Stephens Investment Management Group LLC Sells 8,000 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Stephens Investment Management Group LLC lessened its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 3.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 201,176 shares of the technology company's stock after selling 8,000 shares during the period. Stephens Investment Management Group LLC owned about 0.24% of The Descartes Systems Group worth $20,285,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DSGX. NBC Securities Inc. bought a new position in shares of The Descartes Systems Group in the 1st quarter worth approximately $25,000. GeoWealth Management LLC increased its holdings 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 acquiring an additional 132 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in The Descartes Systems Group in the 4th quarter worth approximately $57,000. Optiver Holding B.V. purchased a new stake in The Descartes Systems Group in the 4th quarter worth approximately $66,000. Finally, EverSource Wealth Advisors LLC increased its holdings in The Descartes Systems Group by 14.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 847 shares of the technology company's stock worth $96,000 after acquiring an additional 108 shares in the last quarter. Institutional investors own 77.73% of the company's stock.

The Descartes Systems Group Stock Performance

DSGX stock opened at $101.07 on Monday. The firm has a fifty day moving average price of $106.46 and a 200 day moving average price of $107.76. The Descartes Systems Group Inc. has a fifty-two week low of $90.61 and a fifty-two week high of $124.31. The firm has a market cap of $8.67 billion, a PE ratio of 60.89 and a beta of 0.82.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its earnings results 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 Descartes Systems Group had a net margin of 21.67% and a return on equity of 10.53%. The business had revenue of $168.74 million during the quarter, compared to analysts' expectations of $169.60 million. During the same period last year, the business posted $0.40 earnings per share. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. On average, equities analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DSGX shares. Royal Bank Of Canada reduced 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 report on Thursday, June 5th. Barclays reduced their target price 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. Scotiabank increased their price objective on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the company a "sector outperform" rating in a report on Wednesday, March 26th. Finally, Stephens cut their price objective 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. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $123.40.

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.

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