Stephens Investment Management Group LLC lessened its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 3.8% during the first quarter, according to its most recent filing with the Securities and 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 approximately 0.24% of The Descartes Systems Group worth $20,285,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of DSGX. NBC Securities Inc. purchased a new stake in shares of The Descartes Systems Group in the 1st quarter valued at $25,000. GeoWealth Management LLC lifted its position in shares of 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 during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of The Descartes Systems Group in the 4th quarter worth about $57,000. Optiver Holding B.V. purchased a new stake in shares of The Descartes Systems Group in the 4th quarter worth about $66,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of 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 purchasing an additional 108 shares during the period. Hedge funds and other institutional investors own 77.73% of the company's stock.
The Descartes Systems Group Stock Up 1.5%
NASDAQ:DSGX traded up $1.52 during trading hours on Thursday, hitting $105.34. 478,066 shares of the stock traded hands, compared to its average volume of 251,598. The Descartes Systems Group Inc. has a 1 year low of $90.61 and a 1 year high of $124.31. The stock has a 50 day moving average price of $106.11 and a 200 day moving average price of $107.56. The company has a market cap of $9.04 billion, a price-to-earnings ratio of 63.46 and a beta of 0.82.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its earnings results on Wednesday, June 4th. The technology company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.05). The Descartes Systems Group had a return on equity of 10.53% and a net margin of 21.67%. The company had revenue of $168.74 million during the quarter, compared to analysts' expectations of $169.60 million. During the same period last year, the firm posted $0.40 EPS. The Descartes Systems Group's quarterly revenue was up 11.5% compared to the same quarter last year. Equities analysts forecast that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on DSGX. Scotiabank lifted their price target on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the company a "sector outperform" rating in a research report on Wednesday, March 26th. Morgan Stanley assumed coverage on shares of The Descartes Systems Group in a research note on Monday. They set an "equal weight" rating and a $110.00 price objective for the company. Barclays reduced 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 note on Thursday, June 5th. Royal Bank Of Canada reduced their price objective on shares of The Descartes Systems Group from $130.00 to $126.00 and set an "outperform" rating for the company in a research note on Thursday, June 5th. Finally, Stephens reduced 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 research note on Wednesday, April 9th. Four investment 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, The Descartes Systems Group currently has an average rating of "Moderate Buy" and a consensus price target of $122.18.
Check Out Our Latest Analysis on The Descartes Systems Group
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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