systems Group had a return on equity of 10.53% and a net margin of 21.67%. The business's revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 EPS. On average, research analysts forecast that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. BMO Capital Markets decreased their target price on shares of The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating on the stock in a research note on Thursday, March 6th. CIBC decreased their target price on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Barclays cut their price target on shares of The Descartes Systems Group from $118.00 to $108.00 and set an "equal weight" rating for the company in a report on Thursday, June 5th. Stephens cut their price target on shares of The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Finally, Royal Bank Of Canada cut their price target on shares of The Descartes Systems Group from $130.00 to $126.00 and set an "outperform" rating for the company in a report on Thursday, June 5th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $123.40.
Check Out Our Latest Stock Analysis on DSGX
The Descartes Systems Group 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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