JARISLOWSKY FRASER Ltd decreased its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,706,032 shares of the technology company's stock after selling 132,828 shares during the period. The Descartes Systems Group accounts for about 1.8% of JARISLOWSKY FRASER Ltd's portfolio, making the stock its 20th biggest holding. JARISLOWSKY FRASER Ltd owned approximately 3.16% of The Descartes Systems Group worth $306,214,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. boosted its stake in The Descartes Systems Group by 301.7% in the 4th 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 boosted its position in shares of The Descartes Systems Group by 63.2% during 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. purchased a new position in The Descartes Systems Group during the fourth quarter valued at $43,000. Trust Co. of Vermont bought a new stake in The Descartes Systems Group in the 4th quarter valued at $54,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in The Descartes Systems Group in the 4th quarter worth $57,000. Hedge funds and other institutional investors own 77.73% of the company's stock.
The Descartes Systems Group Stock Performance
Shares of DSGX stock opened at $107.46 on Friday. The stock has a 50 day moving average price of $102.20 and a 200 day moving average price of $110.28. The Descartes Systems Group Inc. has a 52-week low of $89.00 and a 52-week high of $124.31. The firm has a market capitalization of $9.20 billion, a P/E ratio of 67.58 and a beta of 0.88.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The business had revenue of $167.50 million during the quarter, compared to the consensus estimate of $169.97 million. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. As a group, sell-side analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $130.00 target price on shares of The Descartes Systems Group in a report on Friday, March 28th. StockNews.com cut The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Stephens reduced their price target on shares of The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. BMO Capital Markets lowered their price objective on shares of The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating for the company in a research report on Thursday, March 6th. Finally, Scotiabank boosted their target price on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the stock a "sector outperform" rating in a report on Wednesday, March 26th. Five investment 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $119.50.
View Our Latest Report on DSGX
The Descartes Systems Group Profile
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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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