Fiera Capital Corp lowered its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,542,875 shares of the technology company's stock after selling 35,773 shares during the quarter. Fiera Capital Corp owned about 2.97% of The Descartes Systems Group worth $288,746,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Mather Group LLC. grew its stake in shares of The Descartes Systems Group by 301.7% in the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company's stock valued at $27,000 after buying an additional 181 shares in the last quarter. Trust Co. of Vermont purchased a new position in The Descartes Systems Group during the 4th quarter valued at about $54,000. GAMMA Investing LLC grew its position in The Descartes Systems Group by 4,950.0% in the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company's stock valued at $57,000 after acquiring an additional 495 shares in the last quarter. Blue Trust Inc. increased its stake in The Descartes Systems Group by 931.7% during the third quarter. Blue Trust Inc. now owns 650 shares of the technology company's stock worth $63,000 after purchasing an additional 587 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of The Descartes Systems Group during the fourth quarter worth about $90,000. Hedge funds and other institutional investors own 77.73% of the company's stock.
The Descartes Systems Group Stock Performance
DSGX traded down $0.24 during trading on Friday, reaching $116.54. The company's stock had a trading volume of 172,250 shares, compared to its average volume of 188,525. The company has a market capitalization of $9.97 billion, a price-to-earnings ratio of 73.30 and a beta of 0.99. The company's fifty day moving average price is $116.26 and its 200-day moving average price is $108.79. The Descartes Systems Group Inc. has a 52-week low of $84.12 and a 52-week high of $124.31.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings data on Tuesday, December 3rd. The technology company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. During the same period last year, the business posted $0.31 EPS. Equities analysts predict that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. StockNews.com downgraded The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Scotiabank raised their target price on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, December 4th. Royal Bank of Canada upped their price target on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the company an "outperform" rating in a research report on Friday, November 29th. Finally, Barclays raised shares of The Descartes Systems Group from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $88.00 to $125.00 in a research report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $117.92.
View Our Latest Stock Report 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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