Bank of Montreal Can reduced its position in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,522,197 shares of the technology company's stock after selling 10,296 shares during the quarter. Bank of Montreal Can owned approximately 1.78% of The Descartes Systems Group worth $172,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in shares of The Descartes Systems Group in the fourth quarter worth $43,000. Jane Street Group LLC grew its position in The Descartes Systems Group by 20.4% in the third quarter. Jane Street Group LLC now owns 13,290 shares of the technology company's stock worth $1,368,000 after acquiring an additional 2,250 shares in the last quarter. Barclays PLC increased its position in shares of The Descartes Systems Group by 2.8% during the 3rd quarter. Barclays PLC now owns 10,008 shares of the technology company's stock valued at $1,031,000 after purchasing an additional 270 shares during the last quarter. Canoe Financial LP bought a new position in The Descartes Systems Group during the fourth quarter valued at $7,939,000. Finally, Geode Capital Management LLC raised its position in The Descartes Systems Group by 23.0% in the 4th quarter. Geode Capital Management LLC now owns 590,010 shares of the technology company's stock worth $67,934,000 after purchasing an additional 110,329 shares during the period. Hedge funds and other institutional investors own 77.73% of the company's stock.
The Descartes Systems Group Trading Up 1.0 %
DSGX traded up $0.99 on Friday, hitting $101.74. 321,479 shares of the company's stock were exchanged, compared to its average volume of 207,600. The stock has a fifty day moving average of $106.10 and a two-hundred day moving average of $110.22. The firm has a market cap of $8.71 billion, a PE ratio of 63.99 and a beta of 0.97. The Descartes Systems Group Inc. has a twelve month low of $87.20 and a twelve month high of $124.31.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. The firm had revenue of $167.50 million for the quarter, compared to analysts' expectations of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. On average, analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. CIBC lowered their target price on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. StockNews.com lowered shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Barclays lowered their price target on shares of The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating on the stock in a report on Thursday, March 6th. Scotiabank raised their price objective on 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, BMO Capital Markets dropped their price target on 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. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $119.50.
View Our Latest Report on The Descartes Systems Group
About The Descartes Systems Group
(
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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